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What is Flare?

An astonishing 65% of the potential value tied to blockchain tokens remains unutilized by decentralized applications, but this situation is set for transformation. Introducing Flare, an innovative network that features the first Turing complete Federated Byzantine Agreement (FBA) system, crafted to be scalable without depending on a native token for security purposes. This groundbreaking architecture mitigates the dangers of safety loss that can arise from conflicting demands on a native token while ensuring smooth compatibility with the Ethereum Virtual Machine. With a strong base of developer expertise, Flare streamlines the integration for ongoing projects and offers minimal transaction fees, enabling applications to expand without burdening users with excessive costs. The native token, Flare (FLR), functions as collateral for the secure issuance of assets from non-Turing complete chains, starting with prominent currencies such as XRP, XLM, Litecoin, and Dogecoin. Moreover, it plays a crucial role in facilitating the Flare time series oracle, generating yield for securing the price mechanism on the network and engaging in governance activities. F-Assets are introduced to enable Turing complete smart contracts on each connected chain, allowing assets to be originated and settled back to their respective networks in a trustless manner, which significantly boosts both functionality and flexibility within the blockchain ecosystem. With these remarkable innovations, Flare is set to redefine the interaction between decentralized applications and blockchain tokens, creating a more dynamic and interconnected digital landscape. As the platform evolves, it will likely inspire further advancements in the field.

What is Arbitrum?

The latest advancements in layer 2 solutions for Ethereum dApps empower developers to leverage their preferred tools while effectively reducing the expenses associated with scaling their applications. Within this framework, an aggregator functions similarly to a node on Ethereum, allowing client software to execute remote procedure calls (RPCs) through a standardized API to interact with an Arbitrum chain. This aggregator plays a crucial role by transmitting these calls to the EthBridge and returning the results of transactions to the client, reflecting the behavior of a conventional Ethereum node. Although it's common for clients to route their transactions through an aggregator when engaging with an Arbitrum chain, this is not strictly necessary. The architecture permits an unlimited number of aggregators to be created, and there are no restrictions on who can act as an aggregator. To optimize processing efficiency, aggregators often merge several client transactions into a single submission to the Arbitrum chain. Moreover, the Arbitrum ecosystem includes a specialized Sequencer capable of organizing transactions, which leads to rapid transaction confirmations with minimal latency. This groundbreaking arrangement not only enhances overall throughput but also cultivates an adaptable environment where developers can explore and innovate without the constraints of high costs, ultimately promoting greater experimentation within the blockchain space. By providing such flexibility, layer 2 solutions are poised to significantly transform the landscape of decentralized applications.

Media

Media

Integrations Supported

DEX Screener
Ethereum
Topper
AlphaWallet
BLOCKTRACTS
BarnBridge
CYBAVO
Camelot DEX
Envelop
KyberSwap
MCDEX
Polyhedra
Rango Exchange
Sleep.Finance
Swoop Exchange
Vertex Protocol
dRPC
noiseGPT
vfat.tools

Integrations Supported

DEX Screener
Ethereum
Topper
AlphaWallet
BLOCKTRACTS
BarnBridge
CYBAVO
Camelot DEX
Envelop
KyberSwap
MCDEX
Polyhedra
Rango Exchange
Sleep.Finance
Swoop Exchange
Vertex Protocol
dRPC
noiseGPT
vfat.tools

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Flare Network

Date Founded

2019

Company Location

United Kingdom

Company Website

flare.xyz/

Company Facts

Organization Name

Offchain Labs

Date Founded

2018

Company Location

United States

Company Website

arbitrum.io

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