FLO FLO

$0.0540
Market Cap $ 8.071 MM (#294)
24h Volume $ 109.883 K
Chg. 24h: 17.47%
Algo. score 3.1/5  (#472)
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FLO project purpose and description

FLO clarity of purpose

FLO purpose and aspects

FLO is a Nakamoto consensus cryptocurrency allowing anyone to append metadata to the blockchain. FLO coins are needed to pay for storage, and participants are awarded FLO in exchange for their work securing and distributing information. FLO is used to send payments and store data. This encourages building blockchain applications because anyone has the ability to write data into FLO quickly and read it easily. FLO was fairly launched in 2013 with no pre-mine or ICO, and is a community-driven, decentralized, open-source initiative. Many decentralized applications have been built on FLO because of the reliability of the proof-of-work network in combination with the permissionless read and write data field called ​floData.​

FLO additional differentiation against competition

n/a

FLO categories

Digital currencyData storageMining

Short description

FLO is a public record for building decentralized applications that introduces a new feature called floData. This metadata layer allows reading and writing to the blockchain quickly and easily, encouraging unique apps and tools to be built with FLO.

Abstract

FLO is a scrypt minable crypto-currency with quick transaction processing. It is based on the Bitcoin and Litecoin source code, with improvements in several areas. Florincoin also introduces a useful new feature - transaction comments. These transaction comments enable Florincoin to facilitate a number of unique applications and enhancements within the blockchain.

Link to Roadmap: https://www.flo.cash/roadmap.html
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