$0.027
3.88%
$0.026
24h Range
$0.029
Market Cap
$1,534,506,350.0
Fully Diluted Valuation
$2,789,617,160.6
24 Hour Trading Vol
$26,931,621.0
Circulating Supply
56,955,475,840.5
Total Supply
102,934,408,153.6
Max Supply
∞
Flare Price
$0.027
24h Range
$0.026 - $0.029
Percent Change 1h
1.18%
Percent Change 24h
3.88%
Percent Change 7d
15.67%
All-time high
$0.150
All-time low
$0.008274
1D
7D
1M
1Y
All
Flare (FLR) is a layer-1 blockchain designed to bring smart contract functionality to non-smart contract blockchains. Launched in 2021, Flare aims to enhance the interoperability between various blockchains, enabling the use of digital assets across different networks without the need for centralized exchanges. The Flare network supports the Ethereum Virtual Machine (EVM), allowing developers to deploy Ethereum-compatible smart contracts while also facilitating the integration of assets from chains like XRP, Litecoin, and Bitcoin. The native token, FLR, is used for governance, staking, and paying transaction fees within the network.
Flare was co-founded by Hugo Philion, the CEO, alongside other key figures including Sean Rowan, the CTO, and other team members with backgrounds in blockchain technology and software development. Hugo Philion has been active in the crypto space for over a decade and has previously contributed to various blockchain projects. The team is complemented by advisors and developers with extensive experience in decentralized finance (DeFi) and blockchain interoperability.
Flare operates using a unique consensus mechanism called the Federated Byzantine Agreement (FBA), which allows for quicker and more secure transactions compared to traditional proof-of-work or proof-of-stake models. This mechanism enables the network to achieve consensus without requiring miners, thus reducing energy consumption. Flare also utilizes the State Connector, a protocol that enables real-time data transfer from external blockchains, allowing smart contracts on Flare to access and utilize off-chain data. Additionally, Flare's Flare Time Series Oracle (FTSO) provides accurate and decentralized price feeds, essential for DeFi applications.
Flare presents several use cases, particularly in enhancing blockchain interoperability and DeFi applications:
To keep your Flare (FLR) tokens safe, consider the following practices:
Investing in Flare (FLR) or any other cryptocurrency involves several steps:
1. Choose a Reliable Exchange: Select a reputable cryptocurrency exchange platform like Coinbase, Binance, or Okx. These platforms allow you to buy, sell, and trade cryptocurrencies.
2. Create an Account: Sign up for an account on your chosen exchange by providing the necessary personal information and completing the verification process.
3. Fund Your Account: Deposit funds into your exchange account using various methods like bank transfers, credit/debit cards, or wire transfers.
4. Buy Flare: Once your account is funded, you can purchase Flare directly from the exchange. Choose the desired amount and complete the transaction.
Botsfolio is a platform that automates cryptocurrency investments using trading bots. To invest in Flare using Botsfolio, follow these steps:
Botsfolio allows you to automate your cryptocurrency investments, potentially saving time and effort while optimizing your trading strategies.
Flare (FLR) is currently trading at $0.027 and exhibits good potential for future growth. Check the latest Flare (FLR) price prediction.
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