Flare Network (FLR) is a blockchain platform designed to integrate smart contracts with various blockchain networks, aiming to enhance interoperability and scalability in decentralized finance (DeFi).
Flare is an innovative layer 1 blockchain protocol designed to enhance the utility of blockchain technology by providing developers with decentralized access to high-integrity data sourced from other blockchain networks and the broader internet. By integrating the Ethereum Virtual Machine (EVM), Flare enables developers to deploy smart contracts that are interoperable across multiple chains. This interoperability not only expands the potential use cases of decentralized applications (dApps) but also introduces new monetization models within the blockchain ecosystem.
One of Flare's primary goals is to facilitate seamless connectivity and data sharing between different blockchain platforms, fostering a more integrated and efficient decentralized infrastructure. This capability allows dApps deployed on Flare to interact with and leverage data from various blockchains through a unified deployment, thereby enhancing flexibility and scalability for developers. By providing decentralized access to reliable data and supporting cross-chain functionality, Flare aims to accelerate innovation in decentralized finance (DeFi), decentralized applications, and beyond, paving the way for new advancements in the blockchain industry.