Increase in flow: since this new cryptocurrency affects the market
In recent years, the world of cryptocurrencies has undergone a significant transformation. As Bitcoin and Ethereum increase, cryptocurrency market capitalization like these has increased exponentially. A new player who recently attracted attention is Flow (Flow), a decentralized blockchain platform aimed at revolutionizing the way we think about money. In this article, we will analyze the impact of the flow on market capitalization.
What is the flow?
The flow is an open source, without permission for a blockchain platform for quick and cheap transactions. The platform is designed above the technology of the space block chain and allows users to create their own blockchain with a high level of customization. One of the main features that determine the flow from other blockchain platforms is the ability to use a unique consent algorithm called proof of work (POW), but in this case it uses something like Byzantine damage tolerance.
Analysis of market capitalization
In 2021, the market capitalization of cryptocurrencies, such as Bitcoin and Ethereum, exceeded $ 2 trillion. However, as the flow increases, market capitalization has changed significantly on other blockchain platforms.
According to a recent cryptous ratio, the capitalization of the total market of the cryptocurrency on the Smart Binance chain has exceeded the flow of flow in the 3rd quarter of 2021, reaching over $ 2.5 trillions compared to $ 700 million Blum. This suggests that the flow is significantly traction and can be demanding for other blockchain platforms, such as Bluma to combine.
Why do the flow attract investors?
There are several reasons why the flow attracts investors:
1
Low transaction commissions : local cryptocurrency flow, the flow is an extremely low transaction commission compared to other market cryptocurrencies.
2
High scalability : plane algorithm for Byzantine damage platform (BFT) allows you to make rapid and economic transactions, making it an interesting option for users who need a high -speed processing capacity.
3
Intelligent contractual options : Intelligent contractual functionality flow allows developers to create personalized applications capable of interacting with the blockchain in innovative ways.
MARKET TENDENSES
The growth of the flow also caused several market trends:
- Increase in acceptance
: flow growth increases acceptance in various sectors including games, finances and logistics.
2
3
The potential of conventional adoption : the growing flow of flow could potentially lead to general adoption since more and more companies and consumers learn its benefits.
Conclusion
In conclusion, the increase in the flow has significantly influenced the capitalization of cryptocurrencies. With low transaction commissions, high scalability, intelligent contractual capacity and an increase in acceptance in different sectors, the flow is an interesting option for both investors and users. While we continue to see the growth of Blockchain technology, it is clear that the flow will play an important role in the future creation of cryptocurrency.
References:
- Cryptoslate: “Binance Smart Chain overcomes Ethereum as the greatest capitalization of cryptocurrency”
- Coinmarketcap: “Flow (Flow) Market Capitalization”
- Blocktv News: “Flow: the next big thing in cryptocurrency?”
Note: This article is only for information purposes and should not be considered as investment advice. Before investing in any cryptocurrency or blockchain project, always do your searches.