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A permissionless layer 1 blockchain for mainstream apps. Flow is a fast, decentralized, and developer-friendly blockchain designed to be the foundation for a new generation of games, apps, and digital assets that power them.
Multi-Role architecture-
The Flow architecture is founded on the principle of ‘separation of concerns’. The network has specialized roles: Consensus Nodes and Execution Nodes.
Consensus node- Consensus Nodes form blocks from transaction data digests. Essentially, Consensus Nodes maintain and extend the core Flow blockchain. transaction data digests. Essentially, it maintains and extends the core Flow blockchain. An agreement to accept a proposed block needs to be reached by many nodes which requires a Byzantine-Fault-Tolerant (BFT) consensus algorithm [5]. Consensus Nodes determine the relative time order of events through a BFT consensus algorithm.
Execution Nodes provide the raw computational power needed to determine the result of the transactions when executed in the order determined by the Consensus Nodes. Specifically, Execution Nodes perform the heavy computation of all transactions in a block.
Specialized Proof of Confidential Knowledge(SPoCK)
A Specialized Proof of Confidential Knowledge (SPoCK) is a personalized commitment to a secret. It allows any number of provers to demonstrate that they have the same confidential knowledge(secretζ). SPoCKs allow any number of provers to demonstrate to a third-party observer that they each have access to the same confidential knowledge
Using SPoCK, nodes can provide evidence to a third party that they both executed the same transaction sequence without revealing the resulting execution trace.
This scheme presents a scenario where a private key is still secret, but the message is secret too.
NFT Support - Flowty is a platform on the Flow blockchain that allows users to buy, sell, borrow, lend, and rent their NFT.
Flow features
Transaction per second(TPS)- 1000 tps
Block time- 1 second
Programming language- Flow uses a new programming language called Cadence. Cadence is a resource-oriented programming language that introduces new features to smart contract programming that help developers ensure that their code is safe, secure, clear, and approachable
FLOWUSD surged more than 55% in the past three weeks.It hit a high of $0.730 and is currently trading around $0.683.
The bullish invalidation can happen if the pair closes below $0.45. On the lower side, the near-term support is $0.60. Any break below targets $0.50/$0.40. Any breach below $0.40 targets $0.30.
The immediate resistance stands at around $0.75. Any breach above confirms bullish continuation. A jump to $1/$1.29/$1.66 is possible. A surge past $1.66 will take it to $2.05.
It is good to buy on dips around $0.55 with SL around $0.45 for TP of $1.66.
