/biz/ - Business & Finance

Joseph Fiscella:
Pinning the dev team response to the question asked by Cor Mc, who asked: "I'm still kind of trying to wrap my head around the tZero connection. Do people anticipate that tZero will actually continue to use FLO indefinitely? or is this just being used for testing functions? I just can't figure out why they would use FLO over some of the more advanced new chains developing."

FLO dev team response:
Bitspill: FLO is out now and works, versus these new chains "developing"

Joseph Fiscella:
It's for a number 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).