{"id":7939,"date":"2024-02-01T10:44:46","date_gmt":"2024-02-01T16:44:46","guid":{"rendered":"https:\/\/flag.news\/?p=7939"},"modified":"2024-02-01T10:48:57","modified_gmt":"2024-02-01T16:48:57","slug":"how-flag-digital-and-thirdweb-are-powering-the-web3-revolution","status":"publish","type":"post","link":"https:\/\/flag.news\/how-flag-digital-and-thirdweb-are-powering-the-web3-revolution\/","title":{"rendered":"How Flag Digital and thirdweb are Powering the Web3 Revolution"},"content":{"rendered":"\n<p>Flag Digital and thirdweb are delivering the next generation of the internet, where users have more control, ownership, and privacy over their data and interactions with Web3 applications built on decentralized protocols and platforms that enable peer-to-peer transactions, trustless coordination, and censorship resistance.<\/p>\n\n\n\n<p>However, building Web3 applications is not easy. Developers face many challenges, such as:<\/p>\n\n\n\n<ul>\n<li>Onboarding users to Web3 wallets and educating them about blockchain concepts<\/li>\n\n\n\n<li>Accepting fiat payments and converting them to cryptocurrencies<\/li>\n\n\n\n<li>Deploying and managing smart contracts on multiple blockchains<\/li>\n\n\n\n<li>Scaling Web3 applications to handle high throughput and low latency<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">The Flag Blockchain &amp; thirdweb Solution<\/h2>\n\n\n\n<p>Flag Digital and thirdweb have teamed up to provide a comprehensive solution for Web3 development. Flag Digital is a web3 technology company that offers the Flag Blockchain, a high-performance, scalable, customizable, and secure smart-contract platform. thirdweb is a web3 development toolkit that helps developers onboard users with wallets, build and deploy smart contracts, accept fiat with payments, and scale apps with infrastructure.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<div class=\"youtube-embed\" data-video_id=\"cOL3tZd1RX4\"><iframe loading=\"lazy\" title=\"Major announcement for Flag Feb 1 2024\" width=\"696\" height=\"392\" src=\"https:\/\/www.youtube.com\/embed\/cOL3tZd1RX4?feature=oembed&#038;enablejsapi=1\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe><\/div>\n<\/div><figcaption class=\"wp-element-caption\">Hear Flag Digital CEO, Mike Magolnick&#8217;s Thoughts on the thirdweb Integration<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">What is the Flag Blockchain by Flag Digital?<\/h2>\n\n\n\n<p>The Flag Blockchain is a smart-contract platform that provides industry-leading performance and an unparalleled level of programmability for blockchain developers. The Flag Blockchain is EVM compatible and fully complies with ERC20, making it easy to deploy and interact with smart contracts on any EVM-compatible chain.<\/p>\n\n\n\n<p>The Flag Blockchain has several features that make it stand out from other smart-contract platforms, such as:<\/p>\n\n\n\n<ul>\n<li><strong>High Performance<\/strong>: The Flag Blockchain can process over 10,000 transactions per second (TPS) with sub-second finality, thanks to its innovative consensus algorithm and parallel execution engine.<\/li>\n\n\n\n<li><strong>Scalability<\/strong>: The Flag Blockchain can scale horizontally by adding more nodes to the network, as well as vertically by increasing the capacity of each node. The Flag Blockchain also supports sharding, which allows the network to split into smaller and faster sub-networks.<\/li>\n\n\n\n<li><strong>Customizability<\/strong>: The Flag Blockchain allows developers to customize their own smart-contract platforms by choosing the parameters, features, and governance models that suit their needs. Developers can also create their own native tokens and use them for gas transactions and peer-to-peer interactions.<\/li>\n\n\n\n<li><strong>Security<\/strong>: The Flag Blockchain employs advanced cryptography and security mechanisms to ensure the integrity and safety of the network and the smart contracts. The Flag Blockchain also has a built-in bug bounty program that rewards security researchers for finding and reporting vulnerabilities.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">What is thirdweb?<\/h2>\n\n\n\n<p>thirdweb is a web3 development platform that helps over 70,000 developers onboard users with wallets, build and deploy smart contracts, accept fiat with payments, and scale apps with infrastructure. thirdweb offers a powerful Solidity SDK, a library of pre-built and audited contracts, a 1-click deployment flow, and a production-grade server for scalable web3 apps.<\/p>\n\n\n\n<p>Tools and services that make them the ultimate Web3 development platform, such as:<\/p>\n\n\n\n<ul>\n<li><strong>Wallets<\/strong>: thirdweb provides a seamless user experience for web3 wallets, allowing users to create and manage their wallets without installing any extensions or apps. thirdweb also supports multiple wallet providers, such as MetaMask, Coinbase Wallet, and Fortmatic.<\/li>\n\n\n\n<li><strong>Payments<\/strong>: thirdweb enables developers to accept fiat payments and convert them to cryptocurrencies in real time, using Stripe, PayPal, and other payment gateways. thirdweb also handles KYC\/AML compliance and fraud prevention for the payments.<\/li>\n\n\n\n<li><strong>Contracts<\/strong>: thirdweb simplifies the development and deployment of smart contracts, using its Solidity SDK and library of pre-built and audited contracts. thirdweb also supports multiple blockchains, such as Ethereum, Binance Smart Chain, Polygon, and Flag.<\/li>\n\n\n\n<li><strong>Infrastructure<\/strong>: thirdweb provides a scalable and reliable infrastructure for web3 applications, using its serverless architecture and cloud services. thirdweb also optimizes the performance and cost of the web3 applications, using its caching, load balancing, and monitoring features.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">The Flag Digital and thirdweb Integration<\/h2>\n\n\n\n<p>By integrating the Flag Blockchain with thirdweb, Flag Digital and thirdweb enable developers to leverage the best of both platforms and create cutting-edge web3 applications with ease and efficiency. Developers can now use thirdweb\u2019s tools to deploy and manage smart contracts on the Flag Blockchain, as well as access the Flag Wallet, the native wallet of the Flag Blockchain, and the Flag Coin, the native coin of the Flag Blockchain that is used for gas transactions and peer-to-peer interactions.<\/p>\n\n\n\n<p>Some of the benefits of the integration are:<\/p>\n\n\n\n<ul>\n<li><strong>Faster and Cheaper Transactions<\/strong>: Developers can benefit from the high performance and low fees of the Flag Blockchain, which can process transactions faster and cheaper than other blockchains. Developers can also use the Flag Coin to pay for the gas transactions and avoid the volatility and congestion of other cryptocurrencies.<\/li>\n\n\n\n<li><strong>More Options and Flexibility<\/strong>: Developers can choose from a variety of smart-contract platforms that are compatible with thirdweb and the Flag Blockchain, such as Ethereum, Binance Smart Chain, Polygon, and others. Developers can also customize their own smart-contract platforms on the Flag Blockchain, by selecting the parameters, features, and governance models that suit their needs.<\/li>\n\n\n\n<li><strong>More Convenience and Security<\/strong>: Developers can enjoy a seamless and secure web3 development experience, using thirdweb\u2019s wallets, payments, contracts, and infrastructure services. Developers can also rely on thirdweb\u2019s and Flag Digital\u2019s expertise and support, as well as their bug bounty programs and security audits.<\/li>\n<\/ul>\n\n\n\n<h1 class=\"wp-block-heading\">See Troy Nihart &amp; Jake Loo&#8217;s Comment on the Integration<\/h1>\n\n\n\n<p>Flag Digital and thirdweb released a joint press release February 1, 2024 about the integration.  The press release is available on the wire at AP News.  In the release Flag Digital President, Troy Nihart, and thirdweb CTO, Jake Loo, comment on the integration.<\/p>\n\n\n\n<p><a href=\"https:\/\/apnews.com\/press-release\/ein-presswire-newsmatics\/texas-80f02c302648867f27ef575edb30538b\" target=\"_blank\" rel=\"noopener\" title=\"\">https:\/\/apnews.com\/press-release\/ein-presswire-newsmatics\/texas-80f02c302648867f27ef575edb30538b<\/a><\/p>\n\n\n\n<p>For a complete review of the distribution footprint of this press release, <a href=\"https:\/\/0e190a550a8c4c8c4b93-fcd009c875a5577fd4fe2f5b7e3bf4eb.ssl.cf2.rackcdn.com\/EINPresswire-Report2-685357290-flag-digital-announces-integration-of-the-flag-blockchain-with-thirdweb-1.pdf\" target=\"_blank\" rel=\"noopener\" title=\"\">CLICK HERE<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Conclusion<\/h2>\n\n\n\n<p>Flag Digital and thirdweb are two leading web3 technology companies that have integrated their products to provide a comprehensive solution for web3 development. The Flag Blockchain is a high-performance, scalable, customizable, and secure smart-contract platform that is compatible with thirdweb, the complete web3 development platform. Together, they empower developers to build the next generation of web3 applications with ease and efficiency.<\/p>\n\n\n\n<p>If you are interested in learning more about the Flag Blockchain and thirdweb, you can visit their websites:<\/p>\n\n\n\n<ul>\n<li><a href=\"https:\/\/flagblockchain.com\/\" target=\"_blank\" rel=\"noopener\" title=\"\">Flag Blockchain<\/a><\/li>\n\n\n\n<li><a is=\"cib-link\" href=\"https:\/\/thirdweb.com\/flag\" target=\"_blank\" rel=\"noreferrer noopener\">thirdweb<\/a><\/li>\n<\/ul>\n\n\n\n<p><strong>Flag News<\/strong> | <a href=\"https:\/\/flag.news\/category\/blockchain\/\" title=\"\">Blockchain News<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Flag Digital and thirdweb are delivering the next generation of the internet, where users have more control, ownership, and privacy over their data and interactions with Web3 applications built on decentralized protocols and platforms that enable peer-to-peer transactions, trustless coordination, and censorship resistance. However, building Web3 applications is not easy. Developers face many challenges, such [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7942,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[26],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO Pro 4.6.2 - aioseo.com -->\n\t\t<meta name=\"description\" content=\"Flag Digital and thirdweb have teamed up to provide a comprehensive solution for Web3 development and deliver The Blockchain for Everyone Solution\" \/>\n\t\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t\t<link rel=\"canonical\" href=\"https:\/\/flag.news\/how-flag-digital-and-thirdweb-are-powering-the-web3-revolution\/\" \/>\n\t\t<meta name=\"generator\" content=\"All in One SEO Pro (AIOSEO) 4.6.2\" \/>\n\t\t<meta property=\"og:locale\" content=\"en_US\" \/>\n\t\t<meta property=\"og:site_name\" content=\"Flag News - Stories That Matter\" \/>\n\t\t<meta property=\"og:type\" 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