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.


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...

I Avoided Yield Farming & The Food Court But Here Are The DeFi Projects I am Accumulating

10 Sep 2020 3 minute read 8 comments Sapphire

Learn From The Past I was present in the 2016 and 2017 ICO craze and that has helped me navigate my way through this recent DeFi frenzy. Most of the projects from that time fell by the wayside or at least fell to the bottom end of Coinmarketcap where...

What is DeFi?

25 May 2020 7 minute read 8 comments CryptoJamm

DeFi is an acronym that stands for Decentralized Finance and is a movement that allows anyone to access traditional financial services such as borrowing, lending and trading without having to go through a central party. DeFi is one of the fastest gro...

After More Than 9000% Big Move Band Protocol Formed Bull Flag For Next Rally | Coinbase Pro Listing

17 Aug 2020 3 minute read 6 comments moon333

Hey friends hope you are well and welcome to the new update on Band protocol. This token has surged more than 9000%. In today's article, we will try to understand how this token completed the bullish setup and what kind of signals we had before this...

CC145 Free Tokens of BAND Protocol on Coinbase Earn

19 Dec 2020 1 minute read 15 comments Chesatochi

4 people can get $10 of BAND protocol if join under my affiliate link: https://coinbase.com/earn/band/invite/bvrnjmyq Introduction Do you love free education and receive free tokens while learning? You have now the opportunity with Coinbase Earn wit...

What is Band Protocol (BAND) anyway? A competitor of Chainlink!

20 Jun 2020 3 minute read 7 comments LiquidAttic

I saw that you can stake Band Protocol in the Atomic desktop wallet and mobile phone for 15% - 17% annual passive income. This is a very high press rate which cannot be earned with many tokens. And certainly not in a great wallet like Atomic wallet....

Band Protocol | Another Bullish Setup For Upto 401% Rally | Watch Details With Targets

30 Sep 2020 1 minute read 1 comment moon333

Hey, friends hope you are well and welcome the new update on the Band DeFi token. In this video you will watch how: The priceline of Band token has broken down 25, 50, and 100 SMAs and it can move down to 200 SMA as well.     Click here to create a...

LINK ... BAND ... MOON ...

10 Apr 2021 1 minute read 0 comments Nas.A

  Hello to my friends who love life and keep smiling despite all kinds of negativity. In this article I will tell you about "LINK and BAND" rivals. Although they are rivals to each other, they provide important services to the networks they serve. Bo...

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...

My First Mistakes

15 Apr 2021 3 minute read 3 comments john harding

Hello and thanks for reading. This is the second instalment of my blog.   This is where I discovered there is a steep learning curve in the crypto world.    I decided I would build my crypto portfolio some more and continue to stake. This time I deci...