Alleged SEC Securities, Smart Contract Platform, Sports, NFT, Layer 1 (L1)
Flow is a blockchain-based platform created by Dapper Labs, the company behind CryptoKitties.
It is designed to be a developer-friendly platform for creating decentralized applications (dApps) and digital assets. Flow is powered by a new consensus algorithm called "Proof of Stake" which allows users to stake their tokens in order to secure the network and earn rewards. The platform also features a virtual machine that allows developers to write smart contracts in any language, as well as a decentralized storage system for data.
Flow also has its own native token, FLOW, which can be used to pay for transaction fees and access certain features on the platform. Additionally, Flow supports interoperability with other blockchains such as Ethereum and Bitcoin, allowing developers to easily create dApps that span multiple blockchains.