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.


Free $10 in Band Protocol tokens brought to you by CoinMarketCap.

13 Aug 2020 1 minute read 7 comments alberdioni8406

Yes, your read it well and it's time to make some free Band Protocol tokens worth $10 in courtesy by CoinMarketCap the Binance owned data provider company. Coinmarketcap introduced a reward program to teach about Cryptocurrency to anyone who wanna le...

Coinmarketcap X Band Protocol (BAND) Learn & Earn Program 🔥 Top Project, CMC Rank: 48

12 Aug 2020 1 minute read 4 comments FreedomBuilder

  📈 Band Already Listed on Binance Market. 🎁 Total Reward: Receive up to $10 worth of BAND. ✅ Sign up at CoinMarketCap. ✅ Go to Binance and get your Band wallet address. ✅ Band Protocol Learn & Earn Program. 🔶 Tasks:📌 Sign up at CoinMarketCap & login...

Band Protocol Partners with Coinmarketcap

12 Aug 2020 1 minute read 1 comment Abhimanyu Krishnan

High-performance blockchain and oracle provider Band Protocol (BAND) announced a partnership with crypto price tracker CoinMarketCap on August 12. The collaboration will result in users being rewarded for participation in an education program. Band...

What Is The Best Oracle? LINK, BAND, REP, DOS, TRB, AE

8 Aug 2020 4 minute read 8 comments ☑️Arͬcͨaͣ🅽🅶eͤl̜̝̖̼͔̞̃ͮ͑̐̉͌🅾➏➏➏

Oracles are essential for realizing the economy of blockchains and their decentralized applications. Obviously these are tools that do not foresee the future but allow blockchains to learn the result of an event (from the real world). As such, they m...

Chainlink, BAND, and Tellor 🚀 The Oracle Boom Explained

6 Aug 2020 2 minute read 30 comments Cryptonator`s

Oracles like Chainlink, BAND, and Tellor appear to be seeing an increase in demand. For example, yesterday within one hour, the price of BAND surged from $5.6 close to $8. What are the reasons for the recent success of oracles? The Oracle Boom On the...

This Chainlink competitor is also having a bull run

25 Jul 2020 4 minute read 10 comments paragism

Cover Image Source - modified “It's not a coincidence that the growth of DeFi coincides with a growing abundance of high-quality oracles,” - Chainlink founder Sergey Nazarov Over 3 Billion USD value is locked in DeFi or decentralized finance today....

Four Newcomers To Crypto Could Outperform Bitcoin And Ethereum To Become Best Investments Of 2020, Says Lark Davis

19 Jul 2020 1 minute read 0 comments PassionCryptodotcom

Popular crypto researcher Lark Davis believes that a number of decentralized finance (DeFi) projects that are not based on Ethereum have significant growth potential. He specifically points to the benefit of four little-known crypto assets that he be...

Understanding Blockchain Oracle- Part I

18 Jul 2020 3 minute read 1 comment Ruma

If you are from a technical background you must have heard about the term Oracle. The Oracle is a database which can store enormous data. Many big organizations use this database for their data warehouse and other data-related projects. But how this...

Hard Rock Band Great White Plays Large Concert In North Dakota With No Restrictions, No Social Distancing, No Masks (Video)

13 Jul 2020 1 minute read 2 comments XRPRaccoon

  The 80's Hard Rock band Great White played their first show in some time on July 9th in Dickingson, North Dakota as part of the areas First On First: Dickinson Summer Nights" Festival. Check out video footage here: https://www.youtube.com/watch?v=T...

What is Band Protocol (BAND)? [A Comprehensive Guide to Understanding Band Protocol]

25 Jun 2020 5 minute read 3 comments Mr.CryptoWiki

Cryptocurrency projects have evolved greatly from its early days of being purely payments based services or more generally focused on very broad use cases. Most recent years have seen a new trend emerge, one where projects are building protocols that...