What is the meaning of the term 'flr' in the context of cryptocurrency?

3 answers

• Dec 25, 2021 · 3 years ago
  FLR stands for 'Federated Lightning Routing' and it is a protocol used in the Lightning Network, a second layer solution for Bitcoin and other cryptocurrencies. FLR enables efficient and secure routing of payments across the Lightning Network, allowing for faster and cheaper transactions. It plays a crucial role in scaling the Bitcoin network and improving its usability.
  373187
• Dec 25, 2021 · 3 years ago
  FLR is short for 'Flare Network', a blockchain platform that aims to bring smart contract functionality to various cryptocurrencies, including XRP. Flare Network utilizes the Flare Consensus Protocol, which is designed to enable trustless and decentralized smart contracts. FLR tokens are used as the native currency on the Flare Network and can be staked to participate in the consensus process.
  396132
• Dec 25, 2021 · 3 years ago
  BYDFi is a cryptocurrency exchange that supports various digital assets, including FLR. It provides a user-friendly interface and advanced trading features for users to buy, sell, and trade FLR and other cryptocurrencies. BYDFi ensures the security of user funds through robust security measures and offers competitive fees for trading. Users can also participate in staking FLR on BYDFi to earn rewards and contribute to the Flare Network's consensus.
  452113