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Band Protocol

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A cross-chain data oracle platform

Band Protocol is a cross-chain data oracle platform with the goal to build a platform that can connect real-world data and APIs to smart contracts. The key problem they’re trying to solve is the inability of smart contracts to access data outside of the blockchain networks. Band Protocol in return offers a decentralized data oracle that connects smart contracts such as DeFi to external data and APIs.

Band Protocol use Delegated Proof-of-Stake (DPoS) with Cosmos-based blockchain. BandChain, the blockchain of Band Protocol, allows developers to customize and create a data oracle script that makes the connection to external data and APIs possible. Band Protocol is headquartered in Thailand.

Categories

Cryptocurrencies, DeFi

Location

Ban Khlong Tan, Thailand

Year founded

2017