Flare is a layer-1 EVM blockchain built around two main protocols: the State Connector and the Flare Time Series Oracle (FTSO). Together, they enable developers to build a strong, decentralized set of interoperability applications.

Key features of Flare:

Consistent decentralized pricing. The FTSO leverages the network’s structure to supply dapps on Flare with decentralized price points and data series, without depending on centralized data sourcesSafer state retrieval from other blockchains. The State Connector makes it possible to use information from other chains on Flare in a secure, trustless wayExpandable EVM-compatible smart contracts. Flare’s scalable EVM environment supports existing EVM tooling and Solidity, allowing developers to deploy current or planned EVM dapps on FlareSpeed, low costs, and low carbon usage. Flare’s next-generation technology is designed to deliver fast, secure, and efficient transactions with very low gas fees and a reduced carbon footprint.

Flare (FLR) is the network token and is used to support multiple functions:

Rewarded delegation to the Flare Time Series Oracle (FTSO) to help provide reliable decentralized price dataCollateral for third-party decentralized applications built on Flare blockchains (whether cross-chain or fully native)Participation in network governanceTransaction fees to help deter spam attacks.

58.3% of the initial Flare supply is set aside for the community through:

The public token distributionCross-chain incentivesThe Ecosystem Support Program.