Question 1

What is Flare Network? (FLR)

Accepted Answer

Flare is a layer 1 network that centers on blockchain interoperability—the ability for different blockchains to communicate with one another. It is designed to bring smart contract capabilities to other blockchain projects that lack them, such as the XRP Ledger.

Flare Network operates on two main protocols: the State Connector and the Flare Time Series Oracle (FTSO). The State Connector enables the use of external blockchain data on the Flare Network, while the FTSO serves as a reliable source of off-chain data for network use. Additionally, Flare runs the Ethereum Virtual Machine (EVM) for its smart contract development, allowing Ethereum developers to build on Flare with ease.

The native token of Flare Network, FLR, plays multiple roles. It incentivizes the adoption and decentralization of the FTSO, secures the network, and facilitates participation in network governance.

Question 2

How was Flare Network Developed?

Accepted Answer

Flare was established by Hugo Philion (CEO), Sean Rowan (Chief Product Officer, former CTO), and Naïri Usher (Chief Scientist). All founders have strong educational backgrounds in fields like machine learning and quantum computing from University College London (UCL).

The team initially introduced the network and its then-named Spark token in their August 2020 whitepaper. The primary intent was to offer smart contract functionality to blockchains that lacked it, particularly Ripple's XRP Ledger. In 2019, Flare received a substantial initial investment from Xpring, Ripple Labs' investment arm. Subsequently, in 2021, they raised $11.3 million from various venture capital firms and individual investors.

In December 2022, an updated whitepaper (Flare v2.0) was published, officially renaming the Spark token to FLR and refining multiple aspects of the project.

Question 3

How does Flare Network Work?

Accepted Answer

Flare Network is a layer 1, Proof-of-Stake (PoS) blockchain that uses the Ethereum Virtual Machine (EVM) to support smart contracts and host decentralized applications (dapps). Its interoperability goals are achieved through two primary protocols: the State Connector and the Flare Time Series Oracle.

The State Connector enables the network to offer blockchain interoperability by reliably recreating the state of a connected blockchain on Flare. It uses a request-commit-reveal (RCR) protocol for information verification and a branching protocol to ensure the decentralized acquisition of data.

The Flare Time Series Oracle (FTSO) addresses the challenge of interacting with off-chain data. It is an assembly of data providers that offer on-chain information. Data providers must stake FLR tokens to participate and may face penalties for malicious actions. Other users can delegate their FLR to trustworthy data providers. Rewards are earned based on data accuracy.

Flare's canary network, Songbird, is a fully functional blockchain designed to develop new features for Flare. It was launched in 2021 with its governance system and native token, SGB.

The FLR token is used for incentivizing FTSO use, acting as collateral in third-party dapps, participating in governance, securing the network through staking, and paying transaction fees. Out of the total 100 billion FLR, 58% is allocated to the community, 19% to the development team, advisors, and backers, and 22.5% reserved for companies/funds associated with Flare.

In essence, Flare is a layer 1 blockchain committed to blockchain interoperability. It uses its main protocols—the State Connector and the FTSO—to provide accurate cross-chain information. The FLR token secures the network, incentivizes FTSO use, and facilitates network governance.

#	工具	交易所	基準評分	价格	24小时变化	24小時成交量	24小時交易	24小時開盤	24小時最高
1	FLR-USDT FLRUSDT	bybit	A	0.006420USDT	1.71%	78,488,701.50FLR	4,959	0.006312USDT	0.006483USDT
2	FLR-USD FLR-USD	coinbase	AA	0.006415USD	1.65%	66,061,824.00FLR	2,673	0.006311USD	0.006475USD
3	FLR-USDT FLR-USDT	okex	A	0.006421USDT	1.53%	34,324,189.99FLR	3,173	0.006324USDT	0.006485USDT
4	FLR-USD FLRUSD	kraken	AA	0.006420USD	1.74%	25,603,577.79FLR	992	0.006310USD	0.006460USD
5	FLR-USDT FLR_USDT	gateio	A	0.006421USDT	1.47%	22,887,818.10FLR	1,950	0.006328USDT	0.006486USDT
6	FLR-USDT FLR-USDT	kucoin	BB	0.006420USDT	1.58%	6,391,860.67FLR	569	0.006320USDT	0.006480USDT
7	FLR-USD FLR_USD	cryptodotcom	AA	0.006421USD	1.69%	3,828,430.00FLR	777	0.006314USD	0.006478USD
8	FLR-EUR flreur	bitstamp	AA	0.005589EUR	1.22%	894,493.00FLR	48	0.005521EUR	0.005626EUR
9	FLR-EUR FLREUR	kraken	AA	0.005570EUR	0.91%	656,397.79FLR	25	0.005520EUR	0.005630EUR
10	FLR-USD flrusd	bitstamp	AA	0.006428USD	1.57%	212,555.00FLR	13	0.006328USD	0.006467USD
11	FLR-USDC FLR-USDC	okex	A	0.006400USDC	1.36%	198,852.16FLR	66	0.006314USDC	0.006475USDC
12	FLR-USD FLR-USD	okex	A	0.006421USD	2.67%	160,702.59FLR	15	0.006254USD	0.006501USD
13	FLR-EUR FLR-EUR	okex	A	0.005576EUR	1.20%	37,025.13FLR	28	0.005510EUR	0.005628EUR
14	FLR-USDC FLR-USDC	kucoin	BB	0.006400USDC	1.59%	27,848.83FLR	30	0.006300USDC	0.006450USDC
15	FLR-USD FLRUSD	cexio	BB	0.006283USD	0.71%	4,221.80FLR	1	0.006239USD	0.006283USD
16	FLR-EUR FLREUR	cexio	BB	0.005532EUR	0.90%	4,221.80FLR	1	0.005483EUR	0.005532EUR
17	FLR-USDT FLRUSDT	cexio	BB	0.006285USDT	0.72%	3,999.60FLR	1	0.006240USDT	0.006285USDT
18	FLR-USDT flr_usdt	xtpub	-	0.006420USDT	1.58%	46,061,686.00FLR	3,461	0.006320USDT	0.006490USDT
19	FLR-USDT FLRUSDT	bitrue	D	0.006436USDT	1.69%	15,820,694.64FLR	3,913	0.006329USDT	0.006454USDT
20	FLR-USDT FLRUSDT	mexc	C	0.006426USDT	1.65%	9,917,237.11FLR	3,275	0.006322USDT	0.006484USDT
21	FLR-USDT FLR-USDT	bingx	D	0.006432USDT	1.77%	9,152,679.46FLR	7,463	0.006320USDT	0.006489USDT
22	FLR-USDT flr_usdt	lbank	C	0.006413USDT	1.47%	7,284,873.26FLR	4,415	0.006320USDT	0.006516USDT
23	FLR-USDT flr_usdt	digifinex	D	0.006420USDT	1.56%	5,881,404.72FLR	1,919	0.006322USDT	0.006484USDT
24	FLR-KRW FLR_KRW	bithumbkorea	-	8.90KRW	2.27%	5,105,995.46FLR	696	8.71KRW	9.18KRW
25	FLR-USDT FLR_USDT	bydfi	-	0.006420USDT	1.58%	4,952,635.48FLR	2,964	0.006320USDT	0.006490USDT
26	FLR-TRY FLRTRY	btcturk	E	0.3105TRY	1.04%	4,169,127.41FLR	203	0.3073TRY	0.3125TRY
27	FLR-JPY flr_jpy	bitbank	C	1.01JPY	2.03%	3,666,754.99FLR	275	0.9860JPY	1.02JPY
28	FLR-EUR FLR-EUR	bitvavo	B	0.005587EUR	1.48%	3,253,994.32FLR	80	0.005506EUR	0.005629EUR
29	FLR-USDT FLR_USDT	bitmart	B	0.006308USDT	0.00%	0FLR	0	0.006308USDT	0.006308USDT
30	FLR-USDT FLRUSDT	btcturk	E	0.006440USDT	2.06%	905,875.40FLR	20	0.006310USDT	0.006440USDT
31	FLR-EUR FLREUR	bit2me	B	0.005570EUR	0.91%	656,397.79FLR	25	0.005520EUR	0.005630EUR
32	FLR-USDC FLRUSDC	hyperliquid	-	0.006413USDC	2.74%	294,543.85FLR	67	0.006242USDC	0.006467USDC
33	FLR-USDT FLRUSDT	coinex	C	0.006407USDT	1.39%	171,638.30FLR	1,493	0.006319USDT	0.006450USDT
34	FLR-KRW flr_krw	korbit	C	8.76KRW	-0.32%	135,322.83FLR	15	8.79KRW	9.00KRW
35	FLR-AUD FLR-AUD	btcmarkets	C	0.009100AUD	-3.19%	111,798.03FLR	7	0.009400AUD	0.009400AUD
36	FLR-USDT flrusdt	huobipro	C	0.006400USDT	1.89%	97,538.23FLR	10	0.006281USDT	0.006400USDT
37	FLR-BTC FLRBTC	coinex	C	0.0₇8265BTC	0.24%	39,958.66FLR	1,571	0.0₇8246BTC	0.0₇8366BTC
38	FLR-USDT FLRUSDT	hitbtc	E	0.006681USDT	0.00%	0FLR	0	0.006681USDT	0.006681USDT
39	FLR-BRL FLR-BRL	mercadobtc	C	0.03573BRL	-0.44%	9,812.72FLR	13	0.03589BRL	0.03589BRL
40	FLR-IDR flridr	indodax	E	112.00IDR	-0.88%	7,306.66FLR	22	113.00IDR	115.00IDR
41	FLR-PLN FLR-PLN	zonda	-	0.01400PLN	0.00%	0FLR	0	0.01400PLN	0.01400PLN
42	FLR-USDC FLR-USDC	zonda	-	0.005290USDC	0.00%	0FLR	0	0.005290USDC	0.005290USDC
43	FLR-BRL flrbrl	foxbit	-	0.03287BRL	0.00%	0FLR	0	0.03287BRL	0.03287BRL
44	FLR-XRP FLRXRP	bitrue	D	0.005000XRP	2.04%	299.76FLR	1	0.004900XRP	0.005000XRP
45	FLR-USDT FLR_USDT	poloniex	C	0.006060USDT	0.00%	0FLR	0	0.006060USDT	0.006060USDT