1H
0.23%$0.0015
24H
0.55%$0.0035
7D
-4.05%$0.0268
30D
-22.6%$0.1849
With a reliable oracle solution now in place, TRON should enjoy greater success in luring dApp developers away from Ethereum.
Band Protocol, Sequoia-backed data management company, has launched the mainnet of its decentralized trading app BitSwing. The dapp serves as a brokerage for Ethereum-denominated binary options.
The lottery draw for the earlier announced Band Protocol has been completed with more than 9% of winning tickets. The Binance announcement also states that BAND trading pairs have been launched, and also includes airdrop details.
Band Protocol is a cross-chain data oracle network that aggregates and connects real-world data and APIs to smart contracts. Blockchains enable immutable storage and deterministic, verifiable computations — however, they cannot securely access data available outside the blockchain networks.
Band Protocol enables smart contract applications such as DeFi, prediction markets, and games to be built on-chain without relying on the single point of failure of a centralized oracle.
BandChain describes itself as a high-performant independent blockchain built specifically for oracle computations including settlement, data sourcing, and aggregation that is secured by delegated proof-of-stake. Developers can create a fully customizable oracle script on BandChain which specifies data sources and APIs to connect to, aggregation methods and security parameters. The creation of scripts is permissionless, allowing for quick iterations and extensive support for any type of data. Decentralized oracle is a key infrastructure to enable decentralized finance and other decentralized applications to operate in the most trustless way possible.
With all oracle computations offloaded to BandChain, smart contracts on any destination blockchain can use Band Protocol to query data on-demand and receive a real-time update. Oracle data queries take between 4-6 seconds by ‘batching’ transactions with data information to enable instant settlement and also protect end-users from consuming delayed data.
Band Protocol is backed by Sequoia Capital and Binance.
Check out the full review of the Wealthfront investment platform – it’s key features, best things about the platform, and things to improve.
Many compare Decred and Bitcoin owing to their features and store of value. However, Decred is unique due to its core principles and functioning features. Find out more in the guide below.
