Band Protocol is a cross-chain data oracle platform that is able to take real-world data and supply it to on-chain applications, while also connecting APIs to smart-contracts to facilitate the exchange of information between on-chain and off-chain dApps.
By supplying reputable, verifiable real-world data to blockchains, Band Protocol unlocks a range of new uses cases for developers to explore.
they are efficient because using real-world data allows them to use decentralized logic, which can include sports, weather datum, random number generator & more
Band Protocol originally launched as an ERC-20 project on the Ethereum blockchain in September 2019, but they transitioned to the Cosmos network in June 2020 with the release of Band Protocol 2.0.
Oracle nodes are becoming more widespread on BandChain. They not only relay data but are also involved in block production/validation. These roles give them both services that help with decentralization, meaning they have a dual purpose
BAND is the native token of the Band Protocol ecosystem, which enables data requests to be fulfilled, and it’s also used for paying for private data.
Where & How to Buy Band Protocol (BAND) in the UK
You can buy BTC on binance and then find the BTC/Band trading pair as simple as that!
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Buy Band on Coinbase
You can buy BTC here on coinbase, then send it to binance or whichever altcoin exchange you like to trade it for Band
Coinbase is an American bitcoin exchange company headquartered in San Francisco, California. The exchange operates exchanges of bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and other digital assets with fiat currencies in 32 countries, and bitcoin transactions and storage in 190 countries worldwide.
Coinbase became the first regulated crypto exchange to offer listing on major stock exchanges. It is also one of the first crypto exchanges to offer trading of many digital assets, as well as the only crypto exchange to offer fiat currency-to-crypto trading pairs on major stock exchanges. Coinbase has been selected by IBM for its new Blockchain solution for global finance that will initially focus on cross-border payments between large companies. Recently it has announced that it has raised $300 million dollars from some of the most prestigious American VC
Coinbase is a cryptocurrency exchange that was founded in 2012. It has become the most popular way to exchange Bitcoin, Ethereum, Litecoin, and other cryptocurrencies.
The Coinbase platform provides customers with the ability to trade digital currencies for fiat money or other digital currencies on its Global Digital Asset Exchange (GDAX). The company offers its Global Digital Asset Exchange (GDAX) service which allows customers to trade more than 1000 different digital assets on a single platform.
Coinbase is a popular cryptocurrency exchange that has a lot of benefits.
For example, Coinbase has a very easy to use interface. It also provides a very reliable and competent customer service team.
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Is Band Protocol (BAND) a good investment?
Many software developers are finding band protocol to be faster, more efficient, and more compatible. This will continue to match the needs of clients that need reliable data fed into & out of different platforms.
Band Protocol plans to transfer data across chains by using Cosmos’ in-development IBC protocol which is still unknown when they will be fully operational.
Being able to create oracles is becoming more and more common. Band Protocol gives you the freedom of choice to find the right service, at the most cost effective price. There’s no need for permission — just start serving!
You can quickly integrate a new protocol or oracle into your smart contract by making a few lines of code. A common API provides an easy interface for developers to get the data they want from your smart contract.