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What is Flow Blockchain and Why is it the best for producing digital collectibles (NFTs)

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Greetings to my esteemed Lions on the LeoFinance ecosystem and the entire hive blockchain. It's another day and time to share with information about the Flow blockchain and how it's the best ecosystem for NFTs production. It's your friend @faquan, saying hello from this part of the world.

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NFTs production and blockchain gamings are acquire the future of the cryptoverse. This is because most people in the cryptoverse are converting their assets into Non-fongible Tokens in to market them to make more profits from them, while blockchain play2earn platforms have given game lovers the ability to earn crypto and also enjoy the usual feelings they had playing videogames.

One thing is to have NFTs in the digital collectibles market another thing is to have a platform that's unique and fast in producing digital collectibles. This is where the idea of Flow blockchain came about and it's here to stay.

What is Flow Blockchain? Flow blockchain is a blockchain developed by the Dappers Lab team behind CryptoKitties.

The team gained notoriety for essentially crashing the Ethereum network with their wildly popular NFT-based game.

With Flow, they have created a blockchain specifically designed to support the creation and distribution of NFTs.

The Flow network is highly scalable, enabling it to handle large volumes of NFT transactions without compromising speed or security.

How is the Flow Blockchain Different from Ethereum NFT-Based Network There's quite a unique difference between Proof-of-Work (PoW) and Proof-of-Stake (PoS) and the difference in-between these variables is what makes the Flow blockchain the best platform for producing digital collectibles.

Unlike traditional proof-of-work (PoW) blockchains like Bitcoin or Ethereum, Flow uses a novel consensus method called Proof-of-Stake (PoS).

This method enables the network to achieve faster transaction times, lower transaction fees and greater scalability than PoW blockchains.

In Proof-of-Stake (PoS), validators are selected based on the amount of cryptocurrency they hold rather than computational power.

This helps them get easy transaction time and low transaction fees rather than Ethereum and Bitcoin that depends on high transaction fees as required by blockchain operating with Proof-of-Work.

What are the Benefits of Flow Blockchain to the NFT-Based Network?

  • one of the benefits of Flow blockchain to the NFT-based games is that it has high performance experience. NFT-based games like NBA Top Shot has high transactions that needs a quicker platform to meet up with such demands and Flow blockchain is known and was built mainly for that purpose. Remember it has low transaction fees also.

  • Developer-friendly. The Flow blockchain is developed with simple programming language that enables users adapt quickly to the system.

  • it has good governance.

For more information about the Flow blockchain visit the link below:

Posted Using LeoFinance Beta