Band Protocol recognizes the current data security constraints and challenges that exist between Web 2.0 and Web 3.0. To combat this problem, Band Protocol has built a decentralized bridge that enables secure interoperability between smart contracts and the traditional web, connecting those smart contracts with trusted off-chain data and ensuring data integrity through token economic incentives.
“Band Protocol’s commitment to creating both a more secure ecosystem while extending smart contract capabilities makes them a natural fit for this partnership,” said Alan Chiu, CEO of Boba Network. “Their blockchain-agnostic, decentralized oracle framework, coupled with Boba’s next-generation scaling solution will continue to enhance the user experience for users and developers - both current and future.”
Through this integration, the ecosystem of talented teams building on Boba Network will be able to leverage Band Protocol oracles to connect to external data providers in a reliable, accurate and decentralized manner. Band Protocol currently supports 230+ price symbols spanning across crypto assets, foreign exchange and commodities on the
Band Standard Dataset which can be made available on a symbol-by-symbol basis for teams requiring price oracles.
“Band Protocol is thrilled to bring decentralized oracles onto Boba Network to support the rapidly growing ecosystem of developers building on scalable and user-friendly layer-2 platforms,” said Kevin Lu, Head of Business Development of Band Protocol. “The integration begins with price oracles for crypto asset and foreign exchange, later expanding into bespoke and customizable oracles for a larger target market of decentralized applications.” If you are a developer building on Boba Network looking to utilize secure and decentralized oracles, we strongly encourage you to connect with Band Protocol through the following Typeform:
https://9p8ybtp0r7l.typeform.com/to/srn28T4L
