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What is Flare?

Flare is a blockchain platform designed to bring smart contract capabilities to networks that do not natively support them, starting with the XRP Ledger. It utilizes the Federated Byzantine Agreement (FBA) consensus protocol to enable the execution of smart contracts and decentralized applications (DApps) on blockchains that lack such functionality.

Which are some of Flare's key features?

Key features of Flare include:

How does Flare work?

Flare works by integrating with blockchains like the XRP Ledger to introduce smart contract capabilities. It uses the Federated Byzantine Agreement (FBA) consensus protocol, which involves a set of nodes agreeing on the state of the network through a voting mechanism. This allows Flare to securely execute smart contracts and support decentralized applications (DApps) on blockchains traditionally limited in functionality.

Learn more about Flare

For more information, you can visit the Flare official website.

Visit their official website to learn more:
Accounting Features Supported for
Cost Basis & Inventory Tracking
Unrealized G/L & Impairment Calculation
Reconciliation & Sanity Checks
DeFi Protocols
NFTs Valuation
Automated Rule Categorization
Integration to ERPs, QBO, Xero, Netsuite, etc.

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