10/31/2023 0 Comments Flare songbird![]() With FAssets, Flare will bring smart contracts to connected chains, unlocking this value, and welcoming these communities into the decentralized economy. Two-thirds of the value of all blockchains is currently held in non-smart contract chains which cannot participate in dApps, DeFi, NFTs and more. The FTSO leverages the distributed nature of the network to provide rapidly updating, accurate decentralized price data, such as the live XRP/USD price, to applications on the network. Many decentralized systems still rely on centralized data feeds - this bakes in centralization to the systems using them. Supported by decentralized attestation providers, the State Connector is both faster and safer than any existing solutions.Ĭapture Price with the Flare Time Series Oracle The State Connector is a new core Web3 protocol that allows the state of any open system, whether blockchain or non-blockchain, to be proven to smart contracts on Flare. Any existing dApp developed for EVM can be very easily launched on Flare.įlare’s consensus mechanism avoids the energy inefficiency and value-scaling challenges of Proof of Work and Proof of Stake - meaning you get fast, secure and efficient transactions with very low gas fees. The current final security audit is scheduled to finish at the end of September, according to the CEO.įlare says that once the network goes live each eligible holder will immediately receive 15% of their claimable Spark tokens, and then claim an average of 3% per month, carrying on for a minimum of 25 months and a maximum of 34 months.Flare includes an industry standard Ethereum Virtual Machine (EVM), which makes for easy porting of ETH tooling, and simple coding using Solidity. ![]() Philion says Flare will launch after all systems on Songbird have been tested. This makes Songbird its own type of network which may be useful, in isolation, to applications that do not need the intended stability of Flare, but which wish to enjoy the core Flare protocols and potentially more advanced features that Songbird may offer ahead of Flare.” “Innovations and new dApp launches will happen first on Songbird and then may be rolled out on Flare after testing. Please therefore be aware that Songbird comes with a potential for loss of liveness, token loss and risk that is potentially greater than main net deployments.”įlare Network, with its native FLR token, aims to bring smart contract capabilities to various blockchain networks, starting with XRP and then Litecoin (LTC).Īccording to the CEO, Songbird will continue to exist as a test network for Flare, even after Flare’s full network is rolled out. The team at Flare and likely the various teams testing their dApps on Songbird will be actively trying to find and exploit bugs and other issues and break the network. The Flare team makes no promise to continue support or development of Songbird in the future. It is for testing of the integrity of the proposed production network (Flare), proposed governance updates over time, the Flare core protocols and dApps launching on Flare. “Songbird should not be considered a production ready network. Philion is issuing a “chaos warning” regarding the SGB airdrop. SGB will be distributed to the same XRP holders who will receive the Spark (FLR) token, based on a snapshot of the network taken late last year. It will be an operational blockchain with a fixed token supply of the native token Songbird (SGB). The protocol is designed to be a “canary network” that’s used as a testing ground for developers.
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