FLO is a proof-of-work cryptocurrency developed to record data (metadata/floData) on a decentralized, permission-less blockchain.
FLO is in its seventh year of growth and development. It launched in 2013 as a Litecoin fork and was established to be decentralized, secure, fast and efficient. FLO's blockchain structure is directly inherited from Bitcoin's UTXO model and its security is also provided from Proof of Work. FLO was created with no pre-mine, no ICO, no master-nodes, no airdrops, and no dev-fund. It was launched fairly to all participating miners and continues to maintain this core ethos of true decentralization. As a result, its community has driven its development since its inception and continues to do so to this day.
FLO features a unique metadata layer, floData, that allows efficient storage of information that can be used to read and write data on the FLO Blockchain. With floData, users can easily attach up to 1040 bytes to any transaction and store it permanently and immutably on the FLO Blockchain. FLO, when combined with its supporting metadata library, the Open Index Protocol (“OIP”), offers a new standard for defining, indexing, publishing, time-stamping, updating, sharing, viewing, claiming, and monetizing ownership of any digital content using the FLO Blockchain as a public record.
FLO is used by a growing number of large corporations, public institutions, and blockchain startups. With each day, more and more developers are using floData to immutably record public land records, stock market data from Wall Street, electron microscopy data from scientists, and other content from a variety of digital publishers. These real-world uses cases will continue to expand as creative developers continue to utilize floData in increasingly imaginative ways.
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