Earlier this week, T-Systems MMS, a Deutsche Telekom subsidiary, announced it would run an execution node for the Flow blockchain. Games company Dapper Labs, known for CryptoKitties and NBA Top Shot, developed the Flow blockchain.
At the time of the last cryptocurrency boom in 2017, CryptoKitties was so popular it caused scaling issues on Ethereum that resulted in higher transaction costs for all. There are currently similar issues with Ethereum transaction costs, although some dApps are using ‘layer 2’ scaling to reduce the impact.
In part due to the CryptoKitties experience, Dapper Labs concluded it needed to create another blockchain protocol that isn’t just scalable but also removes the technical complexities for mainstream users. Given that Dapper Labs has partnerships with Dr Seuss Enterprises, the NBA, UFC, and Ubisoft and Warner Music, simplicity is a core requirement. It also includes not forcing users to invest in volatile cryptocurrencies, and as a result, Flow integrated the USDC stablecoin.
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