This brings an unrivaled degree of decentralization to the oracle system and to Flare overall.” Hugo Philion, Co-Founder and CEO of Flare Networks, added: “PAC Global and it’s large network of master nodes will be contributing as data providers to Flare’s native oracle system called the FTSO. We feel that our networks truly complement each other and it is our belief that their technology is a real game-changer.” “Along with their very experienced management team, it is an exciting partnership for PAC Global.” According to Drew Saunders, Chairman of PAC Global, “Flare is a growing name in the blockchain industry and we remain very impressed with their platform. “Flare Networks utilizes unique technology that has allowed them to closely integrate with Ripple (XRP), Litecoin, Dogecoin and potentially many others” stated David Gokhshtein, CEO of PAC Global. This allows Flare’s native token, “Spark”, to be used both as collateral for the issuance of integrated chain assets onto Flare and as stake in Flare’s inbuilt oracle system. A key differentiator of Flare is that it does not rely on money or economic incentives to secure their network. Flare is built to enable the trustless usage of value from chains that do not have smart contracts with Ethereum Virtual Machine (EVM) based smart contracts on Flare.
Flare is a new blockchain network based on the Flare Consensus Protocol – the first Turing Complete Federated Byzantine Agreement protocol. Cheyenne, Wyoming (February 8, 2021) - PAC Global, the largest data blockchain network in the world that utilizes energy-efficient master nodes, is pleased to announce a strategic partnership with Flare Networks.
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