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Only 4% of the POW project Flo remains, making it the first major blockchain project to be "dug up"

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FLO (Florin) is one of the 10 oldest cryptocurrencies in existence. It was introduced in June 2013

FLO (Florin) is one of the 10 oldest cryptocurrencies in existence. It was created in June 2013, before ICO. The main feature of this project is that 1040 bytes of data can be stored in each transaction, so some unique applications will appear on FLO.

In the first quarter of this year, the FLO ecosystem performed well. TZERO and Medici Land Governance to OIP are all present in the ecosystem, and we summarize the major developments in FLO in the first quarter of this year.

1. Halve the block reward

On Jan. 9, FLO's mining bonus was cut in half, from 12.5 flos to about 6.25 flos per block. FLO inflation is now down to 3.19% a year and only 12,960 flos are dug up each day. So far, 150,533,986 flos have been excavated out of a total of 160 million flos, or about 94% of flos have been excavated.The next block award will be halved on January 23, 2020

2. Cooperation with tZERO

TZERO has been implementing digital location receipt (DLR) technology on the FLO blockchain. TZERO places the DLR on the FLO blockchain at all times. The DLR technology has been in commercial use before and was valued at $1.5 billion.

3. Trezor will soon support FLO

Trezor will be FLO's first dedicated hardware wallet. The advent of hardware wallets allows users to feel more comfortable holding FLO.

4. Medici Land Governance, inc

On March 25, solstice 29, Medici Land Governance (MLG), a unit of Overstock, registered Land ownership with the FLO block chain. This is not the first time MLG has registered land ownership on the FLO blockchain in Zambia, Rwanda and Mexico.

5. Ravencoin implements OIP support

Ravencoin In the 3 & have spent OIP, a decentralized payment system, was supported at the end of the month. With OIP, RVN can be associated with the FLO blockchain, referring to the transaction ID that has title information on the FLO. That way, the RVN can also have property information.