The live price of Flare is - per (FLR / USD) with a current market cap of $1.25B USD. 24-hour trading volume is - USD. FLR to USD price is updated in real-time. Flare is -% in the last 24 hours with a circulating supply of 65.35B.
| Date Comparison | Amount Change | % Change |
|---|---|---|
| Today | - | 0% |
| 30 Days | - | 0% |
| 60 Days | - | 0% |
| 90 Days | - | 0% |
The primary goal of the Flare decentralized project is to serve as a bridge between cryptocurrency ecosystems such as XRP and Ethereum. In the project's network implementation, Flare supports distributed ledger networks utilizing highly interoperable ERC-20, thereby increasing the capabilities of XRP.
Spark (FLR) is one of the two cryptocurrencies that support and drive the Flare network. Songbird (SGB) is the other. The cryptocurrency is used in the project's dedicated canary testnet before the Flare mainnet implementation. FLR prices are updated live on Binance.
Flare is a layer 1 EVM blockchain with 2 core protocols: State Connector and Flare Time Series Oracle (FTSO). Through these protocols, developers can create a powerful ecosystem of decentralized interoperable applications.
Spark Lab’s co-founder is Hugo Philion, a veteran in the cryptocurrency trading and investment space. Prior to developing and launching Spark Lab, he was a portfolio manager for commodity derivatives, overseeing at least $2 billion.
FLR is the token code for Flare’s native Spark cryptocurrency. FLR is used to support Flare’s bridge operations and ensure seamless interaction and integration between XRP and other cryptocurrencies. FLR prices are affected by supply, demand, trading volume, and other factors.
After listing on cryptocurrency trading and used as a digital payment method, the maximum total supply of FLR is 100 billion.
The Flare consensus protocol implemented within the decentralized ecosystem is known as the "Avalanche consensus model" and is adapted to work in conjunction with the Federated Byzantine Agreement (FBA) consensus mechanism used by networks such as XRPL and Stellar.
Flare is unique in that it provides cross-chain interoperability without compromising the security of the Spark network, regardless of the native validation or consensus mechanism used. Other features of Flare include the use of its own testnet and another cryptocurrency, Songbird, used to test network functionality before mainnet implementation. XRP is also present in the Flare ecosystem in the form of FXRP.
The Flare to other currencies exchange rate?
