Try Quests to earn SOLFlow vs Other L1s Pt (II)
Project : Flow
Bounty Name : Flow vs Other L1s Pt (II)
Question: How does Flow compare to other L1s in terms of user retention? Is a user who made a transaction previously likely to make another transaction a week or a month later? Compare and contrast this type of activity vs other L1s like Solana and Ethereum.
Date of analysis : 2022-07-17
What is Flow Blockchain?
Flow is basically a decentralized, fast, and developer-centric blockchain tailored for encouraging the growth of a completely new assortment of apps, games, and digital assets. Flow blockchain utilizes a distinct, multi-role architecture that focuses on the inherent benefit of scaling without sharding. Therefore, it can enable considerable advantages by improving throughput and speed while maintaining ACID compliance and a developer-friendly environment. Flow is an ideal instrument for developers to create profitable crypto and crypto-based businesses.
The applications on Flow could also help consumers take control of their individual data. At the same time, Flow also helps in creating completely new variants of digital assets, which you can trade on open marketplaces which are accessible from any location in the world. Another important aspect in the answers to ‘what is Flow blockchain’ is directly evident in its capabilities for enabling the development of open economies under the ownership of users, which add further value.
You can assemble smart contracts on Flow blockchain just like you would join Lego blocks together. Flow blockchain helps in creating and powering apps, which cater to the needs of billions of people as well as enterprises with mission-specific requirements. source
The increase in the number of transactions will measure the health of the network, and if its health is confirmed, users will be more interested in that network. Ethereum and solana have almost the same number of transactions but Ethereum success rate of transactions much more than solana and it show Ethereum network is very powerful. Flow compared to these two networks has fewer transactions but it has stable network and it has good success rate.The high amount of successful transactions shows us that users are interested in this network after seeing it
Conclusion
Flow network has good success rate transactions and this increases the popularity of this network. Return rate of users of flow is less than the other two networks but flow has one important positive point and it is users transactions, more than 88% of Flow users registered more than one transaction and this is very positive point.
