Band Protocol and Oasis Network to Engage in Ecosystem Integration Discussion

Join Band Protocol's AMA on 25th March as ecosystem growth manager Will Wendt discusses their recent integration with Oasis Sapphire. Band Protocol is a cross-chain oracle platform that bridges real-world data with blockchain applications. Its BandChain blockchain allows developers to create bespoke oracle scripts and utilize the native BAND token for network security and governance.

Band Protocol and Oasis Network to Engage in Comprehensive Discussion on Ecosystem Integration

New York, NY - March 23, 2023 (Newswire - PR Newswire) - Band Protocol, a leading cross-chain oracle platform, has announced an upcoming "Ask Me Anything" (AMA) session with Will Wendt, Ecosystem Growth Manager from Oasis Network. This highly anticipated event will take place on March 25th and delve into the recent integration of Band Protocol with Oasis Sapphire, a privacy-enhancing blockchain platform.

The AMA session will provide attendees with an in-depth understanding of how this integration empowers developers to seamlessly incorporate real-world data into their decentralized applications (dApps) with enhanced privacy and security. The discussion will explore the technical complexities of the integration and its implications for the broader blockchain ecosystem.

Band Protocol: A Bridge Between Real-World Data and Smart Contracts

Band Protocol operates as a robust cross-chain oracle platform, bridging the gap between real-world data and the digital realm of blockchains. It serves as an intermediary, enabling smart contracts to interact with real-world data, facilitating the smooth and trusted operation of dApps.

At the core of the Band Protocol lies its BandChain blockchain, developed using the Cosmos SDK. Developers can leverage this platform to create bespoke oracle scripts, tailored to provide specific real-world data to dApps and smart contracts. These scripts meticulously outline the data required, its source, the number of validators needed for data verification, and the aggregation methodology.

BAND: The Lifeblood of the Band Protocol Ecosystem

BAND, the native token of the Band Protocol, plays a pivotal role in ensuring network security through its Delegated Proof-of-Stake (DPoS) consensus mechanism. Token holders can actively participate as validators, staking BAND tokens to guarantee data integrity. Alternatively, they can act as delegators, entrusting their tokens to validators.

Staking or delegating BAND tokens rewards holders with staking rewards and a share of the data request fees. Furthermore, BAND tokens serve as the backbone of the Protocol's governance mechanism, empowering holders to influence its development.

Integration with Oasis Sapphire: Unleashing Privacy-Enhancing Capabilities

The integration of Band Protocol with Oasis Sapphire unlocks a new dimension of privacy-enhancing capabilities for dApps. Oasis Sapphire, a blockchain platform designed with privacy at its core, provides secure and confidential computation environments known as "ParaTimes."

This integration allows developers to execute oracle scripts within ParaTimes, ensuring that sensitive data remains encrypted throughout the data retrieval and aggregation process. It eliminates the risk of data exposure and manipulation, bolstering the privacy and integrity of dApps.

About Band Protocol

Band Protocol is a decentralized oracle platform that provides reliable and tamper-proof data to smart contracts. It offers a secure and scalable solution for bridging the gap between off-chain data and on-chain applications. Band Protocol is powered by a network of validators who stake their BAND tokens to provide accurate and timely data.

About Oasis Network

Oasis Network is a privacy-first blockchain platform that enables developers to build scalable and secure decentralized applications. Oasis Network uses a unique architecture that separates computation from consensus, providing developers with the flexibility to build applications without compromising scalability or security.

Contact Information:

Band Protocol
Email: info@bandprotocol.com

Oasis Network
Email: contact@oasislabs.com