🚨 FLARE NETWORK – SONGBIRD: TAKING OVER THE WORLD OF FINANCE!!!!🚨 #Finance

hey Crypt growth fam how’s it going this is your host Shaz signing in we’re back with another CashNews.co guys in this CashNews.co we will be discussing flare Network taking over the world of text-decoration: none;">Finance it’s going to be an interesting one guys so make sure to watch watch till the end and folks for those of you who are new to the channel we primarily discuss utility coins and potential gems if you’re interested in any of that stuff then subscribe the

channel and hit the notification icon for regular CashNews.cos and you can also support the channel by becoming a patreon so do check that out as well only if you’re interested and folks keep your Assets safe and for that you guys can check out the

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Assets in a cold Hardware wallet so do check out descent and be safe anyways guys now let’s see what’s happening with Flare with Hugo with the flare Community what’s new so guys be let’s start with the community look at this this is L xrp flr breaking out of

the falling wedge and is above the F50 moving average since a long time and testing the 50 moving average again I wonder what happens next so look at this guys massive support with this trend line over here then we’ve got lines over here this is a small this is a falling wedge over here guys

as you can see so if if it breaks out if it has basically broken out through this area it is it has retested this if if if it retest this and sustain the support level I think that uh the price can go way up from this level guys look at this if it the this is a really crucial Z area over here this

indeed is a massive support if the price rebounds uh with Vigor with energy vehemently we might see a really great move up and breaking resistance along the way so awesome look at this defi daddy wake up people defi is going to take over the world of

style="font-weight: bold; color: #1a73e8; text-decoration: none;">Finance kinetic is the Bank of flr with f Assets borrowing and lending for PTC and xrp and hundreds more guys F Assets indeed is a game changer guys if it basic if the market reacts to it and the

utility basically uh asides from Market if the utility kicks in guys uh it has the potential to be huge look at this kinetic Market in the not too distant future jeel will be listed on a new big centralized exchange the steady expansion of flare networks defi continues jewel is coming to a new big

centralized exchange so great news from uh kinetic and uh Flair trying to take over the world of Finance with its defi let’s see what’s happening on official handles okay so this

is two hours ago why we believe enshrining greater than staking decoding Hugo filion reaking look at this guys avs2 contains slashing risk one and slashing Risk 2 okay so number one guys why is it better or greater and shrining according to this post risk exposure reusing the layer one token

introduces risks across all staking layers potentially impacting deps dependent on restak Security operation burden every additional AVS increases complexity costs and responsibility node operators face higher risks as scaling missteps could result in slashing events number three

Capital competition AVS providers must offer better Yields than ethereum taking APR intensifying competition so intense competition guys ultimately can be a good and it is a double-edged sword uh in my opinion this could in advertently affect ethereum’s

overall network security and shrining uh on the other hand integrates it integrates essential like oracles directly into the core of the blockchain at flare networks that that means every Oracle feed enjoys Network level security guys look at this all Network validators stake plus delegate these

are the flr holders all validators contribute to every price guys every single price feed and network agrees every update based on stake blockchain and web 2 Oracle flare time series Oracle over here daps flare onchain guys so Hugo has also given his take his take over here in Hugo V trust so

let’s see what hug Hugo has to say a hill I will die on and shrining greater than reaking from a security perspective reaking just uh self hypecat the layer one token embedding the risk of each layer of staking reaking the further along the reaking stack the more Fragile the security becomes

reaking exposes each service to a competition for Capital across services and against defi so basically believes that it is against the ethos of defi reducing the potential secure security available for each service relative to using the layer one tool token directly

href="https://cashnews.co/crypto" style="font-weight: bold; color: #1a73e8; text-decoration: none;">Crypto was founded at a time of intense realization of the risks to financial engineering it is sad to see the same mistakes being repeated so reaking is double counting and instead of

Yield you get some points that are not redeemable enshrining beats reaking for security reaking adds too much risk and fragility as it LS repeating past Financial engineering mistakes on point another example of this wild west like phase we are still in uh and the key word is

that’s still in still a lot of projects haven’t learned so although it does appear to be maturing at a more rapid fa Pace uh hopefully soon we will see the heart of what this pace was truly about take Center Stage a DI hard of true decentralization that also brings maximum security we

love Hugo so uh talking about Hugo let’s see has he posted any new interesting stuff about defi about flare so what is this data is the backbone of the modern world especially in defi H Hugo fillian CEO of flare Network guys uh that data guys indeed is the backbone of the modern world guys

this is where the the title of uh this CashNews.co comes from guys explore how flare network is leveraging blockchain and AI to build a more secure and efficient Oracle system let’s see what this is FL is uh layer one runs the ethereum virtual machine its key difference is that it has

enshrined oracles and what this means is that traditionally you have a blockchain and you have an external Oracle system the Oracle system does not derive security from the blockchain it has to create its own security model and most of them don’t have a very strong or well definable security

model oracles are securing $40 billion of value there are losses that people can take from Bad Oracle prices what we’ve done is we basically put those oracles that are traditionally external to the chain we’ve made them part of the chain and unified the security model of the data with

the security model of the chain so that essentially what is securing the validators is also securing the oracles that makes it more honest it also means that you can quantifiably understand how much value is securing a market you’re using kind an obvious thing to do and I don’t know why

people didn’t do it before guys I totally agree with this because uh flare is doing everything internally it has enshrined Oracle system it has an enshrined oracle system guys uh you do not rely on third parties on other external players to provide you data that can further compromise

Security in the Long Haul you never know guys you never know when you when you rely on external sources for your own data uh that I I think that isn’t secure guys that that is a risk in and of itself so flare being a lay one it is relying it is self-reliant it is basically so Sovereign in its

approach of how it deals with stuff so further enhancing its use case and Security in the process so what else do we have over here okay so this is from flare official handle three challenges to onchain AI adoption number one complex compute number two data richness number three confidentiality and

there’s a possible solution who wants to hear more so guys let’s see is so right now the primary challenge is the amount of compute that’s required to actually perform AI um so I I actually mentioned three of these challenges so the first one is scalability uh how do we actually

get the complex compute that’s required by uh AI second is data richness how do we get the huge amounts of dat data required by AI uh and a third one which you can can also think about is confidentiality right let’s say I’m dealing with some sensitive data it could be things like

healthcare data and so on I maybe don’t want to publish all that data to the blockchain right um because I I want that data to remain private especially if I’m like an institution or something I want that data to to remain private and remain confidential right the question then becomes

is how do we solve all three of those problems right uh and I think ver if iable offchain compute it allows for all three of them to be solved you can get the level of scalability that you need to actually build AI without actually sacrificing any of the verifiability guarantees that you come to

expect with web three so those are the three challenges and that’s a that’s a possible solution so guys F Network providing uh solutions to data related problems keeping it secure keeping keeping it safe keep it keeping it efficient keeping it scalable along the process uh guys before

we cap it up I want to show you another event that uh Hugo is becoming a part of you guys can see that just a moment where was it yeah so October 22 to 23 for those of you that are in Dubai UAE you can hear Hugo speak Hugo the co-founder of flers CEO of flare Labs the main event in the heart of

href="https://cashnews.co/crypto" style="font-weight: bold; color: #1a73e8; text-decoration: none;">Crypto you guys can see that Hugo fillian takes the stage at blockchain life 2024 in Dubai the co-founder of flare networks and CEO of flare lab Shares his insights in 22 days

over 10,000 attendees uh from 120 plus countries join the Crypto event of the Year guys for uh for those of you that are interested guys they can buy tickets blockchain life.com so I really

like these events guys because it gives exposure to what flare is doing and Hugo is a really good speaker so an orator a good speaker so it’s good anyways guys what do you guys think about flare network uh and uh and it’s data related Solutions Oracle related Solutions do you think data

is indeed the blockchain of modern society I would really like your opinions do hit the comment box below and let the community know anyways guys this was it for the CashNews.co if you liked it make sure to like share comment subscribe and hit the notification icon if you’re interested in

utility coins and potential gems and you can also support the channel by becoming a patreon so do check that out like I always say in the end until next time stay blessed and stay tuned thank you very much everyone