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What is Flare and how does it work on Coinbase?

avatarSaddam Wolf07Dec 27, 2021 · 3 years ago3 answers

Can you explain what Flare is and how it works on Coinbase? I've heard about it but I'm not sure what it is and how it relates to Coinbase.

What is Flare and how does it work on Coinbase?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    Flare is a decentralized network that aims to bring smart contract functionality to various blockchain networks, including XRP. It is designed to enable the creation and execution of smart contracts on networks that do not natively support them. On Coinbase, Flare is supported as a token airdrop for eligible XRP holders. This means that if you hold XRP on Coinbase, you may receive Flare tokens in the future. The exact details of the airdrop and how it will work on Coinbase are yet to be announced.
  • avatarDec 27, 2021 · 3 years ago
    Flare is an exciting project that aims to bridge the gap between different blockchain networks. It allows for the creation and execution of smart contracts on networks that do not have native smart contract functionality. As for Coinbase, they have announced support for the upcoming Flare network and plan to distribute Flare tokens to eligible XRP holders. This is a great opportunity for XRP holders on Coinbase to potentially receive additional tokens.
  • avatarDec 27, 2021 · 3 years ago
    Flare is a decentralized network that aims to bring smart contract functionality to various blockchain networks, including XRP. It is designed to enable the creation and execution of smart contracts on networks that do not natively support them. Coinbase has announced that they will support the Flare network and distribute Flare tokens to eligible XRP holders. This means that if you hold XRP on Coinbase, you may receive Flare tokens in the future. It's an exciting development for the XRP community and a great opportunity for Coinbase users to participate in the Flare network.