Introducing Flair: A Third-Generation Blockchain Focused on Data and Decentralized Applications

As a visionary entrepreneur, I'm Hugo Fillian, Co-Founder & CEO of Flare, revolutionizing blockchain technology to empower decentralized data management, computation, and innovation.

1. Hugo Ffillian is co-CEO of Flair, a third-generation blockchain focused on data enshrinement.
2. Flair has hit approximately one million wallets and sees 100-150,000 daily active users.
3. The team wants to improve the technology in the blockchain industry, with a focus on increasing its capacity for data handling and computation.
4. Blockchains can be used to build decentralized applications (DApps) like an uncensorable Twitter, but existing blockchains cannot handle all users and data.
5. Flair aims to enable secure off-chain computation for more complex DApps and services.
6. The betting market between the world's largest gamers is one example of what can be built using a decentralized platform with secure data handling.
7. Bitcoin has been used in places like Venezuela as a hedge against hyperinflation.
8. Flare seeks to provide value by offering data provision services that bring value from other blockchain ecosystems onto Flair.
9. Trust is not ideal in DApp development, as counterparties are often unknown and lack legal recourse.
10. Decentralized Finance (DeFi) applications rely on a trust-based model, which Flare aims to replace with a decentralized oracle system that offers greater security and transparency.
11. Oracles need to be secured in order for DeFi and other data-dependent applications to operate safely.
12. Hugo Ffillian has experience in finance, risk management, and machine learning; he left finance seeking more opportunities for innovation.
13. Flare was founded in 2018 by a team of three, initially working from a small office in the basement of a photography studio.
14. The team observed that wrapped Bitcoin on smart contract platforms relied on custodians, which went against the decentralized principles of Bitcoin.
15. Flare aims to create a bridge between Bitcoin and smart contract platforms without relying on middlemen or central authorities.
16. Data protocols were developed to securely transfer data from various blockchains and verify that certain events did not occur on those chains.
17. These data protocols have been expanded beyond the initial use case for a Bitcoin bridge, allowing Flare to bring in any open system's data in a decentralized manner.
18. This decentralized and secure access to external data allows for the development of DeFi applications on Flare, as well as future innovations.
19. Off-chain computation is essential for building practical blockchain applications that utilize large amounts of data from various sources.
20. Blockchain technology can provide a consensus mechanism for machine learning outputs and other valuable data sets.
21. Flare's biggest interest lies in exploring the use of decentralized systems to remove government control over financial markets, especially after the 2008 financial crisis.
22. The future of blockchain technology may involve distributed computation and consensus mechanisms that can provide value beyond cryptocurrencies.
23. Flare aims to become an essential component for data handling on various blockchains, regardless of where it is used or how it is implemented.
24. Flair's goal includes building applications with off-chain compute strategies that go beyond DeFi and provide value in people's day-to-day lives.

Source: EO via YouTube

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