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Flow

Flow: everything you need to know about FLOW

Axel van den Boogaard

Axel has been immersing himself in the world of crypto and blockchain for quite some time, which he then translates into understandable articles.

Flow facts

Abbreviation

FLOW

Category

Web3

Founder(s)

Roham Gharegozlou, Dieter Shirley, Mikhael Naayem 

Blockchain

Flow

Protocol

Proof of Stake

Launch date

October 2020

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What is Flow?

Flow is a cryptocurrency specifically designed for fast digital transactions. The Flow network was developed by Dapper Labs, the company behind popular decentralized applications (dApps) such as CryptoKitties and NBA Top Shot.

The goal of the Flow network is to provide a user-friendly and reliable infrastructure for the development of dApps and large-scale digital transactions. The Flow network utilizes a Proof of Stake consensus mechanism, and the FLOW token is used as a means to pay transaction fees. FLOW is also used as a reward for users contributing to the maintenance and security of the network.

How does Flow work?

Flow (FLOW) enables scalable digital transactions, supports decentralized applications, and employs Proof of Stake for network security. Its unique architecture called 'Corda' allows for multiple parallel chains, enabling the network to scale without performance issues. Users can stake FLOW tokens to participate as validators on the network, earning rewards in the process. Flow supports smart contracts and non-fungible tokens (NFTs) for creating and trading unique digital assets. Additionally, Flow has an active community of users, developers, and key partners.

The Flow token

The FLOW token is the native cryptocurrency of the Flow network. The token serves as a reward system for users contributing to the network's security and maintenance. It is also used to pay transaction fees and store (digital) value.

Flow utilizes a Proof of Stake (PoS) consensus mechanism where users stake tokens to validate and secure the network. By staking these tokens, users act as validators on the network and earn rewards in exchange for their contributions to network security. These rewards are distributed among validators based on the number of tokens they have staked.

The Technology Behind FLOW

The technology behind the Flow blockchain enables scalable and fast transactions while keeping the network secure and reliable. Key elements of Flow include:

  • Corda: A unique core supporting multiple parallel chains instead of a single chain. Each parallel chain can be specifically designed to support different types of assets and applications, making the blockchain versatile and flexible.
  • Proof of Stake consensus mechanism: Users stake FLOW tokens to validate and secure the network. Validators earn rewards in exchange for validating transactions and securing the network.
  • Smart contracts: These allow the creation of programmable and decentralized applications on the network, enabling developers to build complex applications like decentralized marketplaces, identity verification, or financial instruments.
  • Non-fungible tokens (NFTs): These can be used to create and trade unique digital assets, leading to the development of popular applications like NBA Top Shot, where users can buy and sell unique digital collectibles.
  • Cadence: The programming language used to write smart contracts on the Flow network.
  • FLOW token: The native cryptocurrency of the Flow network used for payments, validator rewards, value storage, and dApps on the Flow network.

The Flow ecosystem

The Flow ecosystem comprises various elements and stakeholders contributing to the development and use of the network. Flow focuses on providing a scalable, secure, and decentralized network for dApp development and use. It includes:

  • The Flow protocol: The technical core of the Flow ecosystem.
  • FLOW token: The native cryptocurrency of Flow.
  • DApps: The development and implementation of applications such as NFT marketplaces, gaming applications, and more. Examples include NBA Top Shot, CryptoKitties, and MotoGP.
  • Developer community: Flow provides developers with various tools and resources.
  • Partnerships: Including those with the National Basketball Association (NBA) and Ubisoft for blockchain game development. These partnerships promote the acceptance and adoption of the Flow network.

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Benefits of Flow

Some advantages of Flow that make it popular include:

  • Popularity of popular applications like Cryptokitties & NBA Top Shot
  • User-friendly and accessible for beginners
  • High-quality partnerships with companies like Samsung, NBA, and Warner Music Group
  • Integration with the sports and entertainment industry
  • Developers can upgrade their smart contracts

Drawbacks of Flow

Investors should consider the following disadvantages of Flow:

  • Complex technology that may deter developers
  • Strong dependence on the NFT market
  • Risk of centralization due to influential large investors

Who is the founder of Flow?

The founder of Flow is Dapper Labs, the company behind the CryptoKitties blockchain game. Under the leadership of founders Roham Gharegozlou, Dieter Shirley, and Mikhael Naayem, the team developed Flow as a platform for blockchain-based games and digital collectibles.

Price forecasts

In 2026 experts expect a minimal price of €1.78 and a minimal price of €5.88 in 2031.

Good time to get in?

View all key statistics of the past 24 hours here.

24h ago

€0.6123

24h high

€0.6768

24h low

€0.6055

24h change
€0.0624

Market information

Use these figures to get a better picture of the Flow market.

24u volume

€32.2 million

Marketcap

€926.5 million

FLOW in circulation

1.5 billion

All time high

€35.97

FLOW Return On Investment

See how much the price has risen or fallen over the years.

6 months
14.6%
1 year
42.68%
3 years
93.89%

Historical Flow price

Here you can see Flow's daily prices, trading volume and market cap. Looking for a specific date? You can fill in the range all you want. Maybe you'll spot the one trend!

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