SPARK

Flare Networks is a blockchain platform designed to enable secure and scalable smart contract functionality for existing cryptocurrencies that do not natively support smart contracts. It aims to bridge the gap between various blockchains by providing a cost-effective solution for smart contract services, particularly focusing on tokens that are not Ethereum-compatible.

The platform uses the Flare Token (FLR) to facilitate operations, including transaction processing and governance. Holders of FLR can participate in network governance decisions, contributing to the development and functionality of the ecosystem.

Flare's unique feature is its integration with the XRP Ledger, allowing XRP token holders to utilize smart contracts through Flare Networks. This capability extends the utility of previously non-smart contract tokens, enhancing interoperability across different blockchain networks.

By providing these services, Flare Networks seeks to create a more inclusive and expansive blockchain environment, fostering innovation and broader adoption of blockchain technology.