Flare is the world’s first Turing-complete scalable FBA network that doesn’t base safety on a native token. Its algorithms enable low transaction costs and an integration with EVM - Ethereum Virtual Machine.
The Flare Network whitepaper introduced the Spark token (FLR) and the Flare Time Series Oracle (FTSO).
Flare Time Series Oracle
The cornerstone of the Flare network are FTSO's, they provide externally sourced data estimates of connected crypto token values to the Flare Network in a decentralized manner. We do so by leveraging the distributed nature of the network and its participants.
But what exactly does this mean? And how does it work?
These are some of the questions that you can read about in Flare's own blog post blog post FTSO a breakdown.
Learn more about Flare and Flare Token FLR
Alternatively read more about it in posts like: