Flare Networks Announces Strategic Investment from Ripple’s Xpring

November 06, 2019 at 09:00AM

FCREG

Flare Networks today announced it has received a strategic investment from Xpring, Ripple’s initiative to build an ecosystem around the XRP Ledger (XRPL). The Flare Network is built on the Flare Consensus Protocol, which is the first Turing Complete Federated Byzantine Agreement (FBA) algorithm. Flare’s native token will be an algorithmic stablecoin created in part by burning XRP.

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