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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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