Flow is a decentralized, fast, and developer-friendly blockchain designed to accelerate the growth of a new class of apps, games, and digital collectibles. Each platform feature was plotted from the ground up to provide exceptional experiences at the mainstream level. Initially developed by Dapper Labs, Flow is backed and built by a vibrant community of brands and developers.

It leverages a discrete, multi-role design focused on the intrinsic advantages of scaling without sharding (splitting a blockchain into smaller bits to distribute its computational and storage workload). The design brings multiple benefits to the Flow blockchain by increasing throughput and speed while maintaining Atomicity, Consistency, Isolation, and Durability (ACID) compliance and a developer-centric environment. Moreover, Flow is an ideal tool for developers to build revolutionary crypto-based projects.

Furthermore, Flow can help crypto users to control their data. Its consumer-friendly features are essential in inventing novel variants of NFTs and games, which you can trade on various NFT markets. Flow can also stir the creation of open economies under the control of users, adding more value. You can deploy smart contracts on Flow like you would join Lego blocks. As such, Flow is essential in developing and powering dApps, which solve the needs of billions of people globally and businesses with blockchain-based needs. Data from : coingecko

As a decentralized network, Flow charges users – or the apps they’re using – for services on a per-action basis, similar to the way Amazon Lambda charges for processing power today. ‍ There are two types of fees on the Flow network:

• Processing fees cover the fees for a transaction to be submitted and included in a block.

• Computation fees are added for more complex operations that require computation beyond updating balances.

Especially in the early days of the network, transaction fees will be low, starting at 0.001 FLOW, or 1 mF (milli FLOW).

Data from : flow