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Flare is a distributed network that is utilized as a means of creating bridges between two networks. The native cryptocurrency used to power the network is known as FLR, and the cryptocurrency is used to interact with the smart contract on the network and for the payment of the transaction fees.
Dear users, we will support the Stellar Lumens (XLM) network upgrade.
A bit like an address out there in the physical or digital world, crypto address represents a single destination on the blockchain network acting as a medium of a transaction between a user and a sender. In short, an address is a single-use string of alphanumeric text forming a hashed versions of the private key, which designates cryptocurrency to a particular wallet on the blockchain network.