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Dubai, UAE, twenty third February, 2023, Chainwire
The layer-1 for knowledge, Flare, simply accomplished a reside demonstration of recent interoperability performance now accessible in beta on the community. Utilizing two core interoperability protocols, State Connector and Flare Time Sequence Oracle (FTSO), an NFT was trustlessly bought with the transaction going down on a special chain utilizing a special token. The demo was carried out on Flare’s canary community, Songbird, with the acquisition made utilizing DOGE and XRP tokens.
Flare’s State Connector protocols allow info, each from different blockchains and the web for use securely, scalably and trustlessly with EVM-based sensible contracts on Flare chains. On this case, it has been used to show {that a} transaction has been confirmed on a non-Flare chain and concurrently confirm the proper fee reference was included.
The Flare Time Sequence Oracle delivers extremely decentralized value and knowledge feeds to dapps on Flare, with out counting on a centralized supplier to deliver the info on-chain. For the demonstration, it supplies the reside updating value of the NFT within the forex of the opposite chain.
As Flare is an EVM-based blockchain, every thing that may be achieved on Ethereum and different EVM chains can be carried out on Flare. The NFTs minted within the demo are subsequently commonplace ERC721 contracts written in Solidity and deployed on the community. The one modifications required have been the addition of strategies to combine with the FTSO and State Connector.
Hugo Philion, Flare CEO & Co-founder, stated, “This demo highlights Flare’s capacity to supply extra kinds of safe, decentralized knowledge on-chain with a view to energy new performance and potential use circumstances for the business. The NFT demo is one instance of the web3 utility Flare can unlock for legacy tokens, enabling them for use trustlessly in dapps on the community. We’re excited to see what different purposes engineers can develop, harnessing the capabilities of Flare’s native interoperability protocols.”
Demo Video: https://www.youtube.com/watch?v=g0qxxm2EZjw
About Flare
Flare is an EVM-based Layer 1 blockchain that provides builders decentralized entry to high-integrity knowledge from different chains and the web. This allows new use circumstances and monetization fashions, whereas permitting apps to serve a number of chains by a single deployment.
Flare’s State Connector protocols allow info, each from different blockchains and the web for use securely, scalably and trustlessly with sensible contracts on Flare.
The Flare Time Sequence Oracle delivers highly-decentralized value and knowledge feeds to dapps on Flare, with out counting on centralized suppliers.
Construct on Flare with extra knowledge than ever earlier than or construct with Flare to serve a number of ecosystems.
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