PAC Global has announced its IPFS-based decentralized storage product - Yan DNA.įor more information about PAC Global or if you are interested in partnering with us please contact David Gokhshtein, CEO at, visit us at or our website at Forward-Looking Statements Our network is based on the energy efficient Proof of Stake (PoS) algorithm which greatly reduces our overall carbon footprint. It is currently the largest truly decentralized data master node network in the world with over 12,000 active nodes located in approximately 30 countries. PAC Global (PAC), based in the US, is focused exclusively on providing next generation blockchain network solutions to solve real world problems. Decentralized storage is provided by PAC through its Yan DNA™ product on an as needed basis. Flare validators can additionally be hosted on the PAC network to expand the many Flare use case opportunities.
#FLARE NETWORK SERIES#
In addition, PAC Global nodes are invited to contribute to the Flare Time Series Oracle to earn Spark (FLR). Outline of the PAC Global + Flare Networks partnership – PAC Global and Flare networks mutually introduce their companies to each of their respective communities. This brings an unrivaled degree of decentralization to the oracle system and to Flare overall.” Hugo Philion, Co-Founder and CEO of Flare Networks, added: “PAC Global and it’s large network of master nodes will be contributing as data providers to Flare’s native oracle system called the FTSO. We feel that our networks truly complement each other and it is our belief that their technology is a real game-changer.” “Along with their very experienced management team, it is an exciting partnership for PAC Global.” According to Drew Saunders, Chairman of PAC Global, “Flare is a growing name in the blockchain industry and we remain very impressed with their platform.
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“Flare Networks utilizes unique technology that has allowed them to closely integrate with Ripple (XRP), Litecoin, Dogecoin and potentially many others” stated David Gokhshtein, CEO of PAC Global. This allows Flare’s native token, “Spark”, to be used both as collateral for the issuance of integrated chain assets onto Flare and as stake in Flare’s inbuilt oracle system.
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A key differentiator of Flare is that it does not rely on money or economic incentives to secure their network. Flare is built to enable the trustless usage of value from chains that do not have smart contracts with Ethereum Virtual Machine (EVM) based smart contracts on Flare. Flare is a new blockchain network based on the Flare Consensus Protocol – the first Turing Complete Federated Byzantine Agreement protocol. Cheyenne, Wyoming (February 8, 2021) - PAC Global, the largest data blockchain network in the world that utilizes energy-efficient master nodes, is pleased to announce a strategic partnership with Flare Networks.