Latest Posts with Band Protocol (BAND) tag

Band Protocol (BAND)

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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.


The State of Crypto: The Highest Gains for January 16, 2021

16 Jan 2021 6 minute read 11 comments bettercallpaul

The State of Crypto: The Highest Gains for January 16, 2021 by W. Paul Alexander for Better Call Paul Blog See my latest article here: --->  January 19, 2021 - Alt Season Picks up Steam!

Chainlink will make you happy

15 Jan 2021 1 minute read 3 comments Fab G

While all eyes are turned towards Bitcoin and the growing Polkadot, the Chainlink token LINK is growing significantly too... and almost silently. Why is it growing suddenly? Because Paxos has announced they adopt Chainlink oracles for their new DeFi...

Adding Oracle Syrup: BAND Liquidity on PancakeSwap

9 Jan 2021 2 minute read 24 comments PVMihalache

I hate to have my crypto slacking in wallets, and this is one of the reasons I am constantly looking for new opportunities to earn some residual income. I had some Band Protocol (BAND) from Coinbase Earn which I wasn't sure where to send, on Atomic W...

Top 5 Cryptocurrency Movers for January 8, 2021

9 Jan 2021 1 minute read 0 comments JakeB

Welcome to “Top 5 Cryptocurrency Movers” where I look at all the major crypto coins on the market and choose the five that made the biggest move (either positive or negative) on this day, explaining my thoughts why the move happened, as well as the h...

CoinGecko and Band Protocol (BAND) Partner to Establish Better Price Feeds

8 Jan 2021 1 minute read 0 comments Abhimanyu Krishnan

Market data aggregator CoinGecko and Band Protocol (BAND) have partnered to provide more accurate and reliable price feeds to users, according to a blog post published on Jan. 7. CoinGecko will use Band Protocol’s Band Standard Dataset to provide be...

Staking - BAND (Beginners' How-To Guide)

30 Dec 2020 3 minute read 12 comments Mynima

Introduction As many of you will be aware Band Protocol was recently featured as a part of the Coinbase Earn campaign. At the time I was quite excited to see Band featured here because the project really has come on leaps and bounds this year. In the...

TOP 5 Decentralized Oracle Projects 2021

29 Dec 2020 4 minute read 19 comments Cryptonator`s

Decentralized projects are the ones that I believe stand to make significant gains and provide very interesting passive income opportunities over the coming years. All Decentralized Finance applications need price feeds on token swap and loan collate...

Boxing Day Sale is on for these cryptocurrencies!

27 Dec 2020 1 minute read 0 comments crypto_moose

    Who doesn't like a good sale on cryptocurrencies? Well with the current forward momentum in to bitcoin as it continues to make newer all time highs many altcoins have tumbled in price and present a great opportunity to buy or to add to your stas...

Few words about BAND Protocol

25 Dec 2020 1 minute read 0 comments arro

Band Protocol ($BAND) is a cross-chain data oracle platform that aggregates and connects real-world data and APIs to smart contracts to facilitate the exchange of information between on-chain and off-chain data sources.Band Protocol initially launch...

Earn crypto while learning about crypto. BAND XLM COMP

21 Dec 2020 1 minute read 0 comments ClaudioxBarros

Band Protocol brings real-world data to blockchains like Ethereum, Solana, and Polkadot. Learn how it works and you’ll earn up to $43 in BAND tokens. https://www.coinbase.com/earn/band/invite/trnhkwy9 Compound is a protocol that lets anyone borrow...