{"id":566235,"date":"2021-03-27T16:28:32","date_gmt":"2021-03-27T13:28:32","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=566235"},"modified":"2021-03-27T16:28:32","modified_gmt":"2021-03-27T13:28:32","slug":"flare-networks-community-votes-yes-to-integrating-cardano-ada","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/flare-networks-community-votes-yes-to-integrating-cardano-ada\/","title":{"rendered":"Flare Networks Community Votes &#8216;Yes&#8217; to Integrating Cardano (ADA)"},"content":{"rendered":"<p><strong>In brief:<\/strong><\/p>\n<ul>\n<li><strong>In a Twitter poll, the Flare Networks community has overwhelmingly voted to integrate Cardano (ADA) as an F-Asset<\/strong><\/li>\n<li><strong>F-assets on the Flare Network are a trustless representation of the actual digital asset on another blockchain<\/strong><\/li>\n<li><strong>Cardano joins Litecoin, XRP, XLM and Dogecoin in a list of digital assets to be integrated into the Flare Networks<\/strong><\/li>\n<\/ul>\n<p>The digital asset of <a href=\"https:\/\/en.ethereumworldnews.com\/polkadot-trade-worth-37-33m-liquidated-in-latest-crypto-market-dip\/\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\">Cardano (ADA)<\/a> is on its way towards being integrated as an F-Asset on the <a href=\"https:\/\/en.ethereumworldnews.com\/how-to-prep-your-xrp-for-the-flare-networks-spark-token-flr-airdrop\/\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\">Flare Networks (FLR)<\/a>. The decision to integrate Cardano was reached via <a href=\"https:\/\/twitter.com\/FlareNetworks\/status\/1373022893093830656\" target=\"_blank\" rel=\"nofollow noopener\" data-schema-attribute=\"\">a Twitter poll<\/a> that overwhelmingly voted &#8216;Yes&#8217; towards the idea. Out of 25,402 votes cast on Twitter, 85.3% voted for the idea of integrating Cardano (ADA) as seen in the screenshot below.<\/p>\n<h2><a href=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/03\/Flare-Networks-Cardano-March-27th.jpg\"><img class=\"aligncenter size-full wp-image-566236\" src=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/03\/Flare-Networks-Cardano-March-27th.jpg\" alt=\"\" width=\"601\" height=\"352\" srcset=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/03\/Flare-Networks-Cardano-March-27th.jpg 601w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/03\/Flare-Networks-Cardano-March-27th-300x176.jpg 300w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/03\/Flare-Networks-Cardano-March-27th-500x293.jpg 500w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/03\/Flare-Networks-Cardano-March-27th-240x141.jpg 240w\" sizes=\"(max-width: 601px) 100vw, 601px\" title=\"\"><\/a><\/h2>\n<h2>Doge, XLM, XRP, Litecoin and Cardano (ADA) to Become F-Assets on Flare Networks<\/h2>\n<p>The conclusion of the Flare Networks community poll to integrate Cardano means that ADA will join other digital assets such as <a href=\"https:\/\/en.ethereumworldnews.com\/flare-networks-to-integrate-dogecoin-doge-prior-to-network-launch\/\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\">Dogecoin (DOGE)<\/a>, XRP, <a href=\"https:\/\/en.ethereumworldnews.com\/litecoin-to-soon-have-smart-contracts-via-flare-network-integration\/\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\">Litecoin (LTC)<\/a> and Stellar (XLM) as F-Assets on the Flare Network.<\/p>\n<p>To note is that the integration of Stellar (XLM) was announced by the team at Flare Networks back in late February through the following tweet.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Flare will be integrating <a href=\"https:\/\/twitter.com\/search?q=%24XLM&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">$XLM<\/a> as an F-Asset, bringing XLM to scalable smart contracts and a trustless gateway to <a href=\"https:\/\/twitter.com\/hashtag\/Stellar?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">#Stellar<\/a>. Decentralisation is far too important for maximalism. Ecosystems must be united. <a href=\"https:\/\/twitter.com\/StellarOrg?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">@stellarorg<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/UnlockingValue?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">#UnlockingValue<\/a><\/p>\n<p>&mdash; Flare (@FlareNetworks) <a href=\"https:\/\/twitter.com\/FlareNetworks\/status\/1365052160531197954?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">February 25, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>What is an F-Asset on the Flare Network?<\/h2>\n<p>An F-Asset on the Flare Networks (FLR) is a trustless representation of a digital asset with a home in another blockchain. What this means is that in the case of Litecoin, Stellar, Dogecoin, <a href=\"https:\/\/en.ethereumworldnews.com\/426m-additional-xrp-was-accumulated-for-the-flare-networks-snapshot\/\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\">XRP<\/a> and Cardano (ADA), an F-Asset of each will be represented on the Flare Networks using symbols of FLTC, FXLM, FDOGE, FXRP and FADA.<\/p>\n<p>Basically what will happen is that the holders of these digital assets who want to trade with a decentralized derivatives application on Flare, will put down a specific amount as collateral and then receive the corresponding F-Asset on the Flare Network. Once the F-Asset is created, the holder will now have a chance at participating in the various DeFi functions that will be available on the Flare Networks.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In brief: In a Twitter poll, the Flare Networks community has overwhelmingly voted to integrate Cardano (ADA) as an F-Asset F-assets on the Flare Network are a trustless representation of the actual digital asset on another blockchain Cardano joins Litecoin, XRP, XLM and Dogecoin in a list of digital assets to be integrated into the Flare Networks The digital asset of Cardano (ADA) is on its way towards being integrated as an F-Asset on the Flare Networks (FLR). The decision [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":564811,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[825,4656],"tags":[108079,108137,108259,6957],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/566235"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=566235"}],"version-history":[{"count":0,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/566235\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/564811"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=566235"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=566235"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=566235"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}