The Ethereum Virtual Machine (EVM) is integrated into the Flare Network, a distributed network. The EVM essentially transforms smart contracts into computer-readable instructions, allowing the network to run Turing complete smart contracts. If there is sufficient memory, it can execute practically any computational work since it is Turing-complete.
It can therefore combine a number of potent attributes to produce an ecosystem of decentralized apps. Flare intends to be a mechanism to scale smart contract networks, to put it briefly.
Flare makes use of the Federated Byzantine Agreement (FBA)-compatible version of the Avalanche consensus mechanism. XRPL and Stellar are two networks that use the FBA consensus process. The consensus process used by Flare doesn't rely on economic mechanisms like Proof of Stake (PoS) to preserve the network's security, thus we won't dive into the technical details here.
You might wonder what these economic mechanisms are. Consider the Ethereum network's ether (ETH) token as an example. The security of the network will only depend on validators who stake the token once Ethereum 2.0 fully implements Proof of Stake (PoS). As a result, the security will ultimately be reliant on the token (and the amount staked in it). The consensus mechanism for Flare does not call for this.
But why is this significant? Considering that it makes it possible for the network token to be used for a variety of purposes, including some that could be hazardous for networks that do rely on the token for security. In essence, the Flare designers claim that this design decision gives the token more adaptability without sacrificing security.
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