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About Flow (FLOW)
What is Flow (FLOW)?
Flow is a community-controlled, open and fully decentralized blockchain that was designed with decentralization in mind. It has grown increasingly decentralized over time with more than 10,000 developers engaged in building applications on Flow and over 3,000 smart contracts presently deployed on the network. Only a third of the nodes are controlled by a single entity, and a diverse range of teams and projects are building on Flow.
How does Flow (FLOW) Work?
On Flow, nodes are operated by members of the community. Anyone can become a validator by staking FLOW tokens and running a node, thus ensuring that the network remains decentralized. The network is inherently secure due to the separation of concerns, with consensus being separated from transaction execution. This makes the network more resistant to attacks. Flow is designed to scale without sharding, which allows for high throughput and low latency while preserving decentralization. Flow's governance structure prioritizes safety, transparency, and longevity, with a community-led approach to platform maintenance, administration, and growth.
What makes Flow (FLOW) Unique?
Flowdiver provides a comprehensive overview of the Flow network, displaying important details about the distribution of stake across numerous nodes located in different regions. This platform also monitors the network's operational status and efficiency, presenting essential metrics such as uptime for both the network and access nodes, collection and block finalization, transaction execution, sealing metrics, and the consensus leaderboard.
What is the FLOW Token?
Flow is a blockchain based on proof of stake that uses the native token of the chain, FLOW. This token is used to reward staked participants, facilitate transactions within the ecosystem, and cover network fees.
FLOW has multiple critical functions within the Flow network, including staking, rewards, fees, storage deposits, medium of exchange, collateral, and governance. The token is required for validators and delegators to participate in the network and is also used for transaction fees. In addition, FLOW serves as a collateral on DeFi apps and is the principal token for voting on future protocol and ecosystem development.
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Trade FLOW perpetual futures
After having successfully signed up on Bitget and purchased USDT or FLOW tokens, you can start trading derivatives, including FLOW futures and margin trading to increase your income.
The current price of FLOW is $0.3346, with a 24h price change of -3.38%. Traders can profit by either going long or short onFLOW futures.
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Flow Social Data
In the last 24 hours, the social media sentiment score for Flow was 2.1, and the social media sentiment towards Flow price trend was Bearish. The overall Flow social media score was 83,559, which ranks 325 among all cryptocurrencies.
According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,058,120 times, with Flow being mentioned with a frequency ratio of 0.01%, ranking 311 among all cryptocurrencies.
In the last 24 hours, there were a total of 384 unique users discussing Flow, with a total of Flow mentions of 107. However, compared to the previous 24-hour period, the number of unique users increase by 6%, and the total number of mentions has increase by 22%.
On Twitter, there were a total of 9 tweets mentioning Flow in the last 24 hours. Among them, 0% are bullish on Flow, 67% are bearish on Flow, and 33% are neutral on Flow.
On Reddit, there were 1 posts mentioning Flow in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 0% .
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