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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 Band Protocol?
Band Protocol acts as a cross-chain data oracle platform that connects real-world data and APIs to smart contracts, effectively bridging the divide between on-chain and off-chain information. Although blockchains are known for their immutable storage and the ability to perform deterministic, verifiable computations, they often fall short in accessing dependable external data sources. By employing Band Protocol, smart contracts are empowered to utilize trustworthy data without dependence on centralized systems, thereby boosting their overall capabilities. This functionality is especially vital for Decentralized Finance (DeFi) applications that depend on accurate price feeds for activities like token swaps and loan collateralization. With the integrated price oracle from Band Protocol, developers can confidently construct DeFi solutions, assured that the price data they use is secure and impervious to manipulation. Moreover, BandChain is designed to integrate effortlessly with any smart contract platform or blockchain development framework, enhancing its adaptability. In a decentralized and trustless fashion, BandChain adeptly manages the complex tasks of sourcing, aggregating, and formatting data from multiple external providers, which ultimately streamlines the development process for blockchain applications. This groundbreaking approach places Band Protocol at the forefront of the decentralized application landscape, ensuring that reliable data access becomes an expected feature across platforms. As the demand for accurate and timely data continues to grow, Band Protocol's role is likely to become even more critical in shaping the future of decentralized technologies.
Integrations Supported
Big Dipper
Blockdaemon
Cosmostation
CryptoTax360°
DEX Screener
Ethereum
FastNode
Frontier Wallet
InfStones
Mintscan
Integrations Supported
Big Dipper
Blockdaemon
Cosmostation
CryptoTax360°
DEX Screener
Ethereum
FastNode
Frontier Wallet
InfStones
Mintscan
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
Band Protocol
Date Founded
2017
Company Location
Thailand
Company Website
bandprotocol.com