Try Quests to earn FLOWGames on Flow
What is Flow ?
Flow is a blockchain network designed to enable transactions that are fast and cheap. The flow blockchain is a competitor to ethereum, another blockchain platform that supports a native currency plus an ecosystem of blockchain-based projects.The flow blockchain was launched in conjunction with Dapper Labs’ NBA Top Shot, a blockchain-based digital collectibles marketplace that specializes in basketball cards. According to Dapper Labs, as of May 2022, the flow blockchain has processed more than 20 million NBA Top Shot transactions worth over $1 billion. Flow was first built as a tool for Dapper Labs’ game developers to meet their own needs, and later launched publicly to support other decentralized applications.The coin supply is not capped, although the inflation rate of FLOW—the annual rate at which new tokens are generated as rewards leading to an increase in supply—is currently limited to 3.75%.source
Special Features of Flow
The flow blockchain was designed to support games and consumer applications, and can potentially process the transactions of millions of active users. Games, collectibles, and related apps can be supported by the flow blockchain. By supporting interaction among smart contracts, the flow blockchain is positioned to allow for a large number of applications on its platform, much like the ethereum blockchain. Flow also claims it is more efficient than other blockchains because the job typically done by each miner—computers that work to verify transactions and maintain the blockchain’s records—is divided across five nodes. Such segmentation, according to Flow, reduces redundancy in the work done by each node and results in faster throughput.source
Web3 Games
Web3 gaming is a process of decentralized gaming where the activities of a gaming ecosystem or a gaming platform, specifically that of the ownership of gaming assets and decision-making in all aspects of gaming, are delegated away from any central authority. Web3 games are built by integrating blockchain into the gaming ecosystem, allowing gamers to express their opinion on when and how the game should evolve. Web3 gaming also lays down the foundation of play-to-earn for players, and it changes the pay-to-play aspect by offering asset trading, tradeable game tokens and opportunities to earn in cryptos while playing. Web3 gaming provides fair virtual markets for the gaming industry, where players can access and fully own in-game digital assets. These assets are stored in the form of gaming NFTs and are distinctive.Web3 gaming also provides wide interoperability among various gaming ecosystems by linking the in-game assets and players across platforms. The interoperability factor depends on the type of blockchain platform one selects for developing a gaming ecosystem. For instance, Polkadot or Solana offers the interoperability feature in cross-chain communication bridges.source
