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  1. It hasn't been discussed much but I wanted to explore some of the Flare architecture because it creates a fascinating head-to-head battle with ETH. First, here's my understanding of Flare, summarised by @jn_r That's what I thought as well after reading the 2 whitepapers. They've used a hybrid model similar to something proposed by Emin Gun Sirer to "help" ETH. Emin is Professor at Cornell and CEO for AVA Labs which is developing Avalanche. Ethereans point-blank refused this idea, considering his suggestion a trojan horse to undermine ETH development roadmap. They were right to be worried of course because Avalanche has already overtaken ETH 2.0 which looks like it's going to be stuck in a 2017 PoS and sharding models that failed to impress across a range of other cryptocurrencies. It's taken Consensys, Joe and Vitalik so long to get their act together (they've been aware of ETH scalability problems for over 4 years now) that community developers have started leaving ETH for other projects that make easy money. I think the explosion of DeFi projects is part of that urgency although they've all run into the same walls that Cryptokitties did. Gas prices and settlement bottlenecks. That's not accounting for the monumental risks of moving the entire ETH platform, users and wallets across to ETH 2.0. If you take a look at the roadmap, the plan is to maintain 2 separate chains in parallel as phases roll out. And you can only move ETH in one direction to the new PoS platform, praying that funds are #safu. Holy cow - what a mess this will be. But hella fun to watch from the sidelines. Which brings us to Flare. The smart folk at Flare (probably under the coaxing/supervision of the smart folk at Ripple) started with a clean slate and have taken the best of all worlds. I'm not convinced about the use of EVM which is a dog's breakfast of a programming language and will need to be updated/replaced eventually. I suspect Flare used EVM as a competitive play for portability, market share and developer mind-share (a long standing problem for XRPL). Even better is how they kept everything simple. The benefit today is that Flare will be able to port most of ETH's smart contracts and (eventually) allow users to settle in ETH. At the outset, settlement can only go between Flare to XRP with other coins to follow but that's fine because we'll be able to compare and contrast. This thing is big. Real big. If DeFi projects take off in any meaningful way on Flare, taking advantage of XRP's liquidity, settlement speed and lack of bottlenecks, we may well witness one of the biggest shifts in crypto ever witnessed. It's a big IF but the barriers of entry to the Flare network will be low so it's "level playing field" and all that good stuff. It's incredibly exciting news for me personally as a lawyer who's waited for smart contract functionality for the XRPL but I'm holding off getting too excited after the Codius let-downs. All said, the ease of replicating EVM/DeFi contracts is going to create a fascinating competitive environment. That's topped off by the excellent airdrop policy (excluding Ripple - and hopefully Jed and other founders) and Flare's governance/voting model that should be a benchmark for other projects to follow. What's there not to like? Buckle up!
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