#BinanceAlphaPoints Flare is a Layer 1, EVM-compatible blockchain that enables seamless interaction between isolated blockchain ecosystems like Bitcoin and Ethereum. Its primary goal is to bridge the gap between native non-smart-contract supporting blockchains and decentralized applications (dApps) and decentralized finance (DeFi).
*Key Features:*
- *Data as a Public Good*: Flare provides developers with efficient access to extensive data resources, promoting openness and innovation.
- *Dual Role Infrastructure Providers*: Validators and data providers serve a dual role, enabling Flare's native oracles, including the Flare Time-Series Oracle (FTSO) and the Flare Data Connector.
- *Interoperability Protocols*: Flare's State Connector and FTSO facilitate secure and trustless data acquisition, enabling the creation of sophisticated applications across various domains.
*Networks:*
- *Flare*: The main network with $FLR as the native currency.
- *Songbird*: A canary network for testing features under real conditions.
- *Coston and Coston2*: Public test networks for developers.
*Benefits:*
- *Enhanced Interoperability*: Flare enables seamless interaction across different blockchain networks.
- *Decentralized Data Acquisition*: Flare's protocols provide reliable and decentralized data, opening up opportunities for innovative applications.
- *Robust Ecosystem*: Flare's architecture supports a wide range of use cases, from DeFi to gaming and social networks ¹ ².