Flare Time Series Oracle (FTSO) is an essential technology of Flare Network, that provides secure and trustworthy price feeds for decentralized applications (dApps) and smart contracts on the platform. With the help of FTSO, transactions can be conducted in a highly secure, effective, and accurate manner. The FTSO (Federated Trustless Source of Data) is a decentralized and trustless source of external data such as asset values, that encourages reliability and protect the security of the network.

Decentralized oracles, also referred to as Signal Providers, are utilized by FTSO to obtain the price feed and are paid with $FLR tokens for specifying correct data. Token holders can assign their $FLR tokens to trustworthy Signal Providers to make sure that the price reports on the FTSO network are based on group wisdom. By doing this, token holders can support the upkeep of the network.

Property owners of $FLR are given rewards to join the sharing process administered by FTSO. They can benefit from providing accurate data by delegating their ballots to dependable oracles and benefiting from those rewards.To make sure the stability of the Flare Network, FTSO has adopted a delegation system and decentralized network of oracles. This will help fence out malicious players from manipulating the prices.

In conclusion, Flare Time Series Oracle (FTSO) is undeniably a vital part of the Flare Network ecosystem. It is necessary for carrying out secure and accurate transactions, as well as providing a dependable source of external data for smart contracts and dApps. The decision to delegate $FLR tokens to trustworthy Signal Providers will benefit players with rewards, while incentivizing them to provide reliable data.



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