Flare Ecosystem

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.

Flare

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

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