Flare Network starts State Connector to connect everything

London, Great Britain, March 29, 2022,

flare network , the upcoming Layer-1, which was developed for a secure connection to all blockchains, has announced the introduction of his State Connector in his Canary Network Songbird. This new web3 core protocol enables the condition of every open on or off-chain system on Songbird to be used to use in Smart Contracts and for safe forwarding to any other blockchain. The Flare protocol is faster and safer than existing solutions such as light client relays and oracles. While alternatives reduce decentralization, the State Connector maintains the security of a complete node and increases the decentralization of blockchain technology.

The State Connector is a technological innovation that offers an answer to the long -term interoperability problems of the blockchain. Today the blockchain landscape consists of numerous different ecosystems-several chains that operate independently, are isolated and cannot communicate with each other due to technological incompatibilities.

Existing cross-chain solutions for this problem are not satisfactory. The most common solutions are centralized multi-Sig-Bridges, which, in addition to increased regulatory risk and censorship, lead to greater centralization and greater susceptibility to attacks. The alternative solution, Light Client Relays, suffers from a complex on-chain implementation, slow operation and only an approximation to the safety of a complete node, which makes it more susceptible to attacks. They are also not compatible with certain types of networks and pre -compiled contracts, which means that they do not create real, universal interoperability.

Multi-chain solutions for interoperability, generally multi-chain systems such as Cosmos and Polkadot, require that chains correspond to their own standards and essentially adapt the protocol and code of this chain to facilitate communication. In contrast, Flare focuses on cross -chain interoperability, in which a single core protocol (like the IBC from Cosmos) cannot be integrated by any chain. Therefore, the State Connector of Flare does not require a code change in the integrated chain.

In addition to the trustworthy reading of the status of transactions on each blockchain, the State Connector can also observe and demonstrate the status of any open deterministic real data source in a decentralized manner and forward the result to each contract on Flare or connected blockchain. This avoids the risks associated with current centralized Oracle models and opens up incredible possibilities for new benefit and business models.

By using the State Connector, decentralized applications can be created that react to real events such as bank transactions, insurance claims, sports results, home purchases or educational qualifications. A universal identity system could be created that will accept the confirmation of external systems via the State Connector.

Flares State Connector and Decentralized Price Oracle, The Flare Series Oracle are important building block protocols for the future Fassets Application. This application will make it possible to use non-intelligent contracts such as BTC, Doge and XRP on Flare and to access EVM-based intelligent contracts. In a recently proposed Flare make it possible to bridge two smart contract chains with the safety of a multi-chain system, and enable the use of non-smart-contract tokens on any other smart chain-which means that the recently mentioned problem of chain sovereignty is solved during the bridge. It is a revolutionary development, because currently only $ 700 billion of the total value of crypto tokens worth $ 2.09 trillion can be used without trust in intelligent contract applications such as Defi or NFTs. This means that two thirds of the total value of the blockchain are currently excluded from the decentralized economy.