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.


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...

Oracles - LINK, BAND, DIA & DOS & Why I Own All Four!

2 Feb 2021 2 minute read 11 comments Sapphire

An Absolute Necessity  ChainLink is a project that introduced the world to the need and brilliance of oracles. In short oracles provide a bridge between conventional commerce and the blockchain. This is a service that is pretty much inevitable and im...

Let's Explore The World Of Passive Crypto Income - Part 10

17 Nov 2020 2 minute read 0 comments Sapphire

A Downturn In The Alt Market Can Be A Good Thing The recent slump in the altcoin market has gone on a little longer than most anticipated but the market is starting to show the early signs of new life once again. I have been working a lot with DeFi s...

3 Top Staking Coins To Pick Up If Another Dump Strikes

8 Oct 2020 2 minute read 14 comments Sapphire

Prepare For The Best & The Worst In the event that markets drop further, it may be wise to go shopping for some quality staking projects. Ideally you want to find projects that offer 6% APR and higher. A coin that offers a 1% or 2% APR is not going 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...

BAND Reaches New All-Time High and Aims for $20 - (TA - 12th of February)

12 Feb 2021 1 minute read 3 comments pheonixdown-dee

The Band Protocol (BAND) price has increased rapidly over the past two days and is currently trading at an all-time high. Both technical indicators and the wave count support a continuation of the upward move towards $25 and possibly $32.   New A...

NEAR, BAND, ENJ: Technical Analysis April 5th

5 Apr 2021 2 minute read 1 comment pheonixdown-dee

Near Protocol (NEAR) has bounced at the $4.80 support area. It is expected to soon reach a new all-time high price. Enjin Coin (ENJ) has broken out from a short-term descending resistance line. It’s potentially gearing up for a new all-time high....

Equilibrium Teams Up with Band Protocol: Adding a Leading Cross-Chain Decentralized Oracle to the Fold

31 Mar 2021 2 minute read 1 comment Equilibrium

Band Protocol, the framework for custom oracles and a cross-chain decentralized oracle platform that provides access to more than 150 price feeds, has partnered with Equilibrium to secure stablecoins, lending, and synthetic assets on Polkadot. J...

Band Protocol Comes To Genshiro, Equilibrium’s Kusama-Based Parachain

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...

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...