Hello to my friends who love life and keep smiling despite all kinds of negativity. In this article I will tell you about "LINK and BAND" rivals. Although they are rivals to each other, they provide important services to the networks they serve. Both offer oracle solutions. Both serve as a bridge for smart contracts to communicate effectively with other traditional non-blockchain systems.
LINK is a decentralized Blockchain Oracle platform that can connect to real world applications, data and an API. It aims to bridge the gap between blockchain and legacy systems. Chain processing has smart contracts with parameters specified in a Service Level Agreement (SLA). Oracle collects data to prevent tampering, verifies it, saves it on the Blockchain.
If there is no negative development regarding Bitcoin, LINK looks set to explode. It will cross the $ 50 limit with the move it will make in a week.
BAND was initially launched on the Ethereum blockchain, but moved to the Cosmos network in June 2020 with the launch of Band Protocol 2.0. The new protocol is built on BandChain using the Cosmos SDK. Oracle nodes in BandChain not only transmit data but also participate in block generation / validation, giving them a dual role. Band Protocol is designed to be faster and more efficient than competitive oracle solutions. It supports Polkadot and Ethereum blockchain networks.
If there is no negative development with Bitcoin, the BAND cup-handle pattern shows $ 31.
LINK is taking firm steps forward with the power of the Ethereum blockchain. The disadvantage of BAND is that the number of projects in the Cosmos blockchain is incomparably less than the ethereum blockchain The number of tokens running and listed on the Cosmos blockchain on ConiMaketCap is 48. The number of tokens running and listed on the Ethereum blockchain is 4523.
My friends, I invested in both LINK and BAND. LINK long term, BAND short term (Cup and Handle formation in technical analysis)
It is not investment advice.
As I always said, listen to everyone, decide for yourself ...
I'm looking forward to your comments. Thanks to your comments, we can shape my next articles together. Let's stay in touch… Take care of yourself so that you and the people around you are happy…
If you are interested in research, love to share what you have learned and want to earn money in return, click here.