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    Apr 17, 2024 - Flow is a blockchain network designed to support NFT collectibles and decentralized games. Dapper Labs, the creator of Flow, realized in 2017 that the current generation of blockchains can’t handle the swiftly increasing demand for Non-fungible tokens (NFTs). Ethereum is the leading blockchain network that supports NFT collectibles but it only handles a limited amount of transactions at a time. That’s why the Ethereum blockchain halted in 2017 when CryptoKitties (Created by Dapper Labs), one of the first NFT projects, was launched on this network. Dapper Labs decided to create its own blockchain network rather than waiting for Ethereum’s update. What is FLOW? Flow is a decentralized network designed for decentralized apps like NFT marketplaces and large-scale decentralized games. It solves the scalability issue without involving any sharding techniques. Unlike other blockchain networks, it can quickly complete transactions with a very low transaction fee. Thus, it proves to be a great choice for NFT collectibles and decentralized games. Flow solves a few bigger problems found in major blockchain networks. Improved Scalability Ethereum is the most popular platform that can host NFT collectibles. But it can’t handle large-scale projects because it can only process 12-15 transactions per second. Flow, on the other hand, can process 1,000 transactions per second. And after the next update, it will have the ability to complete 10,000 transactions per second. Another benefit of the Flow network is that it uses a Proof-of-Stake consensus mechanism to complete the transaction process securely. Thus, it adds new blocks to the network faster than other networks. Reduced Costs The transaction fee on the Ethereum blockchain can be as high as $20 depending on the network’s availability. Flow only charges 0.000001 Flow tokens as a transaction fee. The users also need to pay 0.001 FLOW tokens for account creation. Still, its overall fee is a lot less than Ethereum. Flexibility The Ethereum users can’t make any changes to the smart contract once it’s executed. Flow enables users to introduce the beta version of the smart contract before it’s completely executed. The smart contract authors can update the code with time. The participants can continue working while the code is being updated. However, if the authors have locked the smart contract, they won’t be able to change it at all.