Review on Band Protocol by Nikolay Sadonin
My review on Band Protocol.
This project is built on the link between the app and the well-known Oracle relation database manager, in other words, the coupling of actual information with intelligent contracts.
To that end, the Oracle databases manager is separated into four products, the accessible Bandchain node in the Github repository, the BandChain Explorer to interconnect to the database and transfer it to the BlockChain channel, and the IBC Bridge to make readings.
I think that the task of connecting the website with external databases with information using classic PHP is fairly comparable. Personally, it seems to be a fantastic project that addresses the problem of a hybrid application, in which I link the old dynamic web to the blockchain, utilize intelligent agreements and tokenize the application.
It is true that there are numerous comparable projects, but I believe that it has benefits over others in a workable setting.
Pros
- It enables the integration of smart contracts with substantive analytical webs.
- The well-thought-out idea raises the bar for hybrid projects.
- Documented and discussed thoroughly.
Cons
- Non-concern.
