Flare is a layer-1 EVM blockchain that has 2 core protocols, the State Connector and Flare Time Series Oracle (FTSO). These protocols allow developers to create an ecosystem of robust and decentralized interoperability applications.Key features of Flare:<ul><li>Reliable decentralized prices. The FTSO utilizes the network structure to deliver highly decentralized prices and data series to dapps on Flare, without relying on centralized providers</li><li>Secure state acquisition from other blockchains. The State Connector allows information from other chains to be securely and trustlessly used on Flare</li><li>Scalable EVM-based smart contracts. Flare’s scalable EVM allows existing EVM tooling and Solidity to be used to launch any existing or envisaged EVM dapp on Flare</li><li>Fast, low fee and low carbon. Flare’s next generation technology brings fast, secure and efficient transactions with very low gas fees and a small carbon footprint.</li></ul>Flare (FLR) is the network token and will provide support for several functions:<ul><li>Incentivized delegation to the Flare Time Series Oracle (FTSO) to support the provision of reliable decentralized price data</li><li>Collateral within third party decentralized applications built on Flare blockchains (cross-chain or solely native)</li><li>Participation within network governance</li><li>Transaction fees in order to prevent spam attacks.</li></ul>58.3% of the genesis Flare supply is allocated to the community via:<ul><li>The public token distribution</li><li>Cross-chain incentives</li><li>The Ecosystem Support Program.</li></ul>

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Dubbed a layer-1 network for data, Flare supports the creation of smart contract protocols and focuses on pricing oracles, which relay asset prices to and from various decentralized finance (DeFi) applications.

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Flare is a layer-1 EVM blockchain that allows developers to create an ecosystem of robust and decentralized interoperability applications

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