Flare Network is a blockchain platform that aims to integrate the functionality of smart contracts with the XRP Ledger. It uses the Federated Byzantine Agreement (FBA) consensus algorithm to achieve fast, scalable, and secure transactions. Flare Network also supports the Ethereum Virtual Machine (EVM), which allows for the creation of decentralized applications (dApps) using Solidity, the programming language of Ethereum.
In addition, Flare Network provides a unique feature called the Spark token, which is used as collateral to generate new assets on the network through the Flare Time Series Oracle (FTSO). The Spark token is also distributed to XRP holders as part of the Flare Network's airdrop program.