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Cryptocurrency News Articles

Flare Network to Host Online Workshop on “How to use Flare data connector”

Feb 05, 2025 at 02:12 am

Flare Network will host the fifth session of its Flare Builder online workshop, focusing on “How to use Flare data connector”.

Flare Network to Host Online Workshop on “How to use Flare data connector”

Flare Network will host the fifth session of the ‘Flare Builder’ online workshop on February 5. Entitled ‘How to use Flare data connector’, the session will delve into the features of the Flare Data Connector, best integration practices, and how it can enhance Flare-based dApps and projects.

The session will be streamed on YouTube and is open to anyone interested in learning more about integrating external data into Flare dApps. Those who wish to participate can set a reminder for the event on YouTube.

About Flare Network

A distributed protocol that integrates the Ethereum Virtual Machine (EVM), enabling the execution of Turing-complete smart contracts. Turing-complete indicates that any computational problem can be addressed given adequate memory. As such, the Flare Network can foster an ecosystem of decentralized applications (DApps), with the ultimate objective of scaling smart contract networks.

Employs a consensus algorithm named Avalanche, customized to function with Federated Byzantine Agreement (FBA), a consensus mechanism utilized by networks such as XRPL and Stellar. Uniquely, Flare Network’s consensus protocol doesn’t depend on economic mechanisms like Proof of Stake (PoS) to maintain network security. In contrast, many networks, including Ethereum (which will fully transition to PoS with Ethereum 2.0), rely on token-staking validators for network security.

The Spark token (FLR) is the native token of the Flare Network, primarily used as a safeguard against spam attacks by placing a cost on network transactions. Additionally, the token serves as collateral within decentralized applications (DApps), contributing to the robustness and security of various applications on the network. The Spark token also provides data to an on-chain oracle and enables users to participate in protocol governance, strengthening the democratic and decentralized nature of the network.

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