Review on Band Protocol by Azat O
It achieve a kind of decentralized prophet
Band convention is a crypto project established by Soravis Srinawakoon who is a business visionary, recorded on Forbes. The task began at first to give solid data to online local area. Today it has advanced and has become a stage that emphasis on giving information to Dapps, Defi and other square chain related applications.
The undertaking utilize appointed verification of stake to approve and designate outer information. It work very much like Oracle on blockchain. Clearly there is no significant application that can work without an information base yet while block chain can store information, it doesn't have capacity to deal with different activities important to control information. Consequently Band organization will serve this need by getting information from sources indicated by client Dapps, store it on Band chain and make it prepared and accessible for use at whenever.
The ICO of BAND token occurred in 2018 when 10 million was sold. The symbolic as of now has some utilization cases. It is utilized for marking by validator and delegators.
Pros
- This task has had the option to take care of information access issue by making a stage that can source certifiable information in decentralized way and feed it into dapps and brilliant agreement
Cons
- No regrettable remark
