Wanchain is officially set to join Band Protocol as a genesis validator as they ramp up towards their mainnet launch of BandChain, an independent blockchain built specifically for oracle computations that will enable real-time data requests to be made on-demand.
Band Protocol is a blockchain agnostic decentralized oracle services provider that connects decentralized applications to any external data source or API in a scalable and trustless manner. They are supported by a number of leading crypto industry organizations including Binance, and prestigious institutional investors such as Sequoia Capital.
“Band Protocol looks forward to having Wanchain join the BandChain ecosystem as a genesis validator, extending mutually beneficial collaborations in our strategic partnership. We are excited to see Wanchain’s rapidly growing ecosystem and continue to provide support through decentralized oracles as the reliability and security of off-chain data becomes increasingly important.”
Soravis Srinawakoon, CEO & Co-Founder of Band Protocol
Band Protocol’s oracle services bring useful off-chain data such as price feeds, sports events and lottery outcomes, and more to Wanchain. They are currently being integrated as the data source for Wanchain ecosystem project FinNexus to leverage real-time price information, greatly expanding the use cases FinNexus is able to support while ensuring that reliable, high-quality data is being utilized.
Mutually Beneficial Cooperation
Wanchain is joining Band Protocol as a validator node to further strengthen ties between the two ecosystems. Band’s valuable oracle services bring a wide range of essential off-chain data to Wanchain’s DApps, while Wanchain’s ecosystem projects provide use cases that require a trustworthy decentralized oracle. For example, FinNexus is now able to consume price data of any traditional financial products to create token-backed assets, greatly expanding offerings and flexibility of the protocol.
“We’re really excited about the new possibilities Band Protocol v2 will bring to Wanchain DApps including real-time data connections to any data source or APIs. We are confident in their ability to become a key player in the oracle space and will be supporting their mission as a genesis validator on the BandChain network.
Jack Lu, CEO & Founder of Wanchain
A Key Part of Wanchain’s Rapidly Growing Ecosystem
The last few months have seen the rapid development of the Wanchain ecosystem, especially from two of Wanchain’s most prominent projects, RiveX and FinNexus. RiveX is hard at work on its cross-chain decentralized exchange WRDEX, and FinNexus has released the prediction game Wandora Box with their token sale just around the corner. As the ecosystem grows, the integration of off-chain data becomes increasingly important, and Band Protocol is set to take on that vital role with their real-time, scalable, and blockchain agnostic solution.
Band Protocol is a cross-chain data oracle platform that aggregates and connects real-world data and APIs to smart contracts. Blockchains are great at immutable storage and deterministic, verifiable computations — however, they cannot securely access data available outside the blockchain networks. Band Protocol enables smart contract applications such as DeFi, prediction markets, and games to be built on-chain without relying on the single point of failure of a centralized oracle. Band Protocol is backed by a strong network of stakeholders including Sequoia Capital, one of the top venture capital firms in the world, and the leading cryptocurrency exchange, Binance.
Wanchain is the infrastructure connecting the decentralized financial world. Wanchain’s live cross-blockchain solution is EVM-based, includes optional private transactions, and provides a decentralized, permissionless, and secure approach for interoperability. Wanchain has employees globally with teams in Beijing (China), Austin (USA), Kuala Lumpur (Malaysia), and Madrid (Spain).
Wanchain To Join Band Protocol as a Validator Node Operator was originally published in Wanchain on Medium, where people are continuing the conversation by highlighting and responding to this story.
Community | !!200만원 내 원하는 선물!! 푸페이 혜자 이벤트 !!~~~^^
Community | 커뮤니티 예의는 지켜주세요 ♥
Community | [crypto cash] 크립토 캐시 그것이 알고싶다.
Community | 상장사 이름을 알려주세요
좋은정보 감사용 추천하고 갑니다 코로나 조심하시고 예수님 믿고 구원 받으세요
Community | [crypto cash] 크립토 캐시 그것이 알고싶다.
Write a post
Are you sure you want to delete this post?
Are you sure you want to delete this comment?
Purchase has been completed.
닉네임을 설정 후 작성해주세요.