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Dapper Labs: Flow Blockchain is Now Controlled by Community
Summary: Dapper Labs’ Flow blockchain is one of the most prominent networks in the rising NFT market. Now, a Dapper representative tells Decrypt that the Flow is “fully open and controlled by the community,” with the firm running less than one-third of the active consensus nodes that maintain the proof-of-stake network. The company claims that 68% ...
Dapper Labs’ Flow blockchain is one of the most prominent networks in the rising NFT market. Now, a Dapper representative tells Decrypt that the Flow is “fully open and controlled by the community,” with the firm running less than one-third of the active consensus nodes that maintain the proof-of-stake network. The company claims that 68% of nodes are now operated by external Flow validators.
A proof-of-stake network like Flow operates differently from the proof-of-work approach used by Bitcoin and Ethereum. Rather than use an energy-intensive mining model, Flow relies on validators who have staked a significant chunk of FLOW tokens and then earn rewards for processing transactions.
By Amy Liu
Tags: Blockchain,Dapper Labs,Flow,NFT
Link: Dapper Labs: Flow Blockchain is Now Controlled by Community [Copy]
