Growing flow: the way this new cryptocurrency has an impact on the market
In recent years, the world of cryptocurrency has been significantly transformed. With the increase in Bitcoin and Ethereum, the capitalization of cryptocurrencies on the market increased exponentially. The new player who has recently noticed is Flow (Flow), a decentralized blockchain platform, which aims to revolutionize the way of thinking about money. In this article, we will analyze the impact of flow on market capitalization.
What is the flow?
The flow is a blockchain platform without open sources, without permission, designed for processing fast and cheap transactions. The platform is built at the top of the COSMOS block chain technology and allows users to create their own blockchain with a high degree of adjustment. One of the key functions that distinguish flow from other blockchain platforms is its ability to use a unique consensus algorithm (POW), but in this case he uses something like Byzantine error tolerance.
Market capitalization analysis
In 2021, the market capitalization of cryptocurrencies, such as Bitcoin and Ethereum, exceeded 2 trillions. However, as the market capitalization increases, the market capitalization has changed significantly to other blockchain platforms.
According to the last report on cryptozlate, the total market capitalization of cryptocurrencies in the Smart Smart Binance (BSC) chain exceeded the flow in T3 2021, reaching over USD 2.5 trillion compared to $ 700 million Bloom’s. This suggests that the flow gains significant grip and can be difficult for other blockchain platforms.
Why does flow attract investors?
There are several reasons why the flow attracts investors:
1.
- High scalability : Byzantine defective consensus (BFT) The cohesion algorithm allows quick and cheap transactions, which makes it an attractive option for users who need fast computing power.
3.
market trends
Increasing the flow has also led to a number of market trends:
- Increased adoption : Increased flow increases adoption in various industries, including games, finance and logistics.
2.
3.
Application
To sum up, the increase in flow had a significant impact on the market capitalization of cryptocurrencies. Thanks to low transactions, high scalability, intelligent contracts and growing acceptance in various industries, Flow is an attractive option for investors and users. Due to the fact that we are developing blockchain technology, it is clear that flow will play an important role in shaping the future of cryptocurrency.
references:
- Kryptozonate: « Intelligent Binance chain exceeds Ethereum as the greatest capitalization of the cryptocurrency market
- Coinmarketcap: « Capitalization of the flow market (flow) »
- BLOCKTV News: « Flow: the following great thing in cryptocurrency? »
Note: This article is used only for information purposes and should not be considered investment tips. Always conduct your own research before investing in any cryptocurrency or blockchain project.
