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Flare Network (Spark) Ecosystem

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The Flare Network is the first Turing complete Federated Byzantine Agreement (FBA) network.

Category: Cryptocurrency / Blockchain    Date: Feb 2021    Keywords: Ripple, XRP, xRapid, blockchain, cryptocurrency  

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Flare can be used as a smart contract platform for XRP or as a trustless pipeline for XRP to other networks.

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.

Flare’s native token is called Spark (FLR).

Source: Flare Network blog

 

DISCLAIMER
This guide is for informational purposes only. It is not an official Flare Networks / Flare Finance document and should be used only for educational purposes.

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