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.


ORACLE...BAND PROTOCOL...

13 Feb 2021 1 minute read 1 comment Nas.A

  Hello to my friends who love life and keep smiling despite all negativity. In this article, I will talk about "BAND PROTOCOL", which provides oracle solutions in cryptocurrency markets. Let's learn together… What is Band Protocol, is a project crea...

CoinGecko and Band Protocol (BAND) Partner to Establish Better Price Feeds

8 Jan 2021 1 minute read 0 comments Abhimanyu Krishnan

Market data aggregator CoinGecko and Band Protocol (BAND) have partnered to provide more accurate and reliable price feeds to users, according to a blog post published on Jan. 7. CoinGecko will use Band Protocol’s Band Standard Dataset to provide be...

Can LINK hit $100?

12 Feb 2021 1 minute read 2 comments Cryptofab

One year ago, when LINK was just below $4, I was hesitating to buy it, so I looked at the comments posted on forums and discovered that many people thought it was an overpriced "shitcoin" which was supposed to dump soon. As I thought it had a value d...

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...

Band Protocol and Acala to Launch Open Oracle Gateway for Polkadot DeFi Services

2 Dec 2020 1 minute read 1 comment Abhimanyu Krishnan

Band Protocol (BAND) and Acala will collaborate to release an open oracle gateway for DeFi services on Polkadot (DOT), according to a blog post published on Dec. 1. Band Protocol’s decentralized oracle service will power Acala’s DeFi platform, with...

How to - add a new token to Metamask wallet manually

9 Dec 2020 1 minute read 4 comments usedname

So you're preparing to send an ETH token to your Metamask wallet but concerned you can't see it listed or you have already sent a token to your Metamask wallet and panicking there's no sign of it.  Metamask can support ETH tokens and also BSC (Binanc...

GetBlock Partners with Band Protocol to Provide Access to the BAND Full Node

13 Oct 2020 2 minute read 1 comment GetBlock

GetBlock, a provider of access to full nodes of the most popular cryptocurrencies, is partnering with Band Protocol, which allows an individual developer or a company to integrate the BAND cryptocurrency to their blockchain-based project without the...

Top 5 Cryptocurrency Movers for January 8, 2021

9 Jan 2021 1 minute read 0 comments JakeB

Welcome to “Top 5 Cryptocurrency Movers” where I look at all the major crypto coins on the market and choose the five that made the biggest move (either positive or negative) on this day, explaining my thoughts why the move happened, as well as the h...

Chainlink is now in the TOP5 on CoinMarketCap

13 Aug 2020 1 minute read 0 comments Abhimanyu Krishnan

On August 13, the Chainlink (LINK) token entered the top 5 tokens by market cap, displacing Bitcoin Cash (BCH) from the fifth spot. LINK’s price hit its all-time high of $17.86 on August 13, reaching a market cap of $6.02 billion Entry into 5 tokens...

Chainlink will make you happy

15 Jan 2021 1 minute read 3 comments Cryptofab

While all eyes are turned towards Bitcoin and the growing Polkadot, the Chainlink token LINK is growing significantly too... and almost silently. Why is it growing suddenly? Because Paxos has announced they adopt Chainlink oracles for their new DeFi...