What is the Band Protocol? - BAND Beginners Guide
The BAND Protocol was developed to improve smart contract access data outside of a specific blockchain, and their cross-chain data oracles are able to collect off-chain data and aggregate it, then provide it to any number of decentralized apps and smart contracts in a blockchain agnostic way. The aggregated data can be relatively schema-free, which is part of the power of BAND protocol; in addition to DeFi and gaming applications, information can include personal healthcare data, real estate documentation, and even travel logs. By connecting smart contracts to external data sources, the oracles improve cost and response time, allowing for more transactions to occur in real-time. The Band protocol was built on the Cosmos SKD and is available for developers to create their own oracles easily in a modular and interoperable way, based on delegated proof of stake validators who use the Band token to contribute to the reliability of the network.
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