CandleFocus Flare Network launches Flare Time Series Oracle v2 to boost performance, security, and scalability
2024-09-16
Author: Content Editor
Flare Network has released Flare Time Series Oracle version 2 (FTSOv2) on its mainnet, offering faster and more diverse data access for developers and users, while maintaining decentralization and security. FTSOv2 provides accurate and decentralized price feeds for collateral assessments, lending protocols, and trading decentralized applications (dApps). The new version supports up to 1,000 data feeds, including cryptocurrencies, equities, and commodities. It remains decentralized with independent data providers submitting price estimates to prevent collusion and manipulation. Open-source data feeds are available for free to dApps built on Flare, promoting wider adoption. FTSOv2 has potential applications in lending platforms, perpetual futures and options, cross-chain order books, and real-world assets. The system has been extensively tested and has maintained accuracy even during market volatility. Developers can easily integrate FTSOv2 into their applications with comprehensive resources and support provided by Flare Network.
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