We are happy to announce today that we will support Band Protocol as a validator node. We are committed to providing our leading node infrastructure and operational expertise to supporting projects in the blockchain ecosystem. Today, we are adding another project that specifically targets a critical layer of all decentralized applications.
Band Protocol is a decentralized oracle framework for Web3.0 applications. It connects smart contracts with trusted off-chain information, provided through community-curated oracle data providers. Blockchains are enabled to connect to any web API with assured data integrity through dPoS economic incentives through one simple function call. Developers using Band Protocol will be able to easily build and manage off-chain oracles, reputation scores, identity management systems and much more.
There are numerous projects attempting different methods to bring off-chain data onto blockchains. Different approaches and experimentations will be necessary in order to improve how our ecosystem connects the real world with blockchains. We will be here to support Band Protocol’s expansion and also help any community members who want to support Band Protocol by staking their tokens.
Why Band Protocol?
We are confident that Band Protocol will play a key role in pushing blockchain products towards mainstream adoption. Developers will need reliable oracle solutions that provide highly available, reliable, and secure data to their smart contracts and not worry about creating an oracle stack from the ground up. Here are some of the reasons why we chose to support Band Protocol strategically:
- Strong Technical Background & Experience
The core team has experience in working with leading consulting firms and large technology companies in Silicon Valley. Additionally, team disciplines are based in computer science with backgrounds in MIT & Stanford. The team has exhibited high technical skill and proven to execute as seen in their Ethereum mainnet launch and two quarter fast-tracked development for BandChain.
- Working Product & Established Partners
Band Protocol’s go-to-market and first mainnet launch (on Ethereum) in October 2019 was a success and led to a multitude of partnerships including, Troy, Tomochain, Elrond, Portal Network, Constant and more. Furthermore, Band Protocol’s strong institutional backing from Binance, Sequoia Capital, Dunamu & Partners, SeaX justifies validation for their competitive oracle solution.
- Flexible & Customizable Data Query
BandChain introduces a data request script which enables dApps to have full flexibility and customizability over data oracles — developers define how the data they need is sourced and aggregated. In reference to Band Protocol’s bZx collaboration, data can be consumed safely through a time-weighted basis, volume-weight, medianized or any developer-defined method.
- Cross-Chain Compatible Solution with Partners
With a key focus on being blockchain-agnostic and established partners such as Fantom, Tomochain and more — Band Protocol can seamlessly connect to any other blockchain through bridge contracts or Cosmos-based blockchain through IBC.
Join Our AMA With Band Protocol
Band Protocol will be hosting us in their Telegram group for an AMA. Please join in to learn more:
“To create a bridge between both communities and so that the Band Protocol community can get to know the stakefish team, we are incredibly excited to share that we’ll be hosting an AMA between both teams in the Band Protocol Telegram chat.”
AMA in Band Protocol Telegram Group: Wednesday 1st of April, 17:00, Bangkok time (GMT +7).
About Band Protocol
Band Protocol is a decentralized oracle framework for Web3.0 applications. Band Protocol connects smart contracts with trusted off-chain information, provided through community-curated oracle data providers. Blockchains are enabled to connect to any web API with assured data integrity through dPoS economic incentives through one simple function call. Developers using Band Protocol will be able to easily build and manage off-chain oracles, reputation scores, identity management systems and much more.