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.


15 New Tokens added to Pokket

8 Sep 2020 1 minute read 2 comments scythenoz

What is Pokket? Pokket is a structured savings platform that offers very attractive interests rates as compared to other lending platforms.  Some of the coins are offering as much as over 400% interest rates per annum such as BAND and LEND. How Does...

Band Protocol AND Sushi?! FUD or the masterminds behind the exit scam?

7 Sep 2020 1 minute read 1 comment Chewna

I am writing to you now after reading Band Protocol's official statement on Medium: Band Protocol's official statement So if you don't want to read it fully, I'll give you a brief overview. As many of you who are on twitter have seen, NomiChef dumped...

One Mans Low, Anothers High?

4 Sep 2020 1 minute read 0 comments pssyEatnPreacher

  I know I'm not the only one that has heard of the term defi winter or crypto winter. Unfortunately there are many people that are losing their profits with the fall of these coins and tokens and for them I offer my grievances because while I didn't...

What is Band Protocol? Stake Band Using Atomic Wallet for a 17% Return

1 Sep 2020 1 minute read 0 comments Jay Fried

What is Band Protocol? How to Stake Band for a 17% Return | Giveaway! Secure, Scalable / Blockchain-Agnostic / Decentralized OracleBand Protocol is a cross-chain data oracle platform that aggregates and connects real-world data and APIs to smart con...

Hot New AltCoin! DOS Network | How to Buy & Stake for a HUGE Return

31 Aug 2020 1 minute read 0 comments Jay Fried

Hot New AltCoin! DOS Network | How to Buy & Stake for HUGE Return A Decentralized Oracle Service Network to Boost Blockchain Usability with Real World Data and Computation Power The Oracle ProblemBlockchain empowered smart contracts are isolated fro...

What is band protocol, video introduction from earn on coinmarketcap

31 Aug 2020 1 minute read 0 comments Andann427

 https://coinmarketcap.com/earn/Although this campaign has concluded  and reached its end point, I think the material presented is worth more than the value of the band that was offered as a reward! https://coinmarketcap.com/earn/project/band-protoco...

Band Protocol | If This Bull Flag Works Then A Big Rally Can Be Triggered

28 Aug 2020 2 minute read 4 comments moon333

Hi friends, hope you are well and welcome to a new update on Band token. In my previous article, we have seen that this token has surged more than 9000% after March 2020 up till now. Recently on the 4-hour small-time period chart, the price action of...

Reasons Why Band Is Looking So Good Under $13

28 Aug 2020 2 minute read 6 comments Sapphire

You Have Not Missed It I am sure many are feeling like they missed the boat with BAND protocol and wish they could just rewind time a couple of months to when BAND was about a dollar! Well, you cannot rewind time but you can definitely take advantage...

Is Now The Time?

27 Aug 2020 1 minute read 0 comments pssyEatnPreacher

BAT, among other crypto, have been on a DECLINE the last couple of days. Looking at the graphs using the week view we see a decline in cost/value, and if the patterns are correct we should see a climb in cost/value once again.   Now that does this me...

What’s BAND Protocol (BAND)?

18 Aug 2020 1 minute read 4 comments NOWPayments

  There’s a need for real-world data to be connected to blockchain networks in order to ease production of smart contract principles and their enforceability. Data inherent platforms, which are blockchains, draw data from themselves. Despite being he...