Flare, the advanced smart contract platform, has taken a monumental step towards revolutionizing decentralized data access by onboarding renowned infrastructure providers Ankr, Figment, Restake and NorthStake. This partnership represents a paradigm shift in the blockchain landscape, as these institutional validators serve not only as validators, but also as data providers for Flare’s own oracles, marking the first instance of such integration on a smart contract platform.
Flare’s innovative approach involves merging validation processes with data provisioning, giving developers an unprecedented opportunity for fully decentralized access to a vast set of data, all at scale and with minimal cost implications. In the realm of decentralized applications, secure integration of real-world data through oracles is crucial, and Flare is leading the way in expanding blockchain capabilities by offering a broader spectrum of decentralized data.
Creating a fully decentralized data frontier
The current roster of 91 network validators worldwide, including Ankr, Figment, Restake and NorthStake, also act as data providers for the Flare Time Series Oracle (FTSO). This consolidation makes the FTSO one of the most decentralized and trusted oracles accessible to developers, reinforcing Flare’s commitment to fostering a robust and secure data ecosystem.
Hugo Philion, CEO and co-founder of Flare, expressed his excitement about the latest partnership, saying: “The fact that institutional validators of the quality and scale of Ankr, Restake and Luga Nodes are willing to expand their business model to also deliver decentralized data specifically on Flare is proof positive for Flare’s vision of a fully decentralized network for data.”
Anuj Shankar, CEO of Luga Nodes, echoed this sentiment, saying: “Luganodes has always been committed to offering institutional-quality services in the blockchain infrastructure space and we find Flare’s new model of decentralized data provision very interesting. It’s not something we’ve done before, but being part of the Flare ecosystem as both a validator and data provider for their own oracle aligns perfectly with our mission to provide reliable and secure blockchain infrastructure solutions – and we’re eager to see how this will happen. improves decentralized data access for developers.”
Flare positions itself as the blockchain for data, an Ethereum Virtual Machine (EVM) smart contract platform designed to improve the utility of blockchain. With decentralized oracles seamlessly integrated into the network’s architecture, Flare stands out as the only smart contract platform optimized for decentralized data acquisition, including price and time series data, blockchain event and state data, and Web2 API data.
By providing developers with reliable access to a wide range of data at scale and cost-effectively, Flare acts as a utility layer for the blockchain industry. The platform’s commitment to supporting the development of new and improved use cases positions it as a frontrunner in the evolving landscape of blockchain technology. The latest collaboration with leading infrastructure providers further solidifies Flare’s position as a pioneer in the pursuit of a fully decentralized network for data.