Band Protocol (BAND) logo
Band Protocol (BAND) logo

Band Protocol (BAND) Review

Contact
Expert Review
Oct 22, 2020

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.

banner-image
Write review
Rating
Please choose your rating.
Your review

Leave your review about Band Protocol (BAND) here. Please note that your feedback may be crucial for the user when choosing a product, so try to avoid inaccuracies and unreasonable criticism.

Your Name
Your Email

Your Email will not be published

User reviews

Here are no reviews yet. Be the first!

Similar companies
The Neblio (NEBL) coin uses the PoS consensus algorithm. A few exchanges list this asset, including Binance featuring NEBL/ETH pair.
Lisk is currently based on cryptocurrency DPoS protocol. You can check Lisk's market cap and volume on widget of our partner. Also you can see the latest LSK price on Cryptogeek.info. You can leave your feedback and reviews about Lisk cryptocurrency here.
Blocknet (BLOCK) coin is provided on a few exchanges. You can trade this coin against BTC.