119 Articles 6 Followers
Band Protocol (BAND) is a blockchain-agnostic protocol that enables interoperability between the existing world wide web and smart contracts through oracles for decentralized applications (dapps). In addition to bridging traditional systems with decentralized ones, the project’s solutions also tackle the pain points of speed, scalability and data flexibility.
The project was founded in 2017 by Soravis Srinawakoon, Sorawit Suriyakarn and Paul Nattapatsiri, who respectively serve as the project’s CEO, CTO and CPO. The project’s whitepaper was published in Q3 2018, with a revision that followed in Q1 2019. Private and public testnet versions of the network were launched in Q2 and Q3 2019 respectively.
Currently in the second phase of development, the features under construction are custom data oracle scripts and a custom scripting language. Subsequent development tasks include wider blockchain compatibility, more payment options and smart contract interoperability with enterprise software.
Broadly described by the development team as a “decentralized oracle framework for Web 3.0”, the protocol is based on the Cosmos (ATOM) Network and has the capability to process thousands of transactions per second. The network utilizes two tokens to facilitate its features, the native token BAND and “dataset tokens.”
The BAND token acts as collateral against which dataset tokens are issued. Dataset tokens represent ownership in various datasets that are used in data feeds. These dataset tokens can be used for governance and staking.
The team has already developed two functional applications of note: the data governance portal and the non-custodial BAND wallet. The latter is self-explanatory, storing the tokens that users will use on the network. The data governance portal is where users can purchase dataset tokens and commit to actions like staking. Governance decisions include deciding the cost of data query, dataset configurations and the number of data providers.
Learn more about Band Protocol (BAND) here, including news, price predictions, opinions and analyses created by users.
5 Sep 2024 3 minute read 0 comments Nathan Payne
In 2007, I played banjitar for a punk-rock Irish band in Austin. They were in the style and spirit of The Pogues, Flogging Molly, bands like that. I wasn't right for them, but we played a couple shows. The banjitar is a banjo with a guitar neck, o...
10 Jun 2023 4 minute read 0 comments Nathan Payne
Estimados Hnos. Jiménez, I overheard your concert in the backyard the other night. I liked the part where you led the entire audience in a rousing chorus of whatever you call that noise you make. The audience seemed enthusiastic, everybody singing...
6 Nov 2022 1 minute read 0 comments Cosmonauta
Band Protocol is a cross-chain data oracle platform that aggregates and connects real-world data and APIs to smart contracts. In simple words, it's Chainlink ($LINK) competitor but it's IBC enabled as well. Their latest update and some news created a...
24 Oct 2022 3 minute read 16 comments B18
We have always used Everstake, the Ukrainian Staking Service as our default validator for staking ATOM, XTZ, BAND and probably some others that we may have temporarily forgotten about. We went with Everstake as they were was the chosen validator for...
17 Feb 2022 1 minute read 0 comments moon333
If you like the video then don't forget to upvote/tip and share, thanks You can also support my work at Patreon for more ideas: https://www.patreon.com/moon333 In order to play and watch the current performance of the chart you need at least a...
13 Feb 2022 1 minute read 0 comments グルスキー (gursky)
By using Defi, you can lend virtual currency and earn interest, or pay interest and borrow virtual currency. Also, services such as "banks" and "exchanges" can be run without the presence of a specific administrator. The band protocol is responsible...
17 Oct 2021 1 minute read 0 comments Chesatochi
#band #oracles #cosmos Band Protocol is an outstanding player in oracles. Right now, they track over 22 foreign exchange rates, 2 commodities, and over 200 cryptocurrencies out of the box! Band Protocol website: https://bandprotocol.com/ ⏰ Time St...
13 Oct 2021 1 minute read 0 comments Chesatochi
#band #oracles #cosmos Band Protocol is an outstanding player in oracles. Right now, they track over 22 foreign exchange rates, 2 commodities, and over 200 cryptocurrencies out of the box! Band Protocol website: https://bandprotocol.com/ ⏰ Time St...
14 May 2021 1 minute read 0 comments Equilibrium
Band Protocol is the newest oracle provider to integrate its price feeds with Genshiro, a canary network of Equilibrium and a Kusama-based DeFi parachain. Genshiro will leverage Band’s oracles which provide scalability and users with the highest degr...
15 Apr 2021 3 minute read 3 comments john harding
Hello and thanks for reading. This is the second instalment of my blog. This is where I discovered there is a steep learning curve in the crypto world. I decided I would build my crypto portfolio some more and continue to stake. This time I deci...
