flow increase: how this new cryptocurrency affects the market
In recent years, the world of cryptocurrency has been significantly transformed. With the increase in Bitcoin and Ethereum, the market capitalization of such cryptocurrencies increased exponentially. One of the new players who has recently noticed is Flow (Flow), a decentralized blockchain platform, which aims to revolutionize the way of thinking about money. In this article, we will analyze the impact of flow on market capitalization.
What is flow?
Flow is a blockchain platform with blockchain open source designed for quick and cheap transaction processing. The platform is built on the COSMOS block chain technology and allows users to create their own locks with a high degree of adjustment. One of the key functions that distinguish from other blockchain platforms is its ability to use a unique consensus algorithm called proof-of-of-work (POW), but in this case he uses something like Byzantine error tolerance.
Market capitalization analysis
In 2021, the market capitalization of cryptocurrencies such as Bitcoin and Ethereum exceeded $ 2 trillion. However, as the market flow increases, market capitalization has changed significantly towards other blockchain platforms.
According to the last Cryptoslate report, the total market capitalization of cryptocurrencies in Binance Smart Chain (BSC) exceeded the flow in Q3 2021, reaching over $ 2.5 trillion compared to $ 700 million Bloom. This suggests that the flow gains significant grip and can be difficult for other blockchain platforms, such as Bloom to match.
Why does flow attract investors?
There are several reasons why Flow attracts investors:
1.
- High scalability : The consensus algorithm of the Byzantine platform (BFT) allows for quick and cheap transactions, which makes it an attractive option for users in need of fast processing power.
3.
market trends
An increase in flow has also led to a number of market trends:
- Increased adoption : flow increase increases in various industries, including games, finance and logistics.
2.
3.
Application
To sum up, the increase in flow significantly affected the market capitalization of cryptocurrencies. Thanks to low transaction fees, high scalability, intelligent contracting capabilities and growing party in various industries, Flow is an attractive option for investors and users. Due to the fact that we are developing blockchain technology, it is clear that flow will play an important role in shaping the future of cryptocurrency.
references:
- Kryptozonate: “Binance Smart Chain exceeds Ethereum as the greatest capitalization of the cryptocurrency market”
- Coinmarketcap: “Flow (flow) market capitalization”
- BLOCKTV News: “Flow: Another great thing in cryptocurrency?”
Note: This article only applies to information purposes and should not be considered as investment advice. Always conduct your own research before investing in any cryptocurrency or blockchain project.