Dapper Labs, the company behind CryptoKitties, created the Flow blockchain. It aims to help developers develop dApps (decentralized applications) and businesses. This network uses architecture to design instead of sharding. One of the reasons that Dapper decided to have its network instead of being on Etherium is Dapper Labs wanted to stay away from the complexity of sharding. Sharding. Sharding is a method for sending out a single dataset across various databases, which multiple machines can store. They believe that using scaling and putting away sharding will help the platform’s speed and throughput and preserve composability standards. It has a developer-friendly environment.
This network offers its native token as Flow. This token came out in 2020 through CoinList however it was not initially available in Canada and U.S.A.
What is Flow?
Flow is a blockchain network that is suitable for extensive scaling without sharding. It provides fast and affordable transactions that are reasonable for dApps such as NFT marketplaces and crypto-infused games. But why did they feel like they had to make a new blockchain?
Other decentralized blockchains’ tactics for scaling depend on sharding or side chain, which makes the interactivity among smart contracts much more complicated and leads to more errors.
Sharding is a good tactic for payments but unsuitable for ecosystems presenting games and social networks.
Dapper Labs presented Flow, which wishes to solve the blockchain congestion by making one primed for games and other interactive practices. Dapper Labs uses this token for all its projects, like NBA Top Shot.
The flow reward validators earn can be sold or transferred, so the money moves in the market.
Since NFT collectibles made it big in late 2020 and early 202, Flow has benefited from the surge. It reported a substantial uptick in developer requests in the early weeks of 2021.
Roham Gharegozlou started Dapper labs (the company behind CryptoKitties launched in 2017), NBA Top Shot, and blockchain. This company is located in Vancouver, Canada, and was founded in 2018.
The Dapper Labs team has been working on and building the production version of this platform since 2019, which includes implementing the protocol logic on each different type of node.
Dapper’s team released the Flow Beta Mainnet, which supports production user experiences for its users and partners.
For Beta Mainnet, the native token exists on the network to represent user accounts and give a minimum balance for users to do their first transactions. All fees were deficient at this stage.
Dapper designed this network for crypto and collectible experiences growing fast and can find a much larger audience in the following years.
NBA Top Shot has already proven that it has the potential to make vast amounts of cash and find considerable mainstream attention; this is just one experience built over this network, and many more will follow.
Each node stores the whole state in traditional blockchains, including account balances and smart contracts. Every node performs all of the work associated with all transactions. However, this blockchain separates the duties usually done by a node across five nodes, increasing efficiency.
You can currently interact with this network through NBA Top Shot, purchasing artwork from the VIV3 NFT marketplace, and other working applications on the network. Developers can use the various built-in tools to develop their dApps or experiment with Flow.