What is Band Protocol? How to Stake Band for a 17% Return | Giveaway!
Secure, Scalable / Blockchain-Agnostic / Decentralized Oracle
Band Protocol is a cross-chain data oracle platform that aggregates and connects real-world data and APIs to smart contracts.
Blockchains are great at immutable storage and deterministic, verifiable computations. However, they cannot access trusted real-world information available outside their networks. Band Protocol enhances smart contract functionalities by granting them access to reliable data without any central points of failure.
Decentralized Finance applications need price feeds on token swap and loan collateralization process. With Band Protocol’s built-in price oracle, developers can build DeFi with an absolute peace of mind that the price feeds they’re using are robust and tamper-proof.
BandChain is designed to be compatible with most smart contract and blockchain development frameworks. It does the heavy lifting jobs of pulling data from external sources, aggregating them, and packaging them into the format that’s easy to use and verified efficiently across multiple blockchains.
BandChain is a High-performance Blockchain Built for Data Oracle
Based on Cosmos' state-of-the-art SDK, BandChain can process thousands of transactions per second with instant finality and the ability to send oracle data across multiple blockchains.
BandChain enables smart contract and blockchain developers to connect their decentralized applications with any open APIs via a customizable Data Oracle Script, which is programmable in any language compatible with the WebAssembly standard.
Band Protocol Ensures Interoperability between Smart Contracts and the Rest of the World
One of the biggest challenges for the any decentralized application is to have access to trusted data and services over the traditional Web 2.0. Band Protocol tackles this problem by building a decentralized bridge to enable secure interoperability's between smart contracts and the traditional web.
Connecting Blockchains and Smart Contracts to Trusted Real-World Data and Services
Smart contracts rely on external price feeds, events, and values provided via traditional web APIs to resolve its logics and enable secure token transfers. Band Protocol provides a secure, blockchain-agnostic, decentralized oracle framework for Web 3.0 applications. It connects smart contracts with trusted off-chain data and ensure the integrities through token economic incentives, effectively creating a trusted information bridge between the Web 2.0 and the Web 3.0 of the future.
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