Ripple Ally Flare to Enter into New Staking Era, Heres What to Expect
The XRP Ledger-linked Rede Flare has announced a new update in its journey toward transitioning to proof of stake, where FTSO data providers will take on the role of network validators. Flare stated it is about to enter the second phase of its staking transition and will announce in the coming weeks when the staking will commence. We will soon enter phase 2 of 3 in Flares transition to a staking model, opening new opportunities to delegate stake to validators and earn rewards. The date when staking can commence will be announced in the coming weeks. – Flare ☀️ (@FlareNetworks) 12 de Setembro de 2023 In an earlier update, the Flare network stated it would transition to a staking model in three phases. Flare successfully started the transition to a proof-of-stake consensus model in July 2023. To onboard 33 independent FTSO data providers as the first approved infrastructure providers, the Flare Foundation staked a predetermined FLR self-bond amount to the validator nodes of those providers during this initial phase. This initial set was added to the previous 20 professional validators, bringing the total validator set to 53. Flare is poised to undergo the second phase of its staking transition now that phase 1 is complete. Phase 2 of








