Whitepapers FLO White Paper Explained Summary

FLO White Paper Explained Summary

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FLO White Paper

Summary:

– FLO is a scrypt minable crypto-currency with quick transaction processing.
– FLO is based on the Bitcoin and Litecoin source code, with improvements in several areas.
– FLO also introduces a useful new feature – transaction comments.
– FLO is used to send payments and store data.
– FLO was fairly launched in 2013 with no pre-mine or ICO, and is a community-driven, decentralized, open-source initiative.

Explained – FLO White Paper. Learn in depth about differnet coins on the blockchain by understanding whitepapers.

There is a lot to learn about this futuristic tech, lets get started to dive into the FLO white paper and start to leverage it to build a more secure and trusted ecosystem for Industry 4.0 applications.

We will deep dive into how the coin works by understanding the whitepaper and its summary. FLO (FLO).

Lets understand FLO (FLO) after going through the FLO white paper.

Without wasting any further time lets get started to dive right in and lets understand white paper first.

What is white paper?

A white paper is an informational, influential, well-structured document, usually published by an organization, to provide in-depth information about a specific solution.

A white paper is used to provide a good insight into the challenges for a specific problem and a proposed solution for the same.

FLO White Paper

FLO white paper will be going to provide you, all the information that is needed to get started with FLO (FLO), including the inspiration for creating, the problem it is trying to solve and the solution proposed by FLO (FLO).

Introduction

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.

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.”

White Paper Link: FLO (FLO) White Paper

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