What is Band Protocol?
Band Protocol is a secure and scalable decentralized oracle, serving as a layer-2 protocol on public blockchains. It allows dApps to leverage existing data on the internet without trusted intermediaries, bridging the use cases between Web 2.0 and 3.0. Band’s unique multi-token model and staking mechanism ensure that data is free from manipulation. By making data readily available and reusable on-chain, Band Protocol offers a cheaper and faster solution compared with alternatives, all without compromising security. Developers using Band Protocol will be able to build a wider range of dApps with integration to off-chain financial data, reputation scores, identity management systems, and much more, bringing blockchain closer to mass adoption.