FlorinCoin (FLO) adopts the Scrypt algorithm of GPU mining. The block generation time is 40 seconds, each block contains 100 coins, 800,000 blocks (about 1 year) are halved, and the difficulty is adjusted every 90 blocks. The total amount of currency is 160 million, an electronic currency that can support transaction messages globally, released on June 17, 2013. FlorinCoin is a new electronic currency optimized and improved on the basis of Litecoin LTC. The name of FlorinCoin is quite connotative. As early as the 13th century, Florin (Florin) was the main currency in circulation in the Mediterranean area. At that time, it was agreed that each Florin coin was a coin made of 3.5 grams of gold.

1. Project introduction

FLO is a digital cryptocurrency for fast transaction processing. Based on the Bitcoin and Litecoin source code, it has been improved in several ways. Additionally, Florincoin has introduced a useful new feature - transaction reviews. These transaction opinions also allow Florincoin to facilitate some unique applications and enhancements within the blockchain.

Project Features

Cryptocurrency is a "value exchange" system, like any real-world currency you're probably familiar with. Its main difference is that it is not controlled by a central government or group and therefore cannot be manipulated or restricted in the way these currencies are. For example, it is possible to buy FLO from a fiat currency exchange and use it to directly purchase products in different countries without paying high exchange rates. FLO uses wallets to store, transfer and receive FLO. This wallet signs each transaction with a unique special private key, which is how the network knows that the address sending the transaction is correct. When first starting to use FLO, the corresponding wallet will generate a private key that will not be given to anyone.

Technical Overview

Blockchain is at the heart of FLO, where all transactions that occur are stored. This digital cryptocurrency is equivalent to a bank ledger, which records all the activities that occur in FLO when it is transferred. The ledger can confirm that new transactions are valid and not fraudulent.

Each block in the blockchain is a record of transactions that occurred since the last block (about 40 seconds). Every computer (node) in the FLO network shares this blockchain. Each node in the network runs the algorithm multiple times on blocks looking for known hard solutions. Often this process is referred to as “proof of work” mining. If a relevant solution is found, it is broadcast to the network. The network then verifies the solution (finding a solution is very difficult, but verifying it is easy), and then uses FLO to compensate miners for their resources to mine blocks.

Landing application

In 2014, a company named Alexandria developed an open source protocol called Open Index Protocol (OIP) on the FLO blockchain, which is used by the FLO blockchain for metadata indexing in file storage, An interoperable transport protocol for distribution and payment. Users can create, upload and access digital content distributed using the Open Indexing Protocol.

tZERO is a subsidiary of Overstock, a US-listed company, focused on the development and commercialization of financial technology (FinTech) based on cryptographically secure distributed ledgers. tZERO has been implementing Digital Locate Receipt (DLR) data on the FLO blockchain to create and record permanent order tracking and accessible digital records for data using the FLO blockchain as an audit A neutral repository for trade history and ensuring the integrity of trade data.

Medici Land Governance (MLG) is also a subsidiary of Overstock, a listed company in the United States. The company mainly uses blockchain technology to build a next-generation land management system. MLG has partnered with OIP to enable land records as well as land registries on top of the FLO blockchain, making them accessible to anyone in the world. At present, land ownership in Zambia, Rwanda, Mexico, Wyoming and other places has been registered on the FLO blockchain. At the end of March 2019, MLG demonstrated the progress made in the FLO blockchain land ownership registration at the World Bank's 2019 Land and Poverty Conference, which attracted the attention of many developing countries.

Caltech is one of the top universities in the world. Caltech's Jensen lab used OIP and FLO blockchain technology to build an electron tomography distributed database (ETDB), which currently stores 11,293 electron tomography datasets such as complete bacteria and ancient cells. Compared with traditional methods, Advantages include wider dissemination of information, elimination of centralized points of failure for data access, and the ability to save significant storage space due to IPFS utilization.

PUBLISH. Inc. Headquartered in South Korea, it is a software service provider of innovative blockchain media protocols and content management systems for digital newspapers. Announced a strategic partnership with Alexandria in March 2019. The two companies will collaborate to develop a new common metadata framework for the Extended Open Index Protocol specification for blockchain news dissemination.

Two. Comment

FLO, the public record for building decentralized applications, introduces a new feature called floData. This metadata layer allows for fast and easy reading and writing to the blockchain, encouraging unique applications and tools to be built using FLO.

Related Links:

https://www.flo.cash/
https://www.chainnews.com/articles/197060656575.htm
http://www.qukuaiwang.com.cn/szhb /2376.html###