Flare introduces a vision on how smart contract platforms can expand possibilities through decentralization, trustlessness, and censorship resistance by integrating Trusted Execution Environments and Protocol Managed Wallets.
Flare Today
Flare is an EVM-powered smart contract chain with two data protocols, the Flare Time Series Oracle and the Flare Data Connector. These protocols enable secure and rapid acquisition of Web2 and blockchain data, allowing developers to build innovative products on Flare.
Introducing Trusted Execution Environments
A Trusted Execution Environment (TEE) is a secure computing platform isolated from interference, providing blockchain applications substantial resources, including confidentiality and code verifiability. Flare uses TEEs to securely store private keys, receive data from reliable sources, and perform trusted operations.
Protocol Managed Wallets: Expanding Capabilities
Protocol Managed Wallets allow addresses on other blockchains to execute transactions based on Flare protocols' outputs while maintaining decentralization and security. This expands Flare's cross-chain transaction capabilities without requiring user interaction with every blockchain and supports new use cases including enhanced capital management.
Protocol Managed Wallets signify a major expansion of blockchain capabilities, providing Flare with the means to manage assets and execute transactions across networks. These innovations pave the way for the next chapter in cross-chain applications, with Flare poised to explore verifiable compute capabilities.
