FLO (FLO) is a fair-launch cryptocurrency mined using the scrypt proof-of-work algorithm. This coin stems from the initial code of Litecoin and Bitcoin but also has some enhancements. FLO is a public record that is used to create decentralized applications. Another advantage of FLO is the fast process of the transaction (40 sec). It also has a unique feature - floData. This metadata layer makes it fast and easy to read and write comments on transactions, thereby allowing FLO to leverage a range of unique applications and improvements on the blockchain.
Since the inception of FLO in 2013, the main goal of the development team has been to create decentralized open-source software and support the blockchain. It was done in order to make virtual space public and free for the whole world.
In the history of the FLO project evolution, 2018 was a very productive year for the development team. During this time, they were busy with the intensive internal development of the OIP (Open Index Protocol). As a decentralized data index, OIP enables digital content to be monetized on the blockchain.
Many interesting projects have been developed with OIP. One of the most captivating of them is the Alexandria browser based on FLO and OIP. It will help content creators to connect directly with users without intermediaries such as YouTube, Spotify, iTunes, etc. With this browser, creators can upload their works, set prices for them, and receive immediate payment in various currencies.
We hope this coin piqued your interest after checking it out. If you want to become an owner of FLO, we will be glad to help you with it. All you have to do is go to the SimpleSwap homepage and follow the instructions below:
Thank you for your attention, now you know everything you need about the FLO coin!
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