The Band Oracle has been connected into the Cosmos ecosystem via Starport paving the way for the Internet of Blockchains to become a reality.
Cosmos’ adaptability is expanding as the ecosystem’s blockchains are becoming more integrated and interoperable than ever before.
Newly generated chains can exchange feeds of different data utilizing an oracle and the Cosmos interoperability standard: Inter-Blockchain Communication protocol. Thanks to this Band Protocol inclusion in Starport, the Cosmos blockchain building tool (IBC).
A unique reason for blockchain’s popularity is that no other technology can track what’s happening within its network like blockchain.
Oracles are data-feeding middleware for blockchains. A decentralized oracle, like Band Protocol, distributes confidence across numerous network participants like how a decentralized blockchain does. Data can be used within the blockchain after it has been verified by an oracle’s decentralized network of participants.
Band Protocol now provides secure and decentralized data that are critical to the activities of different DeFi applications across all sectors.
Although numerous chains have implemented Band Protocol Oracle, Starport will be the first to adopt it as standard .
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Building secure and widely used blockchain apps require the ability to source decentralized data. New chain developers now have access to all kinds of decentralized data, including token information, real-world events, sports, weather. Grateful to IBC as a native protocol for apps developed with the Cosmos SDK and Band Protocol’s built into Starport.
Band Protocol is a decentralized cross-chain data aggregator that combines real-world data and APIs to smart contracts. With over 7.4 million requests and partners including Terra, Mirror, Venus, C.R.E.A.M. Finance, Injective, and Alpha Finance, it’s a tried-and-true oracle provider.
