About Flare

Flare is an innovative Layer 1 blockchain that leverages the Ethereum Virtual Machine (EVM) to facilitate the development of applications capable of interacting seamlessly with various blockchains and the internet. By offering decentralized access to reliable data, Flare supports the creation of new applications and monetization strategies. Its architecture is designed to enhance interoperability, allowing developers to build decentralized applications (dApps) that can utilize data from multiple sources without the risks associated with centralized systems. The Flare network is distinguished by its unique protocols, including the State Connector and the Flare Time Series Oracle (FTSO). These protocols enable the secure and scalable integration of off-chain data into smart contracts, thereby minimizing risks associated with data integrity. The FTSO provides decentralized price feeds and data inputs, while the State Connector allows for the secure use of information from other blockchains and the internet. The native token, FLR, serves multiple purposes, including transaction fees, staking, and governance participation, further enhancing the functionality and utility of the Flare ecosystem.