In order to serve as validators and data providers for the network’s native oracles, Flare revealed the onboarding of expert infrastructure providers such as Ankr, Figment, Restake, and NorthStake. These institutional validators additionally provide decentralized data feeds for network builders to use on Flare, which makes it the first smart contract platform.
Flare will be able to provide developers with completely decentralized, cost-effective access to the widest variety of data at scale by merging validation and data provision. Data is everything, and integrating real-world data safely via oracles is essential for many decentralized applications. Flare wants to broaden the scope of blockchain technology by facilitating a greater range of decentralized data, hence opening up new applications.
As of right now, Flare has 91 network validators worldwide that serve as data providers for the Flare Time Series Oracle (FTSO), making it one of the most dependable and decentralized oracles accessible to developers.
Hugo Philion, Flare CEO & Co-founder, said:
“The fact that institutional validators of the quality and scale of Ankr, Restake and Luga Nodes are willing to extend their business model to also provide decentralized data specifically on Flare gives proof positive to Flare’s vision for a fully decentralized network for data.”
Anuj Shankar, CEO of Luga Nodes, added:
“Luganodes has always been committed to offering institutional-grade 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 a data provider to their native oracle aligns perfectly with our mission to provide reliable and secure blockchain infrastructure solutions – and we are keen to see how it improves decentralized data access for developers.”
