What is Flow?
Flow is a fast, decentralised, blockchain created for developers. Designed to create a new generation of games, apps, and the digital assets that power them.
Presently, Flow is the only blockchain that builds usability improvements into the protocol layer.
Top developers and some of the world's largest brands like Warner Music, Ubisoft and UFC are already building on Flow, enabling completely new experiences with top-tier content.
Heard of blockchains like CryptoKitties, Dapper Wallet, and NBA Top Shot?
The same team that has delivered these well known blockchains also created Flow, the only layer-one blockchain.
What makes Flow different?
While many blockchains operate in a relatively similar way, Flow goes against the grain by creating many subdivisions of its network to allow for the total work to be split across nodes, with each node only validating a subset of the transactions.
Flow’s multi-node, multi-role architecture enhances speed and throughput, making the Flow ecosystem highly efficient and scalable and divides the validation stages of a transaction.
FLOW is the native token used within the Flow ecosystem. FLOW powers the Flow blockchain and enables validators, developers and users to participate in the Flow network and earn rewards. FLOW is also used as payment of gas fees, and gives holders a say in the protocol governance.
What is Klaytn?
Klaytn is a public blockchain platform which aims to bring blockchain technology to all types of users, from micro startups to enterprise divisions.
The platform rapidly attracted more than 40 Initial Service Partners (ISPs) covering a broad spectrum of industries and use cases ranging from entertainment and e-commerce to healthcare and finance.
Klatyn also adopts the same virtual machine as Ethereum, functioning at a faster pace – processing 4,000 transactions in one second, boasting transaction fees that are one-tenth of Ethereum’s.
What makes Klatyn different?
The platform combines the best features of public blockchains (decentralized data and control, distributed governance) and private blockchains (low latency, high scalability) via a 'hybrid' design.
On top of that, transaction fees are fixed, ultimately solving one of the major concerns for blockchain adoption at enterprise level.
KLAY is the native token used as the utility token on the Klaytn blockchain for transactions as well as other blockchain applications on the network.
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All opinions expressed here by Coinhako.com are intended for educational purposes, taken from the research and experiences of the writers of the platform, and should not be taken as investment or financial advice.