Assets, Ethereum

Is Flow Blockchain Ethereum?

Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference.

Flow is a blockchain created by Dapper Labs, the company behind CryptoKitties and Cheeze Wizards. Flow is designed to be a developer-friendly blockchain that makes it easy to create games, applications, and other digital assets.

NOTE: No, Flow Blockchain is not Ethereum. Flow Blockchain is a separate blockchain platform that is built on its own consensus protocol. It offers its own set of features and capabilities which are not available on the Ethereum platform. Attempting to use Flow Blockchain as if it were Ethereum could lead to unexpected results or unexpected costs.

Flow’s consensus algorithm is based on proof-of-stake, which means that instead of mining, Flow validators stake FLOW tokens to earn rewards for validating transactions.

So, is Flow Blockchain Ethereum? The answer is no. While Flow does use some of the same technologies as Ethereum, it is not a fork of Ethereum and is not compatible with Ethereum smart contracts.

Previous ArticleNext Article