In this issue of Coin Metrics’ State of the Network, we explore the Flow blockchain, examining its unique features, the implications of the Crescendo upgrade, and network data metrics to assess the adoption of its application ecosystem.
Key takeaways:
- Flow is a Layer-1 blockchain designed for scalable and consumer-friendly applications, utilizing a multi-role architecture and the Cadence programming language.
- The recent Crescendo upgrade brought full EVM compatibility to Flow, expanding its ecosystem to Ethereum-compatible smart contracts and leveraging existing EVM tooling and applications to complement its native capabilities.
- Flow has gained adoption in the digital collectibles space, hosting applications like NBA Top Shot and NFL All Day, while maintaining extremely low transaction fees and fast block times.
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