Flow is a layer one blockchain designed from the ground up for consumer apps and the digital assets that power them. The network runs on a Proof of Stake consensus mechanism with a unique "multi-role" architecture that solves the blockchain trilemma, balancing scalability, efficiency, and cost.
FLOW ($FLOW) is the native utility token that is used for:
Flow tools include:
Flow allows for massive, mainstream scale experiences at a low cost.The only blockchain designed from the ground up for consumer applications, the Flow enables innovative applications that arenβt possible on other networks.
The latest upgrade to Flow, Crescendo, launched on September 4th, 2024, bringing:
Flow utilizes a Proof of Stake consensus mechanism with its innovative multi-role architecture. This design separates consensus nodes into distinct roles, each serving different purposes in the network's operation. This approach enables high throughput without sacrificing security or decentralization. Node operators contributing to the network's security and decentralization include Google Cloud, Coinbase, Ubisoft, T-Systems, and Samsung.
The architecture of Flow enables features like account linking, UI abstraction, and protocol-native account abstraction, enhancing user experience and security while integrating with existing applications and services.
Flow was designed by Dieter Shirley, the co-author of the ERC-721 standard (βthe first NFT standardβ) and co-creator of the industry's first "killer app" (CryptoKitties) in 2017. In 2018, Dieter Shirley, Roham Gharegzelou, and Mikhael Naayem co-founded Dapper Labs following the viral success of CryptoKitties. In 2019, Flow was introduced in a white paper to enable the blockchain's next wave of innovation. In 2020, Dapper Labs launched the Flow network, with NBA Top Shot becoming its first major success. In 2024, to ensure the Flow network's long-term vision, the Flow Foundation was established as a decentralized non-profit and a separate entity from Dapper Labs.