Adriana Hamacher

Dec 20, 2024 | decrypt.co | Adriana Hamacher

Decrypt’s Art, Fashion, and Entertainment Hub. Discover SCENE“Well-designed incentives can spark public interest and drive long-term value,” notes Flare, which bills itself as the "blockchain for data." This ethos informs Flare’s strategy—empowering users to actively contribute to blockchain security and scalability while they reap tangible rewards. In total, 58.3% of the genesis Flare token supply is allocated to community incentives, including its rFLR Emissions Program.

Dec 20, 2024 | decrypt.co | Adriana Hamacher

Decrypt’s Art, Fashion, and Entertainment Hub. Discover SCENEDecentralized finance (DeFi) is transforming how assets are traded, staked, and utilized, but its full potential depends on the infrastructure supporting complex, scalable, and interoperable applications. Flare is meeting this challenge by combining advanced data capabilities with opportunities for users and developers.

Dec 20, 2024 | decrypt.co | Adriana Hamacher

Decrypt’s Art, Fashion, and Entertainment Hub. Discover SCENEBlockchains are digital islands; their isolation makes it hard to connect with external data. As these networks evolve to support increasingly complex applications, they need oracles to integrate verified, off-chain data securely. The Flare Data Connector (FDC) is a decentralized oracle that bridges the gap by securely reading the state of other chains and providing data proofs from Web2.

Dec 20, 2024 | decrypt.co | Adriana Hamacher

Decrypt’s Art, Fashion, and Entertainment Hub. Discover SCENEThe future of decentralized finance (DeFi) holds enormous potential for Bitcoin (BTC) and non-smart contract tokens, but there’s a catch: a significant proportion of blockchain assets can’t interact directly with DeFi protocols due to a lack of smart contract support. Enter Flare’s FAssets system, designed to unlock this value by enabling tokens like Bitcoin, XRP, and Dogecoin to participate in DeFi on Flare and beyond.

Dec 20, 2024 | decrypt.co | Adriana Hamacher

Decrypt’s Art, Fashion, and Entertainment Hub. Discover SCENEConnected to real-world data, blockchains transform from static ledgers into powerful, adaptive systems that can respond instantly to external events. But to truly live up to their decentralized promise, without risk of compromising security and autonomy, they need oracles that can supply decentralized data. Isolated from real-world data, blockchains are closed systems reliant on oracles to bridge the information gap.