Blockchains are great at providing immutable storage and deterministic verifiable computations. However, they cannot access trusted real-world information available outside their networks. Band Protocol enhances smart contract functionalities by granting access to reliable data without any central authority or points of failure.
Band Protocol's flexible oracle design allows developers to use any data including real-world events, sports, weather, random numbers and more. Developers can create custom-made oracles using WebAssembly to connect smart contracts with traditional web APIs within minutes.
BandChain is designed to be compatible with all smart contract platforms and blockchain development frameworks. In a trustless and decentralized manner, BandChain does all the heavy lifting jobs of pulling data from external sources, aggregating, and packaging them into a format that is easy to use and cryptographically verified across multiple blockchains.
Build dApps with ease and confidence. Band Standard Dataset offers real-time price information for:
BandChain utilizes the native BAND token to secure the decentralized oracle network through delegated Proof-of-Stake and settlement for transaction fees. Validators are required to stake BAND token to fulfil data requests in return for a portion of the query fees and earn block rewards.