Hello and welcome to this blog post about Flow Protocol FLOW White Paper. I am very excited to know that you are interested in this amazing technology, you will be going to amazed by the incredible potential of the blockchain.
There is a lot to learn about this futuristic tech, lets get started to dive into the Flow Protocol FLOW white paper and start to leverage it to build a more secure and trusted ecosystem for Industry 4.0 applications.
The aim of this blog post is to help you quickly understand about the philosophy behind the Flow Protocol FLOW.
I can ensue you that, you will be able to understand every bits and pieces related to Flow Protocol FLOW after going through the Flow Protocol FLOW 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.
Flow Protocol FLOW White Paper
Flow Protocol FLOW white paper will be going to provide you, all the information that is needed to get started with Flow Protocol FLOW, including the inspiration for creating, the problem it is trying to solve and the solution proposed by Flow Protocol FLOW.
Flow is a new blockchain built for the next generation of apps, games, and the digital assets that power them.
The architecture of Flow is specified in a series of Technical Papers which explain the many nuances of the system. Technical Papers 1 & 3 have been released first because they are the most critical to understand and assess the soundness of the system while also including the results most applicable to other projects.
The first paper describes the approach at the core of the Flow architecture: splitting consensus (selection and ordering of transactions) from compute (executing each transaction and recording its output) and proves this can dramatically increase throughput without compromising security. In this first paper we analyze how the Flow architecture increases performance, preserves ACID guarantees, and prove that it does not compromise security. The result is a throughput increase by a factor of 56 compared to conventional architectures without loss of safety or decentralization. The paper also notes that a working system based on these ideas must verify the computation (the subject of technical paper 3), but that its key result is applicable regardless of how that problem is addressed.
The second in the series of technical papers formalizes the process of block formation and the Proof of Stake based consensus process in Flow. Flow adapts a variant of the HotStuff consensus algorithm for Consensus Nodes to come to consensus on the blocks they will honor at every block height. This paper also addresses the Consensus role’s responsibility in mitigating challenges submitted to the network.
The third technical paper answers questions posed by the first whitepaper around the verification of computation results. The paper provides a formalization of our verifiable computation scheme with proofs of safety and liveness under reasonable Byzantine assumptions. Although the paper does not explore the possibility, we believe this result could be adapted to other scenarios where Bulletproofs, TrueBit, TEEs, and other verifiable computation schemes are applicable.
White Paper Link: Flow Protocol FLOW White Paper
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