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๐Ÿš€๐Ÿš€ Flare Network, a popular layer one blockchain, is making waves in the crypto world with its focus on integrating external data into blockchain systems. CEO Hugo Philion, a former finance professional turned crypto enthusiast, is leading the charge. ๐ŸŒ๐ŸŒ Philion's transition from finance to blockchain was driven by a desire for more meaningful work. He found his calling in blockchain technology and machine learning, eventually co-founding Flare Network. ๐ŸŽ“๐ŸŽ“ Flare's mission? To tackle the complex task of incorporating external data into blockchain systems. Philion believes that using a centralized party to handle data defeats the purpose of blockchain, which is meant to be decentralized. ๐Ÿ’ก๐Ÿ’ก Flare is working to decentralize the data validation process, moving away from traditional, centralized oracles. The network recently released a deep dive on the shift to Flare Time Series Oracle V2, which enables 1000 prices with 90-second anchor updates and one block optional streaming updates. ๐Ÿ“Š๐Ÿ“Š Philion is also excited about the convergence of AI and blockchain, believing that blockchain can genuinely improve what currently exists in the AI space. He sees potential for blockchain to contribute to the creation of unbiased, verifiable AI systems. ๐Ÿค–๐Ÿค– On the topic of Bitcoin, Philion reveals that Flare Network holds a lot of Bitcoin as an organization, a decision that has paid off for them. He also sees the Bitcoin ecosystem as one that will truly appreciate Flare's decentralized data. ๐Ÿ“ˆ๐Ÿ“ˆ So, keep your eyes on Flare Network as they continue to push the boundaries of blockchain technology! ๐Ÿš€๐Ÿš€

๐Ÿš€๐Ÿš€ Flare Network, a popular layer one blockchain, is making waves in the crypto world with its focus on integrating external data into blockchain systems. CEO Hugo Philion, a former finance professional turned crypto enthusiast, is leading the charge. ๐ŸŒ๐ŸŒ

Philion's transition from finance to blockchain was driven by a desire for more meaningful work. He found his calling in blockchain technology and machine learning, eventually co-founding Flare Network. ๐ŸŽ“๐ŸŽ“

Flare's mission? To tackle the complex task of incorporating external data into blockchain systems. Philion believes that using a centralized party to handle data defeats the purpose of blockchain, which is meant to be decentralized. ๐Ÿ’ก๐Ÿ’ก

Flare is working to decentralize the data validation process, moving away from traditional, centralized oracles. The network recently released a deep dive on the shift to Flare Time Series Oracle V2, which enables 1000 prices with 90-second anchor updates and one block optional streaming updates. ๐Ÿ“Š๐Ÿ“Š

Philion is also excited about the convergence of AI and blockchain, believing that blockchain can genuinely improve what currently exists in the AI space. He sees potential for blockchain to contribute to the creation of unbiased, verifiable AI systems. ๐Ÿค–๐Ÿค–

On the topic of Bitcoin, Philion reveals that Flare Network holds a lot of Bitcoin as an organization, a decision that has paid off for them. He also sees the Bitcoin ecosystem as one that will truly appreciate Flare's decentralized data. ๐Ÿ“ˆ๐Ÿ“ˆ

So, keep your eyes on Flare Network as they continue to push the boundaries of blockchain technology! ๐Ÿš€๐Ÿš€

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๐Ÿš€Great news for all BTC enthusiasts out there! Fintech firm Circle has made its native USDC available on zkSync, the leading layer 2 rollup. This means developers and users can now access USDC without the need for bridging. ๐ŸŽ‰ USDC is now supported on a whopping 16 blockchain networks. This is a big deal because several ecosystem applications and DeFi protocols are expected to adopt native USDC on zkSync for various functions, including payments, trading, borrowing, lending, and more. Among the early adopters is Koi Finance, a prominent zkRollup defi platform built on zkSync Era. Other platforms jumping on the bandwagon include decentralized exchange SyncSwap and lending protocol ZeroLend. ๐Ÿš€ Circle has highlighted the benefits of using native USDC in financial transactions. As a regulated asset, it provides stability and assurance, being fully backed and redeemable at a 1:1 ratio for US dollars at any time. Moreover, its native status allows for easy integration into institutional on/off-ramps like Circle Mint, simplifying processes for institutions and users alike. Plus, its compatibility makes it easy to incorporate into existing applications, offering a straightforward solution for businesses wanting to integrate stablecoin functionalities into their platforms. ๐Ÿ™Œ It's important to note that there's a difference between native and bridged USDC. Native USDC, officially issued by Circle, maintains a consistent 1:1 redeemability for US dollars. However, there's also a variant of USDC called USDC.e on zkSync, which is USDC transferred from Ethereum through a bridge mechanism. This bridged USDC (USDC.e) is not issued by the company. This exciting update comes just weeks after Circle announced the integration of its USDC stablecoin into the zkSync ecosystem. Stay tuned for more updates! ๐Ÿš€๐ŸŽ‰
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