Many people were asking me about @FlareNetworks. Let me put it this way, if it were possible to process XRP in a trustless manner on the Ethereum blockchain, it would be groundbreaking. This product claims to deliver the net effect of that functionality. 1/? https://twitter.com/FlareNetworks/status/1292853556282888195
While not quite as powerful as the promise of Codius, we all know Codius is a lame duck at this time, so being able to leapfrog right into fully matured EVM support is quite amazing. 2/?
One particularly notable possibility is the potential for the creation of a Uniswap hybrid smart contract that allows swaps between ANY two coins, the world's first truly chain-agnostic DEX. That's Babiggely beyond words.. 3/?
Where Flare has to prove itself as reliable is in the cross-chain agents feature. I do expect agents will invariably automate their roles, but they're still the Achilles heel, and I'm curious to see how their reliability plays out, particularly in high volume scenarios. 4/?
I hope to better understand their scaling and tokenomics over time as they progress with deliverables and adoption. The real world has a knack for exposing the limitations of any tech, as we can see with Ethereum's soul-crushing gas prices. 5/?
You can follow @galgitron.
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