Flare Network has just launched itself as the new blockchain for all data purposes to ease developers and users develop great novel DApps while being able to communicate with other blockchains, especially Ethereum Virtual Machine (EVM) blockchain ones.
Even though the idea seems innovative, mechanisms that Flare Network brought are already pretty common in the EVM space.
This is due to the fact that protocols like Chainlink and LayerZero already exist providing the exact same functionality while also already being popular among EVM users.
But is it exactly the same as Flare Network? Let’s talk about the differences between those protocols and blockchain in this article.
Infrastructure Differences
There will be three key differences that will be talked about in this article, mainly regarding the basic infrastructure and understanding of those protocols and blockchain.
The three aspects that will be discussed is distinguishing between are these all blockhains or not, what are their main individual focuses, and the basic advanced infrastructure of themselves which includes if it is a modular infrastructure or not.
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Is it a Blockchain?
Comparing the three projects means knowing what the projects actually are. To understand these projects, we have to understand if it is a blockchain or just a protocol built on top of a blockchain.
The first one is Flare Network. By the name itself, it is its own network, which means that the developers of Flare Project created it as an individual blockchain.
Flare Network is a Layer One EVM Blockchain that is developed for data purposes to help accommodate data inquiries between EVM and Non EVM Blockchains while being its own individual blockchain.
This is different from Chainlink, because Chainlink is a protocol that is built on top of the Ethereum Blockchain.
While it now has its own network for data purposes, it does not act as its own blockchain, which makes it different from Flare Network.
LayerZero is similar to Flare Network in the sense that it is its own blockchain. But the difference is that LayerZero is not an ordinary blockchain because the focus is only on helping other chains while not being its own blockchain.
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Main Focus
LayerZero focuses on only being an omnichain, which means that it accommodates transactions and data inquiries between more than one blockchain.
Omnichain essentially means that the chain acts as a layer zero, a layer behind the layer one blockchain for only moving tokens or data among those blockchains.
This is different from Flare Network as developers build decentralized applications or DApps on LayerZero, while in Flare Network, not only can developers and users send or receive data or tokens, they can also build DApps on top of it.
Chainlink on the other hand only focuses on being an oracle which provides and sends data from other networks off the blockchain to a blockchain or from another blockchain to another blockchain.
The main goal of Chainlink was to be a decentralized oracle, which helps blockchain gather and use data from outside of the blockchain world.
But with the innovation of its CCIP or Cross Chain Interoperability Protocol, now it can also accommodate transactions of data or token between blockchains.
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Modular Framework Infrastructure
Flare Network on the other hand has the ability to do them all, where it can be its own blockchain, it can process data from outside the blockchain world with its own oracle, and it can also accommodate data between blockchains.
All of these is made possible with the help of a modular framework, which is a term used when a protocol or blockchain uses a lot of layers in its network infrastructure.
Flare Network implements two types of Modular Framework, the first one is for its oracle, and the second one for its blockchain.
For the oracle, Flare Network has its own layer that acts as a bridge to send data or transactions between blockchains and its own layer that acts as an oracle to process data from outside the blockchain.
For the blockchain, it has two layers which are the C-chain to launch DApps and smart contract and a P-chain to accommodate staking and for any other activities for validators, similar to The Avalanche Blockchain.
Chainlink also implements a modular framework where it has its relay network to process transactions between chains and a decentralized oracle network for off-chain data purposes like collecting data from outside the blockchain..
The only one that does not implements a modular framework is the LayerZero as it is built like a normal EVM blockchain but for omnichain purposes only.
Conclusion
As can be seen from the comparison above, the most complete infrastructure belongs to the Flare Network so it might be a big contender for the two other projects.
But considering that it is still new, the development process might take a long time, and it also might take a while for people to recognize it.
Overall it is interesting to see the development of this project, especially since there are airdrops involved in the project and there might be more to come.
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