Shaurya Malwa · 3 hours ago · 2 min read · Insights via Michael Moro
Band Protocol connects smart contracts with trusted off-chain information, provided through community-curated data providers.
- Band Feeds Data On-Chain Right When You Need – For high-demand data such as ETH/USD price, the data are updated and kept on-chain on a regular basis. DApps can request and use the data with just one simple function call.
- Band Aggregates Data from Multiple Providers – Band enforces strict requirements before serving each query. Each data point requires more than ⅔ of qualified providers to serve the data, which guarantees high tolerance for collusion.
- Dataset Tokens on Bonding Curves – Each dataset has its own token for governing how the dataset functions. It incentivizes token holders and data providers to curate high-quality data, which in turn drives greater security for dApps.
- Community Runs – Datasets and Grows Together – Band provides a decentralized, unstoppable platform for community to curate reliable data. No single identity has the authority to bypass governance and take control of the data.
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