Today, there are new coin investors who are spotlighting the following names across social media: flow ((((FLOW-USD). This project, whose market capitalization is increasing rapidly, Ethereum ((((ETH-USD) And all other Layer 1 blockchain networks that exploded in late 2021. Is FLOW suitable for competition? Well, with its sustainability promise, non-fungible tokens (NFTs), and hundreds of dapps, many investors are already ready to say so.
Flow is a layer 1 blockchain network. In short, it acts as a broad web host for decentralized applications for a variety of purposes. It’s one of the newest in the field and was launched about a month ago. But it’s already setting a fast pace. Currently, the network platform has over 220 dapp and NFT collections.
Network is a product of Dapper Labs, NFT company. Of course, this makes FLOW a network for investors in blockchain niches that are as prevalent as wildfires. And Dapper Labs is more than just an NFT company.It’s the organization behind a good NFT collection like this: NBA top shot, NFL all day When Cryptokitties..Needless to say, the network also has financial support from companies such as: Andreessen Horowitz, Warner Music Group When Animoka brand..
The big attraction of Flow for blockchain users is not just flashy tokens. This project is an attractive player due to its unique scaling method. In a flow network, every node on the network participates in every single transaction. However, each node is given the same validation role in each transaction, and each node is effectively assigned a unique role. These nodes only need to provide one particular small feature in the validation process. This ultimately reduces the energy required to validate the transaction.
FLOW Crypto stirs chatter on social media as whales buy in
FLOW cryptography is generally well known through its many products. But today, when whales start buying large quantities of FLOW, there is a lot of chatter. Indeed, Twitter conversations are hot among investors.These investors be careful Of many transactions that the buyer is buying FLOW worth tens of thousands of dollars All at once.
The buying trend reinforces the idea that FLOW will soon be one of the leaders in Layer 1.Indeed, these big buyers expect cryptos to compete with some of the biggest cryptos on the market, it’s Solana ((((SOL-USD), avalanche ((((AVAX-USD) Or ETH. Indeed, we are also making efforts to reach these heights. After just a month’s existence, the FLOW cipher is already the 51st largest cipher in the world, boasting a market capitalization of $ 1.8 billion.
FLOW crypto continues to make its own name on social media, but crypto seems to be on a slight downtrend today. Coins have fallen about 3% on the day, in line with market trends. Transaction volumes are about the same in currencies.
Publication date, Brenden Realic The securities mentioned in this article did not have a position (directly or indirectly). The opinions expressed in this article are those of the authors covered by the InvestorPlace.com Publishing Guidelines.