Buy Flow
What is Flow?
Flow is a high-performance, layer-one blockchain developed specifically for consumer applications and digital assets. It is designed to serve as a foundation for games, apps, and digital assets, featuring a developer-friendly approach. Flow uses a multi-role architecture to achieve scalability without sharding, making it particularly suitable for consumer-grade applications and non-fungible tokens (NFTs).
How does Flow work?
Flow operates using a unique multi-role architecture that separates the jobs of validator nodes into four distinct roles: Collection, Consensus, Execution, and Verification. This separation allows for increased efficiency and scalability by assigning each node a specific function. Flow utilizes a Proof of Stake (PoS) consensus mechanism, where users stake FLOW tokens to validate and secure the network, earning rewards for their contributions. Additionally, Flow supports smart contracts written in Cadence, a programming language crafted for safety and scalability.
What are the potential use cases for Flow?
Flow has a broad array of potential use cases including the development of decentralised applications (dApps), NFTs, and consumer-facing Web3 products. It is particularly well-suited for high-profile projects and mainstream applications due to its scalability and efficiency. Notable real-world applications include NBA Top Shot, NFL ALL DAY, Disney Pinnacle, and CryptoKitties. Flow’s use cases span various industries such as gaming, NFTs, decentralised finance (DeFi), real estate, and supply chain management.
What is the history of Flow?
Flow was created by Dapper Labs, a Canadian software company known for CryptoKitties, an early NFT project that congested the Ethereum network in 2017. The scalability issues observed with CryptoKitties motivated the development of Flow, a blockchain optimised for high-traffic games and digital assets. Dapper Labs, founded by Roham Gharegozlou, Dieter Shirley, and Mik Naayem, launched Flow’s mainnet in 2020. Significant milestones include NBA Top Shot's rise to mainstream prominence in 2021 and collaborations with major companies like Instagram and Facebook. Flow continues to evolve with a focus on improving scalability and supporting a wide range of applications.
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Frequently Asked Questions (FAQs)
What is the current price of Flow (FLOW)?
The Flow price is $1.1264 AUD, representing a -10.7% from the day prior.
Where is the best place to buy Flow (FLOW) in Australia?
The best place to buy Flow (FLOW) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Flow (FLOW) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Flow (FLOW)?
The trading volume of Flow (FLOW) is $151.8M AUD in the last 24hrs, representing a -10.7% from the day prior.
How can I buy Flow (FLOW)?
Flow (FLOW) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Flow (FLOW)?
The current market cap of Flow (FLOW) is $1.7B AUD.
Can I convert Flow (FLOW) to cash?
Yes - With Coinstash you can convert your Flow (FLOW) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Flow (FLOW) are there?
The current circulating supply of Flow (FLOW) is 1.6B.
Is Coinstash a safe place to buy Flow (FLOW) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Flow (FLOW) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.