Thursday, June 10, 2021

Flare Network | Bringing Turing complete smart contracts to each integrated chain | The Flare Network is a distributed network running the Avalanche consensus protocol adapted to Federated Byzantine Agreement and leveraging the Ethereum Virtual Machine. It can thus be leveraged as a scaling method for smart contract networks without relying on economic safety mechanisms. The absence of a link between network safety and the native token, the Spark, allows for greater flexibility as to how the native token can be used. The Spark Dependant Application model provides a blueprint for building applications on the Flare Network. This relies on three components: Spark used as collateral, Spark used to contribute to the Flare Time Series Oracle providing on-chain data estimates and Spark used as a participation token in governance schemes.

Flare: Unleashing Value.

Flare Network | Bringing Turing complete smart contracts to each integrated chain | The Flare Network is a distributed network running the Avalanche consensus protocol adapted to Federated Byzantine Agreement and leveraging the Ethereum Virtual Machine. It can thus be leveraged as a scaling method for smart contract networks without relying on economic safety mechanisms. The absence of a link between network safety and the native token, the Spark, allows for greater flexibility as to how the native token can be used. The Spark Dependant Application model provides a blueprint for building applications on the Flare Network. This relies on three components: Spark used as collateral, Spark used to contribute to the Flare Time Series Oracle providing on-chain data estimates and Spark used as a participation token in governance schemes.

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