[1/π§΅] Is this you? π€¨
β’ Holder of #XRP since December 2020
β’ Has never heard of $FLR before (Hello, #Spark?)
β’ Has no idea what the fuss is all about
β’ Slept under a rock for two years
Allow me to bring you up to speed w/ this crash course on @FlareNetworks and $FLR. π§΅π
β’ Holder of #XRP since December 2020
β’ Has never heard of $FLR before (Hello, #Spark?)
β’ Has no idea what the fuss is all about
β’ Slept under a rock for two years
Allow me to bring you up to speed w/ this crash course on @FlareNetworks and $FLR. π§΅π
[2/20] If you've been following this topic, you'll recall that there was once a #XRPL snapshot:
β’ 12th December 2020, 00:00 UTC
β’ #XRP Ledger index 60,155,580
. . .
β’ 12th December 2020, 00:00 UTC
β’ #XRP Ledger index 60,155,580
. . .
[3/20] . . .
You may recall that you had to claim your #Spark coins by providing your #EVM-based $FLR address in the message key field of your #XRPL account.
β claim period expired on #XRPLedger index 64,204,315
β Message could be changed until 11th June 2021, 23:59 UTC
. . .
You may recall that you had to claim your #Spark coins by providing your #EVM-based $FLR address in the message key field of your #XRPL account.
β claim period expired on #XRPLedger index 64,204,315
β Message could be changed until 11th June 2021, 23:59 UTC
. . .
[4/20] . . .
Time has passed and the term "#Spark" has been renamed "#Flare ( $FLR )"
Furthermore, the initial purpose of bringing smart-contract capabilities to the #XRPL through so-called "F-Assets (#FXRP)" has been substantially revamped and broadened.
. . .
Time has passed and the term "#Spark" has been renamed "#Flare ( $FLR )"
Furthermore, the initial purpose of bringing smart-contract capabilities to the #XRPL through so-called "F-Assets (#FXRP)" has been substantially revamped and broadened.
. . .
[5/20] . . .
@FlareNetworks is no longer what it once was, and it is far more innovative than you may recall.
Let's read the most recent $FLR-#Whitepaper 2.0 and go through all the specifics π
πΉ The Network & Token
πΉ State Connector
πΉ FTSO
πΉ Consensus
πΉ Governance
πΉ ...
@FlareNetworks is no longer what it once was, and it is far more innovative than you may recall.
Let's read the most recent $FLR-#Whitepaper 2.0 and go through all the specifics π
πΉ The Network & Token
πΉ State Connector
πΉ FTSO
πΉ Consensus
πΉ Governance
πΉ ...
[6/20] π Introduction
#FlareNetwork is a Layer 1 [E]thereum [V]irtual [M]achine (#EVM) based #blockchain that allows for "data-interoperability" in the same manner as #XRP allows for "value-interoperability"
. . .
#FlareNetwork is a Layer 1 [E]thereum [V]irtual [M]achine (#EVM) based #blockchain that allows for "data-interoperability" in the same manner as #XRP allows for "value-interoperability"
. . .
[7/20] . . .
This Means that @FlareNetworks enables π
β’ Secure Cross-Chain interoperability
β’ Collateralization of decentralized apps
β’ Literally "everything" revolving around #data
β’ Smart-Contract capabilities for every #blockchain
β’ True decentralized #Token-Bridging
This Means that @FlareNetworks enables π
β’ Secure Cross-Chain interoperability
β’ Collateralization of decentralized apps
β’ Literally "everything" revolving around #data
β’ Smart-Contract capabilities for every #blockchain
β’ True decentralized #Token-Bridging
[8/20] π The Network & Token
The Native Token $FLR is used for π
β’ Payments
β’ Spam Control (gas fees)
β’ Governance Voting
β’ Liquid Staking (Hello, #Cardano π)
β’ Collateralization of assets (e. g. for minting)
. . .
The Native Token $FLR is used for π
β’ Payments
β’ Spam Control (gas fees)
β’ Governance Voting
β’ Liquid Staking (Hello, #Cardano π)
β’ Collateralization of assets (e. g. for minting)
. . .
[9/20] . . .
Importantly, the network enables programmable additions through "wrapped $FLR / #WFLR"
These #ERC20-#EVM-based #tokens enhance token usage by earning #FTSO incentives, providing collateral, and gov. voting.
Importantly, the network enables programmable additions through "wrapped $FLR / #WFLR"
These #ERC20-#EVM-based #tokens enhance token usage by earning #FTSO incentives, providing collateral, and gov. voting.
[10/20] π #StateConnector
Uses 2 novel methods:
1β£ Request-Commit-Reveal protocol
2β£ Branching protocol
The #RCR protocol's objective is to collect user queries & proofs about #blockchains, whereas the branching protocol's purpose is for the network to evaluate these.
. . .
Uses 2 novel methods:
1β£ Request-Commit-Reveal protocol
2β£ Branching protocol
The #RCR protocol's objective is to collect user queries & proofs about #blockchains, whereas the branching protocol's purpose is for the network to evaluate these.
. . .
[11/20] . . .
βοΈ Secured on-chain (#consensus) decentralized acquisition of #blockchain or "off-chain"-based external data may now be used to develop any type of #dApp or #App imaginable.
E.g., a #dApp that tips #BTC based on whether $XRP is valued at $589 or not. π
βοΈ Secured on-chain (#consensus) decentralized acquisition of #blockchain or "off-chain"-based external data may now be used to develop any type of #dApp or #App imaginable.
E.g., a #dApp that tips #BTC based on whether $XRP is valued at $589 or not. π
[12/20] π #FlareTimeSeriesOracle [#FTSO]
"The #FTSO is a dec. protocol that seeks to create accurate estimations of off-chain time series data on the #FlareNetwork"
βοΈ To put it simply, we now have our own decentralized @CoinMarketCap, which can be accessed using #API-Calls.
"The #FTSO is a dec. protocol that seeks to create accurate estimations of off-chain time series data on the #FlareNetwork"
βοΈ To put it simply, we now have our own decentralized @CoinMarketCap, which can be accessed using #API-Calls.
[13/20] π #FlareConsensus
I've previously gone into all the specifics here, so have a look π
I've previously gone into all the specifics here, so have a look π
https://twitter.com/krippenreiter/status/1603148120359067648?s=20&t=rz3o--lsT-FqyHRUsFqDJg
[14/20] π #FlareGovernance
#Flare's token, $FLR, serves as the #Flare's governance mechanism.
Proposals for network governance can come from either the #FlareFoundation or the community through #Songbird [ $SGB ].
flare.network/governance/
#Flare's token, $FLR, serves as the #Flare's governance mechanism.
Proposals for network governance can come from either the #FlareFoundation or the community through #Songbird [ $SGB ].
flare.network/governance/
[15/20] π Post-Quantum Security
@FlareNetworks released a paper in regards to a hybrid post-#quantum digital signature scheme for the EVM.
It's about adding the so called "#deterministic CRYSTALS-Dilithium Level 2" sig. to the usual elliptic curve sig.
flare.network/wp-content/uplβ¦
@FlareNetworks released a paper in regards to a hybrid post-#quantum digital signature scheme for the EVM.
It's about adding the so called "#deterministic CRYSTALS-Dilithium Level 2" sig. to the usual elliptic curve sig.
flare.network/wp-content/uplβ¦
[16/20] π #LayerCake β #Bridging
To keep things brief for everyone:
βοΈ Bridges #SmartContract Tokens or #SmartContract-enabled #Tokens rapidly, #decentralized, and multilaterally.
βοΈ Insured and collateralized
βοΈ Unified liquidity (same token representation)
To keep things brief for everyone:
βοΈ Bridges #SmartContract Tokens or #SmartContract-enabled #Tokens rapidly, #decentralized, and multilaterally.
βοΈ Insured and collateralized
βοΈ Unified liquidity (same token representation)
[17/20] π #FAssets β #Bridging
Add #SmartContracts to every Chain/#DLT:
βοΈ Use #DeFi with FDOGE on FBTC through Layer Cake (wait what? π)
βοΈ Trustlesslyβwithout the use of any middlemen
βοΈ Spread risk across members in the system
Add #SmartContracts to every Chain/#DLT:
βοΈ Use #DeFi with FDOGE on FBTC through Layer Cake (wait what? π)
βοΈ Trustlesslyβwithout the use of any middlemen
βοΈ Spread risk across members in the system
[18/20] π To recap, nothing appears to be impossible in terms of #data utilization for the @FlareNetworks
Any type and form of #data may be conveyed, verified trustlessly and #decentralized, and used for #dApps while linking any #SmartContract Platform with on-/off-chain #data
Any type and form of #data may be conveyed, verified trustlessly and #decentralized, and used for #dApps while linking any #SmartContract Platform with on-/off-chain #data
[19/20] βοΈ Truely magnificent to say the least βοΈ
With #ILP x #XRP x #FLR / #SGB linking every payment network/Ledger w/ every source of liquidity for faster payments and genuine public data- and #SmartContract interoperability, the sky is truly the limit. π
#ConnectEverything
With #ILP x #XRP x #FLR / #SGB linking every payment network/Ledger w/ every source of liquidity for faster payments and genuine public data- and #SmartContract interoperability, the sky is truly the limit. π
#ConnectEverything
[20/20] Thank you to everyone who took the time to read this lengthy topic about $FLR / $SGB and @FlareNetworks! β€οΈ
If you enjoyed the thread, please follow me:
@krippenreiter
Please feel free to contribute by sharing here π
If you enjoyed the thread, please follow me:
@krippenreiter
Please feel free to contribute by sharing here π
https://twitter.com/krippenreiter/status/1611545139293618176?s=20&t=f8e1bvT5wuLCB6vrefrqiQ
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@MrFreshTime @lIllIlllIIIll π πβοΈ
β My most recent post on #FLR's technology, use cases, and protocols focused on @FlareNetworks' newest Whitepaper2.0 β
@MrFreshTime @lIllIlllIIIll π πβοΈ
β My most recent post on #FLR's technology, use cases, and protocols focused on @FlareNetworks' newest Whitepaper2.0 β
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