![]() ![]() Canary networks are used to test a new feature before the actual implementation. ![]() The demo NFTs were minted on the Songbird chain, a canary network. We are excited to see what other applications engineers can develop, harnessing the capabilities of Flare’s native interoperability protocols.” Why on Songbird? The NFT demo is one example of the web3 utility Flare can unlock for legacy tokens, enabling them to be used trustlessly in dapps on the network. Hugo Philion, Flare CEO and co-founder, said, “ This demo highlights Flare’s ability to provide more types of secure, decentralized data on-chain in order to power new functionality and potential use cases for the industry. In the demo, State Connector was used to prove the transaction was confirmed on Flare’s chain and to verify the inclusion of the correct payment data. This data can directly be used securely and trustlessly with EVM-based smart contracts running on the Flare network. The second protocol is the State Connector, which retrieves data from other blockchains and also offchain data from the internet. In the case of the NFT purchasing demo, FTSO helped acquire the corresponding live price of the NFT in the other blockchain. This protocol currently includes cryptocurrency prices, but it can include any time series data, for example, non-crypto prices and weather data.Īt present, FTSO acquires data in three-minute intervals from around 90 different independent data providers. The first one is the Flare Time Series Oracle (FTSO), which delivers decentralized data feeds for applications that run on Flare. For instance, in a recent partnership, Flare and the ed-tech start-up Uppercent set out to create a secondary online course marketplace powered by these fundamental protocols. These two protocols provide the fundamental structure for developers to build new applications. ![]() Two core interoperability protocols of Flare enabled the operations performed in the NFT demo. The NFT was purchased on Flare’s canary network, Songbird, directly by paying with tokens on other blockchains, namely the DOGE and XRP tokens. Flare, an EVM-based Layer 1 blockchain with native interoperability protocols, released a demonstration of trustlessly purchasing an NFT on Flare using the token of a different blockchain. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |