api: News of Band Protocol (BAND) - July 2024 Price Update - 7% Breakout Crypto News and Analysis

Explore the Core.

Band Protocol is a cross-chain data oracle platform that is able to take real-world data and supply it to on-chain applications, while also connecting APIs to smart-contracts to facilitate the exchange of information between on-chain and off-chain data sources.

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Explore the Core.

Band Protocol is a cross-chain data oracle platform that is able to take real-world data and supply it to on-chain applications, while also connecting APIs to smart-contracts to facilitate the exchange of information between on-chain and off-chain data sources. By supplying reputable, verifiable real-world data to blockchains, Band Protocol unlocks a range of new use cases for developers to explore — since they can now use any type of real-world data as part of their decentralized application (DApp) logic, including sports, weather, random numbers, price feed data and more. Band Protocol initially launched as an ERC-20 project on the Ethereum blockchain in September 2019, but transitioned to the Cosmos network in June 2020 with the release of Band Protocol 2.0. The new protocol is built on BandChain using the Cosmos SDK. Oracle nodes on BandChain not only relay data but are also involved in block production/validation, giving them a dual role. BAND is the native token of the Band Protocol ecosystem and is used as collateral by validators involved in fulfilling data requests, as well as the main medium of exchange on BandChain — being used to paying for private data.

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Explore the Core.

Band Protocol is a cross-chain data oracle platform that is able to take real-world data and supply it to on-chain applications, while also connecting APIs to smart-contracts to facilitate the exchange of information between on-chain and off-chain data sources. By supplying reputable, verifiable real-world data to blockchains, Band Protocol unlocks a range of new use cases for developers to explore — since they can now use any type of real-world data as part of their decentralized application (DApp) logic, including sports, weather, random numbers, price feed data and more.

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Explore the Core.

Band Protocol is a decentralized oracle project that connects the world’s data to the blockchain ecosystem. It uses a public blockchain — dubbed the BandChain — which allows any entity to request data from application programming interfaces (APIs) or other traditional web services. Band Protocol’s main focal points are speed and scalability, cross-chain compatibility, and data flexibility. Band Protocol seeks to provide reliable data to a wide variety of public blockchains — with response times measured in seconds.

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Explore the Core.

Band Protocol is a decentralized cross-chain data oracle platform designed to connect real-world data and APIs to smart contracts. Operating on BandChain, an independent Delegated Proof of Stake (DPoS) Blockchain built using the Cosmos SDK, Band Protocol provides efficient oracle computations, including data sourcing, aggregation, and computation. Validators in the network stake BAND tokens to secure the network and earn a share of the fees generated by the protocol. The main goal of Band Protocol is to solve the issues faced by smart contract applications that lack access to real-world data. The protocol offers scalability to handle high-volume data requests with reliable transaction speeds and minimal latency, cross-chain compatibility, and data flexibility

Professional Author and Crypto Trader

Explore the Core.

Band Protocol is a cross-chain data oracle platform that is able to take real-world data and supply it to on-chain applications, while also connecting APIs to smart-contracts to facilitate the exchange of information between on-chain and off-chain data sources. The project first launched on the Ethereum Blockchain network but later moved on to the Cosmos ecosystem in the year 2020. They have been able to launch their own network through the Cosmos SDK.

Explore the Core.

Band Protocol is a decentralized cross-chain data oracle platform designed to connect real-world data and APIs to smart contracts. Operating on BandChain, an independent Delegated Proof of Stake (DPoS) Blockchain built using the Cosmos SDK, Band Protocol provides efficient oracle computations, including data sourcing, aggregation, and computation. Validators in the network stake BAND tokens to secure the network and earn a share of the fees generated by the protocol. The main goal of Band Protocol is to solve the issues faced by smart contract applications that lack access to real-world data. The protocol offers scalability to handle high-volume data requests with reliable transaction speeds and minimal latency, cross-chain compatibility, and data flexibility

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