floblockchain / faq

Community driven FAQ

FLO - FAQ

Community driven FAQ for the FLO blockchain project - send us a pull request with questions or answers!

Q. When was FLO created and launched?

last update: May 31st 2019
A. FLO was created and launched in 2013. It is one of the oldest surviving cyrptocurrencities. Its genesis block was mined on June 17, 2013. FLO was originally named Florincoin on launch but later re-branded to just FLO.

Q. I've heard FLO was established via a "fair launch." What does that mean?

last update: May 31st 2019
A. A "fair launch" means there was no ICO, no premine, and no founders’ reward.

Q. Why FLO?

last update: May 31st 2019
A. FLO is used by individuals, corporations, and public entities for a variety of reasons:

1. floData is accessible and easy to read. You don't need to decompile a smart contract or have a special software to read it. It's in plaintext on the chain. This helps with auditing and explaining how it works to regulators. Any extra steps are a barrier to adoption.

2. floData is easy to write. It is appended to the blockchain using a simple RPC command. This makes maintaining the software around the solution less costly.

3. FLO is a fairly launched blockchain with no premine or ICO. Again, this helps for practical regulatory reasons, but also is a philosophical choice made by those who maintain the software. It guides the decision making for our software and also allows those implementing it to check off a box they couldn't check using another chain without those features.

4. FLO is secured by proof of work. This is arguably the best security a network can get, requiring actual buy in of physical devices and constant operational cost in both manpower and electric power.

5. FLO has open source software built on top of it (OIP) that can be used for building more advanced applications (this is how etdb.caltech.edu became a thing).

6. FLO transactions are cheap and fast. This will always be the case - we will likely increase block size as the network grows.

7. FLO's main use-case is floData, unlike other chains who support complex smart contract languages and operations unrelated to storing data. Sometimes it's best to use a tool that's meant to perform best at a single job rather than bringing around a Swiss army knife and using it for only 1 of its functions.

Q. Who is using FLO?

last update: May 31st 2019
A. FLO is used daily by many individuals and several enterprises including Medici Land Governance (to store land title registry data), Caltech (to store electron tomography data), tZERO (to store Digital Locate Receipt (DLR) data), and Alexandria (to assign and mange contents licensing).

Q. Does FLO have an establish community?

last update: May 31st 2019
A. Yes. The FLO community can be found here:

• Telegram
• Twitter
• Reddit
• Discord
• Facebook
• Youtube
• Medium

Why is Alexandria not up yet?

last update: none

How many dapps is running on FLO?

last update: none