PAC Global Announces a Strategic Partnership with Flare Networks
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. Flare is a new blockchain network based on the Flare Consensus Protocol – the first Turing Complete Federated Byzantine Agreement protocol. 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. A key differentiator of Flare is that it does not rely on money or economic incentives to secure their network. 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.
“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. “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. We feel that our networks truly complement each other and it is our belief that their technology is a real game-changer.”
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. This brings an unrivaled degree of decentralization to the oracle system and to Flare overall.”
Outline of the PAC Global + Flare Networks partnership – PAC Global and Flare networks will mutually introduce their companies to each of their respective communities. In addition, PAC Global nodes will be invited to contribute to the Flare Time Series Oracle to earn Spark (FLR). Flare validators can additionally be hosted on the PAC network to expand the many Flare use case opportunities. Decentralized storage will be provided by PAC through its Yan DNA™ product on an as needed basis.
About PAC Global LLC
PAC Global (PAC), based in the US, is focused exclusively on providing next generation blockchain network solutions to solve real world problems. 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. Our network is based on the energy efficient Proof of Stake (PoS) algorithm which greatly reduces our overall carbon footprint. PAC Global has announced it will be releasing soon its IPFS-based decentralized storage product - Yan DNA.
For more information about PAC Global or if you are interested in partnering with us please contact David Gokhshtein, CEO at [email protected], visit us at @PACcoinOfficial, or our website at www.pacglobal.io.
This press release may include ''forward-looking statements.'' To the extent that the information presented in this press release discusses financial projections, information, or expectations about our business plans, results of operations, products or markets, or otherwise makes statements about future events, such statements are forward-looking. Such forward-looking statements can be identified by the use of words such as ''should,'' ''may,'' ''intends,'' ''anticipates,'' ''believes,'' ''estimates,'' ''projects,'' ''forecasts,'' ''expects,'' ''plans,'' and ''proposes.'' Although we believe that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks and uncertainties that could cause actual results to differ materially from such forward-looking statements. You are urged to carefully review and consider any cautionary statements and other disclosures that PAC Global may file from time to time. Forward-looking statements speak only as of the date of the document in which they are contained, and PAC Global does not undertake any duty to update any forward-looking statements except as may be required by law.