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More and better data for DApps: This project makes it happen

Giving DApps access to more data could offer more value to the masses, and one company is pioneering this shift.

Blockchain technology provides a children's playground for software information decentralization (DAPP) development and design. Decentralized applications have many benefits, the most obvious of which is that there is no need for intermediaries to operate independently. In such a growing industry, the total number of Dapp is growing, but is such a platform really based on daily customers? If not, how can the development and test cases of Dapp reflect the development potential of its undeveloped design?

Get rid of DAPP restrictions

In terms of the overall situation, the blockchain field needs a large number of decentralized applications with specific use cases to blossom more. Tragically, many DAPP development plans end up with investments in foreign exchange speculative projects as the core, unable to bring applications that may play a more important role in people's daily lives to the desktop. One of the main reasons is the lack of secure browsing of data outside the blockchain on which the DAPP is based. The new project is only limited by the completion of the data available on the chain at this stage of the application.

The development potential of Dapp is closely related to adoption rate and scalability. Hugo Toshiba, CEO of FLARE founder, said:

The blockchain industry has redefined some of the core technical tests that need to be overcome and achieved more adoption rates. One area that has been overlooked for us is to expand the applicable strength of the blockchain.

In addition, Toshiba added that in order for the field to develop further, it "has to provide a large number of applications that are very relevant to more people". This is a step forward for FLARE because it "enables developers to build more efficient applications by applying a wider range of security data from blockchains and the Internet."

Make the data available

It's all about data. In order to unleash the development potential of more practical effects, Dapp must browse a large number of types of data, which is where FLARE, which launched earlier this year, is committed to providing solutions. It provides decentralized browsing of high integrity data from other chains and global Internet indoor spaces based on EVM's Layer-1 block chain. This allows developers to get rid of the compatibility problems between chains and data sources at this stage in an unreliable way. In addition, by improving the browsing of a large number of categories of offline data, Dapp built in FLARE can be deployed separately to provide services for several chains.

But what is the technical basis for all these big ideas? In its operation, FLARE relies on two key data and interoperability agreements, each called State Connector and FLARE Time Series Oracle (FTSO). This agreement completes the chain of blocks, time series analysis and decentralized acquisition of Web2 API data on the chain.

State Connector collects and agrees on event information from other blockchains and the Internet in a secure, scalable and decentralized manner. This may include whether the transaction is generated on a different block chain, whether the notepad field name contains the correct payment introduction, or certifying Web2API content.

Origin: FLARE Internet

FTSO provides Dapp with a relatively highly decentralized range of price and data products. At this stage, digital currency prices are available for data, but it may be extended to a wider range of data series products that change over time, such as index values such as foreign currency exchange rates or carbon emissions data.

Origin: FLARE Internet

Both RF connectors and FTSO in China have been applied by independent and decentralized third parties, which are called confirmation providers and data providers respectively. We are encouraged to provide accurate data to the Internet to ensure the security and best operation of the Internet.

In such a transformative approach, flares have been evolving. Most notably, the community recently approved flare improvement proposal 01 (FIP.01) to influence trends in its ecosystem, which was applied by 93% of token holder network votes. This change aims to make the distribution of local dynamic passwords on the platform relatively fair and accessible to all chain participants and new entrants to the indoor space. More importantly, the update will help maintain the current basic influence of airdrop recipients in the ecosystem. This change means that anyone with a WFLR can get some of the rest of the public OTP distribution.

From concept to refinement

As a decentralized professional technology, blockchain can improve the world to a great extent. Despite the beautiful idea of investing in the best projects in the market, the advantages of this technology should be translated into specific test cases that promote social development.

The perspective of caring for end users may sound obvious, but in the industry's grand plan, this goal does not necessarily translate into the most ideal finished product. Data accessibility and extensibility is a long-standing deficiency, and FLARE has taken operational steps to unleash the full potential of the DAPP ecosystem. Other information about this project is available on the platform.

Learn more about Flare
by Thomas Hill
© 2023 WJB All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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