Songbird price series#

It was instrumental for deploying and testing the underlying network and the Flare Time Series Oracle (FTSO), which is the first of three protocols that'll eventually 'combine to enable approximately 65% the value in the crypto industry to be used trustlessly on Flare with highly scalable Ethereum Virtual Machine (EVM)-based smart contracts,” The Daily Hodl said. SGB’s 'observation mode' phase concluded in late September of 2021. That supply is kept scarce, by design, as features for Flare (main net) are thoroughly tested, the Songbird team has said.

It’s a fully operational blockchain with a pre-defined token supply. DOGE) of/for the people but in need of more functionality, explained Hugo Philion, a co-founder of the Flare Network.Īlthough often compared to a testnet, a canary network is live, subject to real-world conditions. It’s focusing, to start, on popular, community-supported coins (e.g. Songbird is designed to be a permanent breeding ground for Flare, specifically built to be an enabler for those blockchains otherwise incapable of running smart contracts.

Launched in September 2021, Songbird is Flare's 'canary,' or live beta, network. This still-in-development protocol aims to bring smart contract functionality to a slew of non-Ethereum-run layer-1 assets, such as Litecoin, Dogecoin, Stellar and XRP, currently lacking it. Firstly, a word about Flare, a recent entrant into the crowded and competitive 'interoperability' space now energizing the entire blockchain industry.