Flare claim to be the world's first Turing complete Federated Byzantine Agreement (FBA) network
Also leveraging EVM (Ethereum Virtual Machine) as a scaling method for smart contract networks without relying on the native token, the Spark, for securing the protocol.This provides greater flexibility as to how they can use Spark.
Building applications on the Flare Network relies on three components:Spark used as collateral.
Spark used to contribute to the Flare Time Series Oracle providing on-chain
data estimates
Spark used as a participation in governance
Read more about Flare and their Token Spark here on Flare's website https://flare.xyz/
Claiming Spark
All XRP owners except (Ripple Labs and certain previous employees of Ripple Labs and any exchanges that have not confirmed their support to Flare) will be able to claim the Spark token. So this also means if your XRP are on one of those exchanges then you will not get the Sparks.
There are 45 Billion Spark tokens available to claim. And there are about 45 Billion XRP tokens that are distributed to non Ripple Labs holders. These are distributed across holders who hold the coins themselves and those that keep their XRP at an exchange or other provider.
First, a snapshot will be taken of all XRP Ledger addresses at a specific ledger index number.
Second, from this snapshot known addresses belonging to: Ripple Labs and the others will be removed.
The right to claim the 45 Billion Spark tokens will then be distributed to the remaining addresses at a rate of 1:1 But since the Ripple Labs and co addresses will be removed this may result in some people receiving more than 1 Spark/XRP token that they hold
Thanks to Wietse Wind (@WietseWind) at XRPL Labs for releasing an very simple tool for self-custodied XRP holders that use the Ledger hardware wallet or the XUMM app to prepare their XRPL accounts to receive Spark tokens.
For the step by step guide visit
For FAQ from Flare Website:
https://flare.ghost.io/claiming-spark-faq/
Flare on Twitter:
@FlareNetworks
Thank You for reading and hope you claim your Spark Tokens!
