Flare Network

Flare Network, with its native FLR token, aims to bring smart contract capabilities to various blockchain networks, starting with XRP and then Litecoin (LTC).

Flare is a layer 1 Ethereum Virtual Machine (EVM) blockchain that has 2 core protocols, the State Connector and Flare Time Series Oracle (FTSO). These protocols allow developers to create an ecosystem of robust and decentralized interoperability applications.

Flare is a powerful new blockchain with the first consensus protocol for external data. Decentralized applications on Flare can therefore trustlessly acquire and use information from other blockchains and real world data sources, solving the oracle problem and opening the door to a new era of utility. This means secure decentralized bridging, full cross-chain composability with assets and information able to flow freely between all chains, and seamless decentralized integration of Web2 data in Web3 dapps.