Band Protocol Description

Band Protocol serves as a cross-chain data oracle solution that consolidates and links real-world data and APIs to smart contracts. While blockchains excel in providing immutable storage and performing deterministic, verifiable computations, they fall short in accessing reliable external information. By integrating Band Protocol, smart contracts can access trustworthy data, eliminating any central points of failure. This capability is particularly crucial for Decentralized Finance (DeFi) applications, which rely on accurate price feeds for processes like token swapping and loan collateralization. With its built-in price oracle, Band Protocol assures developers that the price feeds utilized in their DeFi applications are not only robust but also resistant to tampering. Furthermore, BandChain is engineered to be compatible with various smart contract platforms and blockchain development frameworks. In a decentralized and trustless manner, BandChain efficiently manages the complex tasks of retrieving data from external sources, aggregating it, and preparing it for use. This innovative approach empowers developers to focus on building and scaling their applications without worrying about data reliability.

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Company Details

Company:
Band Protocol
Year Founded:
2017
Headquarters:
Thailand
Website:
bandprotocol.com

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