Flare Network Onboards Professional Infrastructure Providers
Flare Network (FLR) has announced that it will be bringing on board professional infrastructure providers to serve as validators and provide real-world data for Flare’s native oracles. This move aims to enhance decentralization for oracle systems frequently used by blockchain developers. The institutional validators joining the network include Ankr, Figment, Restake, and NorthStake.
Boosting Data Decentralization
The addition of these validators and data providers aligns with Flare’s vision for a fully decentralized network. Hugo Philion, CEO and co-founder of Flare, expressed his excitement about the involvement of institutional validators in providing decentralized data specifically for Flare. Luga Nodes, another highlighted validator and data provider, also supports the Flare Network’s mission to improve decentralized data access for developers.
Flare Network’s Data Decentralization
Flare Network currently has 91 active network validators worldwide who also serve as data providers for the Flare Time Series Oracle (FTSO). FTSO combines blockchain oracle solutions with decentralized data collection, leveraging the network’s consensus. Flare describes itself as “the blockchain for data” and is an Ethereum Virtual Machine (EVM) compatible layer-1 blockchain focused on Oracle solutions.
Hot Take: Embracing Institutional Validators for Decentralized Data
By onboarding professional infrastructure providers as validators and data providers, Flare Network takes a significant step towards achieving its goal of decentralizing data provision. This move not only enhances the network’s credibility but also opens up opportunities for blockchain developers to access reliable and secure decentralized data. With the support of institutional players like Ankr, Figment, Restake, and NorthStake, Flare Network strengthens its position as a leading smart contract platform for decentralized data feeds.
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