Blockchain flow project in alliance with Meta

Blockchain flow project in alliance with Meta

Published: 11-10-2022 08:10:00 | By: Bob Koigi | hits: 1825 | Tags:

Technology and software developers maintain a constant evolution in which, many times, software prototypes, networks, databases, and applications have been created that, in one way or another, would cause an impact on society and adaptation to new technologies. You can buy and sell bitcoin with the "bitcoin revolution".

It is the case of Flow, a technology that Meta has adopted. The latter wants to leap into NFTs, whose Facebook and Instagram applications seem ready to get involved with a fast blockchain project created by Dapper Labs.

What is Flow?

This new concept of blockchain technology offers users of social media applications to engage differently with the crypto environment through the use of blockchain platforms that ensure maximum resource utilization.

This blockchain network differs from the rest in its ability to perform multitasking, where functions are performed in an organized manner. Furthermore, unlike the Bitcoin network, which executes commands linearly, it operates with various processes that allow better scalability.

For example, Bitcoin follows a series of processes that are usually cyclical and repetitive; this means that at the time the information is processed, passing through the miners who, through consensus, achieve the creation of the block and then the transmission of the creation of said block over the network.

This process is repeated repeatedly; thus, managing to keep the Bitcoin network active slows down the process and generates problems in terms of scalability due to the amount of time that this process requires.

The Flow blockchain is intended to establish a much faster operation executing several processes simultaneously, which benefits the NFT users using this network.

Through the creation of a protocol that allows different roles to be established within the blockchain network, Flow developers establish a specific objective for each node, which helps operations to be executed simultaneously in a unique way.

Benefits of using Flow

There are many attractive features of this new form of Blockchain network; among the particular benefits offered by this platform is the ability to break down complex operations into smaller parts that can be quickly processed by the nodes and, from there, issue a timely response to the network.

The processes do not require complex mathematical or logarithmic computations as in the case of other networks; this means that any computer equipment with a certain level of power can be used; this makes the operations much more accessible, which allows several to work in multiple nodes and respond quickly to scalability.

On the other hand, the operation of this blockchain is executed under the Proof of Stake (PoS) command, eliminating mining and making electrical energy consumption much more efficient.

The massive use of NFTs is coming.

The alliance between Meta and Dapper Labs is not casual; the latter knows that this platform's creation will benefit decentralized networks, allowing them to be decentralized and much more secure.

The experiences offered by Flow have made large companies in the NFT ecosystem, and everything related to the Internet adopts it, as has YouTube, Mattel, Shopify, and now Meta.

The opportunities offered by Flow in terms of cost reduction, energy consumption, and increased speed, scalability, and reliability have made the project another chance for a network that requires more daily interaction with its users.

Meta's content monetization will involve around 100 countries by now, allowing networks to automatically earn revenue by accessing the content of interest and in a way prepare users for what's to come with the metaverse and the Web3.

Quality content will now be paid for, and it is there where the use of NFTs will have greater adoption; consequently, everyone will try to digitally certify their content to obtain economic benefits from it previously.

The technology used by Flow is presented as a new way of using the blockchain where each node has its function without neglecting the possibility of executing tasks simultaneously, maximizing the use of resources and performance much more effectively and efficiently.

This technology has been in force since 2019, and only until now; Meta is the one who wants to promote it as the decentralized network that will be in charge of taking experiences with NFT digital assets in its applications to another level.

www.btcrevolution.io