The layer-1 for knowledge, Flare, simply accomplished a reside demonstration of latest interoperability performance now accessible in beta on the community. Utilizing two core interoperability protocols, State Connector and Flare Time Collection Oracle (FTSO), an NFT was trustlessly bought with the transaction happening on a unique chain utilizing a unique 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 data, 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 Collection Oracle delivers extremely decentralized value and knowledge feeds to dapps on Flare, with out counting on a centralized supplier to convey the information on-chain. For the demonstration, it supplies the reside updating value of the NFT within the foreign money of the opposite chain.
As Flare is an EVM-based blockchain, every part that may be achieved on Ethereum and different EVM chains can be carried out on Flare. The NFTs minted within the demo are subsequently customary ERC721 contracts written in Solidity and deployed on the community. The one adjustments 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 potential to supply extra forms of safe, decentralized knowledge on-chain with a view to energy new performance and potential use instances for the trade. 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 offers builders decentralized entry to high-integrity knowledge from different chains and the web. This allows new use instances and monetization fashions, whereas permitting apps to serve a number of chains by means of a single deployment.
Flare’s State Connector protocols allow data, each from different blockchains and the web for use securely, scalably and trustlessly with sensible contracts on Flare.
The Flare Time Collection 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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