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.


Fantom Launches Liquid Staking and Synthetic Assets Secured by Band Protocol on Mainnet

15 Dec 2020 2 minute read 9 comments Band Protocol

Fantom, the development team advised by Andre Cronje building a full-featured decentralized finance platform, has launched liquid staking and synthetic assets in partnership with Band Protocol. Leveraging Band Protocol, staked assets can become liqui...

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!

6 DeFi Projects with Interesting (Token) Economics

5 Jun 2020 11 minute read 11 comments D3F1

DeFi (Decentralised Finance) is the hottest thing in crypto right now in 2020 and unlike the ICO bubble that lasted less than a year in 2017, it doesn’t look like the DeFi train is stopping anytime soon. This time it’s for real. (source) The chart a...

Band Protocol (BAND) added to Coinbase Earn

8 Dec 2020 2 minute read 59 comments Mynima

UPDATE: It appears the verify glitch is fixed. Here is my link if you want to use it: https://coinbase.com/earn/comp/invite/26db3gwq    Introduction Just a quick public service announcement update. I was thinking to myself we've not had a Coinbase ea...

Top Things You Should Know About Band Protocol (BAND)

15 Jun 2020 9 minute read 14 comments MuyAsk

Hey guys :) I’m back with another comprehensive Q&A piece, this time for the up-and-coming decentralized oracle platform – Band Protocol (BAND). Band Protocol is a cross-chain data oracle platform that ensures interoperability between smart contracts...

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...

Fil Mooned Right Away After I Sold It. Am I One of the Weak Hands?

2 Apr 2021 4 minute read 2 comments DigiFinex

“Fil mooned right away after I sold it. I am the weakest hand in the crypto world.” said one of my friend who has been trading cryptocurrency for many years. He is a user during the public sale and bought FIL at the price of $2. After the FIL is unlo...

TOP 5 Decentralized Oracle Projects 2021

29 Dec 2020 4 minute read 21 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...

Band Protocol Joins OpenAPI Initiative Alongside Bloomberg, IBM, Microsoft to Define Common Data Standard

15 Dec 2020 2 minute read 0 comments Band Protocol

Band Protocol is proud to join OpenAPI Initiative as the first blockchain firm alongside Google, IBM, Bloomberg, eBay and Microsoft, to connect blockchain applications to common Application Programming Interfaces (API) and streamline the exchange of...

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....