Share this page!

Flare Community🌐 Profile picture
Twitter logo
4 Jul, 6 tweets, 4 min read
I hear this so often..

"WhErE's My FlArE? It'S JuLy!"🤪

@FlareNetworks latest *** 𝐞𝐬𝐭𝐢𝐦𝐚𝐭𝐞 *** says end of June ± 2-4 weeks. That means from the start of June, to the end of July.

🧵[THREAD] 1/
Since June has obviously passed, the #FlareNetwork will not launch in June.

Based on their *** 𝐞𝐬𝐭𝐢𝐦𝐚𝐭𝐞 *** (made back in April) the #FlareNetwork *** 𝐜𝐨𝐮𝐥𝐝 *** launch in July.

But this is only an *** 𝐞𝐬𝐭𝐢𝐦𝐚𝐭𝐞 ***.

2/
If you are unsure of the definition of the word "estimate" you can find it here:

dictionary.com/browse/estimate

The #FlareNetwork will launch once it is ready and not a moment before.

3/
After the Flare Network launches, developments will be much slower (as they will be decided via governance votes).

That's why it's important to ensure the Flare Network is functioning as expected and to a high standard *** 𝐛𝐞𝐟𝐨𝐫𝐞 *** the launch.

4/
I see so many (ungrateful) people questioning why they have not received their free $FLR yet and demanding it sooner rather than later.

It's ridiculous. The team building the #FlareNetwork are obviously working hard to create something revolutionary.

5/
It seems that some people have no interest in the Flare Network and are only concerned with lining their pockets as fast as possible...

Don't rush the process, good things take time.

Rant over. #Patience

• • •

Missing some Tweet in this thread? You can try to force a refresh
　

Keep Current with Flare Community🌐

Flare Community🌐 Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @CommunityFlare

Flare Community🌐 Profile picture
15 Jun
What is the most important aspect of any Blockchain project?

The way it reaches consensus.

The way transactions are verified.

Solving the double spend problem can be done in many different ways, some better than others...

🧵[THREAD]
Proof-of-Work (PoW)

PoW is a decentralized consensus mechanism that requires members of a network to expend effort solving an arbitrary mathematical puzzle - AKA mining.
Proof-of-Stake (PoS)

The PoS concept states that a person can mine or validate block transactions according to how many coins they hold. This means that the more coins owned by a miner, the more mining power they have.
Read 7 tweets
Flare Community🌐 Profile picture
27 Jan
I'm going to break this down into the most simplest way I can, I will do it once, so please listen up.

Say I have 100 apples.

I give 100 people 100 apples.

They have 1 apple each.

Let's say I have 100 oranges.

I will distribute them equally to those who hold apples.

1/3
Scenario 1:

Let's say I decide to give out the oranges now.

That's 1 orange for each person.

100 apples evenly distributed, 100 oranges, 1 each, yes?

1 ORANGE EACH!

2/3
Scenario 2:

Let's say a month later I give everyone 1 more apple each.

Everyone now has 2 apples,

100 people, 200 apples, yes?

Let's say I distribute the 100 oranges equally between them.

That's 1 orange for everyone who hold 2 apples.

1 ORANGE EACH!

3/3
Read 5 tweets
Flare Community🌐 Profile picture
10 Jan
#Flare vs. #Ethereum

I hear many people describing the Flare Network as the 'Ethereum killer'.

But few actually consider why that might be.

Let's look at the facts, $FLR vs $ETH

🧵[THREAD]
Ethereum, once upgraded to 2.0 will reach consensus with Proof-Of-Stake which means the security of the network depends on the price of #ETH.

A fundamental issue with PoS as a consensus algorithm is the inability to scale the fact it remains susceptible to 51% attacks.

2/
To validate transactions on a PoS network, users must stake their tokens which means validation is based on how many you own.

Now, let us consider if the #Ethereum Network wanted to tokenize Gold (estimated market cap of ~$10T) while ETH market cap was sitting at ~$150B

3/
Read 9 tweets
Flare Community🌐 Profile picture
8 Jan
💪𝐅𝐥𝐚𝐫𝐞 𝐍𝐞𝐭𝐰𝐨𝐫𝐤 𝐆𝐨𝐯𝐞𝐫𝐧𝐚𝐧𝐜𝐞👌

Flare is governed entirely by Spark token holders through voting.

Some decisions can be implemented on-chain such as:
changing the transaction cost or changing the collateral ratio and creation fee of a F-Asset.

🧵[THREAD] Image
Other decisions such as changing network consensus parameters or more complex long-term updates require a code change.

The Flare white paper sets out a proposal, development and testing regime for manual changes which can be initiated and voted on by Spark token holders

2/ Image
To help implement that process & execute the agreed changes there will be a Flare Foundation. The foundation will be a non-profit.

It will be responsible for 5 key areas:

• Grants
• Investments
• Research & Development
• Education
• Publicity & Partnerships

3/
Read 6 tweets
Flare Community🌐 Profile picture
2 Jan
Flare Network token distribution.

@FlareNetworks have blessed #XRP holders by taking a snapshot of the XRP Ledger (12/12/2020) for the token distribution.

Let us discuss further how Spark will be distributed and the important dates associated with the airdrop.

🧵[THREAD]
First of it is important to note, Spark will be distributed to eligible wallets, but what constitutes as an eligible wallet?

Eligible address are those who have correctly claiming Spark, details of which can be found here:

flare.ghost.io/claiming-spark…

2/
If you was storing your #XRP on an exchange at the time, then fear not. You may still be eligible for the airdrop as exchanges may have claimed Spark on your behalf.

You can find a list of supporting exchanges here:
flare.xyz/supporting-exc…

3/
Read 7 tweets
Flare Community🌐 Profile picture
2 Jan
#Flare is the world’s first Turing complete Federated Byzantine Agreement (FBA) network.

It's going to change game!

But I would like to bring your attention to the @FlrFinance ecosystem which will be built upon the Flare Network.

🧵[THREAD]
𝗙𝗹𝗮𝗿𝗲 𝗙𝗶𝗻𝗮𝗻𝗰𝗲

Flare Finance is the first DeFi platform built on the Flare Network. It utilizes smart contracts to offer a non custodial environment for trading, farming, loans, insurance, and mining.

2/
Flare Finance offers 6 products allowing the users of the Flare Network to act as their own yield generating bank without giving up custody or control of their assets to
a centralized party, these are:

🔸FlareX
🔸FlareFarm
🔸FlareUSD
🔸FlareLoans
🔸FlareMutual
🔸FlareMine

3/
Read 10 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!

Like this author's thread?

Get emails when @CommunityFlare has new unrolls!

Check out other threads from @CommunityFlare!

Read all threads by @CommunityFlare

:(