What is Flare?

In the dynamic realm of blockchain technology, Flare emerges as a groundbreaking EVM-based layer 1, poised to revolutionize the landscape by enhancing the functionality of decentralized applications (dapps). How? By granting developers decentralized access to high-integrity data from various chains and the internet, Flare opens up a realm of new possibilities, use cases, and monetization models. This article delves into the intricacies of Flare, exploring its native interoperability protocols and how they usher in a new era of secure, decentralized data acquisition.

Flare's Vision:

At the core of Flare's mission is the aspiration to empower developers with the ability to seamlessly tap into reliable data from different sources while minimizing risks for both users and developers. This vision is materialized through two innovative interoperability protocols, each designed to facilitate on-chain, decentralized acquisition of blockchain, time series, and Web2 API data.

The State Connector:

Picture a secure gateway that bridges Flare with the vast universe of blockchain and internet data. Enter the State Connector, a robust protocol that securely acquires event information from external blockchains and the internet, ready to be integrated into smart contracts on Flare. What sets it apart is its decentralized nature, ensuring scalability and security. Independent attestation providers play a pivotal role, requiring consensus on the validity of an event before the information becomes accessible to dapps on the Flare network.

Flare Time Series Oracle (FTSO):

Now, imagine a decentralized oracle harnessing the power of Flare's network structure to deliver highly decentralized prices and data series to dapps. This is the Flare Time Series Oracle (FTSO) in action. By eliminating reliance on centralized data providers, FTSO ensures a robust and trustless environment for developers to access cryptocurrency prices, detailed transaction information from other chains, and Web2 event data.

Unlocking Development Potential:

Flare's unique approach unlocks a realm of possibilities for developers. With reliable access to cryptocurrency prices and a wealth of information from diverse sources, developers can create applications that offer enhanced utility to a broader user base. The ability to serve multiple chains through a single deployment streamlines the development process and fosters a more interconnected blockchain ecosystem.

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