The increase in flow: how this new cryptocurrency is affecting the market

In recent years, the world of cryptocurrency has suffered a significant transformation. With the increase in Bitcoin and Ethereum, the market capitalization of cryptocurrencies such as these has grown exponentially. A new player who has recently caught attention is Flow (Flow), a decentralized blockchain platform that aims to revolutionize the way we think about money. In this article, we will analyze the impact of the flow on market capitalization.

What is the flow?

The flow is an open source blockchain platform without permission designed for rapid and low -cost transactions processing. The platform is built on cosmos block chain technology and allows users to create their own block chains with a high degree of customization. One of the key features that establish that they flow from other blockchain platforms is its ability to use a unique consensus algorithm called Work Test (POW), but in this case use something like the tolerance of Byzantine failures.

Market capitalization analysis

In 2021, the market capitalization of cryptocurrencies such as Bitcoin and Ethereum exceeded $ 2 billion. However, with the increase in flow, market capitalization has changed significantly towards other blockchain platforms.

According to a recent Cryptoslate report, the total market capitalization of cryptocurrencies in the Binance Smart chain (BSC) exceeded the flow in the third quarter of 2021, reaching more than $ 2.5 billion compared to the $ 700 million Bloom . This suggests that the flow is gaining significant traction and can be a challenge for other blockchain platforms such as Bloom.

Why does the flow attract investors?

There are several reasons why Flow is attracting investors:

• Low transaction rates : The native cryptocurrency of the flow, the flow, has extremely low transaction rates compared to other cryptocurrencies in the market.

• High scalability consensus algorithm : The Exnsus Algorithm of Byzantine Failures of the Platform (BFT) allows rapid and low -cost transactions, which makes it an attractive option for users who need processing power high speed.

• Intelligent contract capabilities : FLW’s intelligent contract functionality allows developers to create personalized applications that can interact with the block chain in an innovative way.

MARKET TRENDS

The increase in flow has also led to a series of market trends:

• Increased adoption : Flow growth is promoting greater adoption in various industries, including games, finance and logistics.

• Bloom competition : As mentioned above, the total market capitalization of cryptocurrencies in the BSC exceeded the flow in the third quarter of 2021, indicating a competitive panorama for other blockchain platforms such as Bloom .

• Potential for conventional adoption : The growing popularity of the flow could lead to conventional adoption, as more companies and consumers realize their benefits.

Conclusion

In conclusion, the increase in the flow has significantly impacted cryptocurrency market capitalization. With its low transaction rates, high scalability, intelligent contract capabilities and the adoption of the increase in various industries, the flow is an attractive option for investors and users equally. As we continue to see the growth of blockchain technology, it is clear that the flow will play an important role in the configuration of the future of cryptocurrency.

References:

• Cryptoslate: “Binance’s smart chain surpasses Ethereum as a greater capitalization of the cryptocurrency market”

• CoinmarketCap: “Capitalization of flow market (flow)”

• Blocktv News: “Flow: The next big thing in the cryptocurrency?”

Note: This article is only for informative purposes and investment advice should not be considered. Always do your own research before investing in any cryptocurrency or blockchain project.