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CEX.IO Spotlight: Songbird (SGB)

CEX.IO

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Core use cases of Songbird 

First and foremost, the Songbird serves as a testing system for changes that will be implemented on Flare, including integration of the latest F-Assets, modifications to the FTSO, F-Assets systems and other changes that could be implemented on the network. 

Additionally, the network will serve as a trial floor and developing laboratory of the community that will build applications that will later be onboarded on Flare. Having passed testing on Songbird, most of the applications will most likely be moved to Flare, particularly those that employ the FTSO and F-Asset systems. 

Songbird also serves as a procedure for FLR token holders to get acquainted with the most critical Flare protocols, for example, delegation to the FTSO and running applications that build on Flare, yet without risking their FLR coins. 

Flare also launched a DEX called FLareX on the Songbird Network. Users can trade, hodl, and invest in cryptocurrencies in a decentralized way without an intermediary and have complete control over their assets. 

The issues that Songbird (SGB) fixes

Serving as a testing ground for Flare, the Songbird network aims to fix several issues. As problems are discovered during the testing phase and removed, this serves as a great way to boost the security, stability, and usability of both Songbird and later Flare, if the tested dApps are launched on Flare. As a result, the Flare ecosystem becomes trustless. A byproduct of this is a large community of testers that assist developers in making their products better. 

Lack of interoperability

Songbird enables the blockchains that came before smart contracts existed to become interoperable. For example, blockchains such as bitcoin or ripple could not operate smart contracts. Many earlier networks still can’t use smart contracts. Songbird solves this issue and helps developers who build on those networks by providing them with essential services as it operates as a second-layer protocol. As a result, functionality and scalability are improved, bringing down blockchain congestion. 

At the end of March of 2022, the Flare ecosystem introduced a State connector, an innovative technical solution meant to tackle universal interoperability, which was one of the most disappointing issues in the global blockchain community. It has the following features:


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