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20 Jul, 6 tweets, 4 min read
🙏AMAZING NEWS!❤️

4 reasons to be happy about @FlareNetworks latest announcement regarding the Songbird Canary Network!

🧵[THREAD]
1.
If you're eligible to receive $FLR, you're eligible to receive $SGB, the native token of the Songbird Canary Network.

Yes this will have value, it has a finite supple and will be used on a functional network which imitates the #FlareNetwork
2.
You can dip your feet into #DeFi and use applications built on top of Songbird to not only increase your understanding, but also earn.

You can become familiar with the various protocols ahead of the launch of the #FlareNetwork too... Level up that knowledge!
3.
Developers can identify exploits on Songbird and rectify them before the Flare Network launches, creating a much more stable network from the start.

The means changes / fixes prior to launch will not have to go through the governance voting system.
4.
Developers are able to test their applications on a network which is as close to the #FlareNetwork as it gets.

#BETA #FlareFinance

This is an absolutely incredible announcement from the Flare team, I'm yet to identify a single negative!
5.
Ohh... And did I mention you are receiving yet another FREE AIRDROP?

#Patience
youtube.com/channel/UCXDch…

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More from @CommunityFlare

Flare Community🌐 Profile picture
20 Jul
There is so much negativity I'm hearing today and I feel it is because people have not fully understood the role of Songbird, so let me explain it with a few name changes and tell me how you feel about it then.

🧵[THREAD] Image
Let us 𝐈𝐌𝐀𝐆𝐈𝐍𝐄 that Songbird was instead called Flare.

Yay everyone is happy again, you have a network which is fully functional, you got your free tokens and you can interact with the various decentralised applications and earn from it.
Let us 𝐈𝐌𝐀𝐆𝐈𝐍𝐄 during this time, developers were observing the network, finding vulnerabilities and fixing them to improve stability / safety for the users.

Great, we have a better functioning / safer network for all!
Read 8 tweets
Flare Community🌐 Profile picture
4 Jul
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/
Read 6 tweets
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

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