Band Protocol Rebranded
Today marks the first rebranding of Band Protocol which comes as Band Oracles secure an increasing amount of value locked in smart contracts.
In the last three years, they have dedicated extensive efforts to create a decentralized oracle network designed for optimal performance and scalability with a dedicated team of builders:
- Launched a production-ready, decentralized and highly scalable oracle network, BandChain.
- Onboarded over 60+ leading validators from including leaders in exchanges, DevOps and blockchain security firms.
- Served over 6.5M+ data requests in production
- Completed Mainnet integrations with over 30+ industry-leading applications and blockchain networks.
- Secured ~$10B+ of value locked in smart contracts without incident or failure.
- Mentored and supported hackathons for various industry leaders including Cosmos, Delphi Digital, Terra and Celo Camp.
The inspiration for the suite of redesign comes to refine and polish the public-facing aspects for both developers and new users in the traditional enterprise space to understand the value propositions of Band Protocol. This sets the stone for BandChain Phase 2 where developers and institutional players will be able to implement or create custom oracle scripts on Band Protocol in a self-serviced manner and revenue directly from decentralized protocols.
The redesign includes a full revamp of the logo, colour theme, and websites including landing page, Band Standard Dataset, CosmoScan and BandChain developer documentation.
Over the course of three years and working closely with an array of leaders spanning from blockchain networks, decentralized applications, traditional institutions — they’ve learnt one major lesson. Oracles are not winner-take-all, or one size fits all and there exists no perfect solution to-date.
DApps have different needs, are different shapes and sizes, centralized or decentralized, the co-existence of oracle teams and decentralized applications are the only way to draw closer to a perfect solution. The open-sourced Alpha Oracle Aggregator is a common initiative to aggregate leading oracle solutions to draw the synergistic benefits of each including scalability, flexibility, and security.
Oracles are critical to blockchain applications, so far we’ve only seen DeFi take off with many more verticals ready to disrupt and innovate traditional structures. As Band Protocol expands support to the leading layer-2 solutions such as Polygon (Matic Network), xDAI, and Arbitrum among others, we are proud to support developers and the innovation of blockchain technology.
Band Protocol goes where developers want to build and supports what developers require with end-to-end customizability, the flexibility built into the BandChain framework — exhaustively accommodating everyone’s needs.
This redesign is inspired to empower and prepare Band Protocol for mass adoption, both within the blockchain ecosystem and traditional enterprises.
What is Band Protocol?
Band Protocol is a cross-chain data oracle platform that aggregates and connects real-world data and APIs to smart contracts. 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.
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