Binance to Provide Market Data for Band Protocol’s Oracles

2019-11-27 15:24

Binance has announced today the support for Band Protocol’s oracle platform on its exchange. Smart contracts using Band Protocol will now have access to live price data from Binance’s 600+ cryptocurrency pairs.

The system facilitates cross-chain transactions that rely on external data, such as peer-to-peer currency exchanges. Band Protocol’s OpenAPI allows smart contracts to relay information about a transaction to another blockchain, provided that both parties are connected to the oracle.

One of the potential use-cases for this technology is restoring access to BNB for Ethereum’s ecosystem of dApps. Following the launch of Binance Chain, the ERC-20 version of Binance Coin was deprecated. The only way to swap ETH with BNB was by using centralized exchanges. The integration with Band Protocol restores the ability to swap tokens without direct intermediaries.

Band Protocol’s CEO, Soravis Srinawakoon, sees this integration as a stepping stone to facilitate the growth of the Decentralized Finance space:

“We are excited to work with Binance to make the promise of DeFi a reality through our OpenAPI. This enables anyone to create decentralised applications that can use Binance’s 600+ crypto data which is a great source of price discovery. What’s most exciting is that this will open doors for more finance and enterprise use cases to come as our platform can connect to any available API online,” he said.

Binance’s direct price feeds add to a host of previously on-boarded data providers, such as CoinGecko and DeSquare.

The post Binance to Provide Market Data for Band Protocol’s Oracles appeared first on Crypto Briefing.

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Источник: cryptobriefing.com

band protocol → Результатов: 21


Фото:

Fantom uses Band Protocol’s (BAND) price oracles to launch Liquid Staking

Fantom — a scalable, fast, and secure platform for DeFi, supply chains, and even crypto payments — just launched a new DeFi protocol called Liquid Staking. The service combined its own technology with Band Protocol’s (BAND) decentralized price oracles to bring liquidity to stake assets on its layer-1 protocol, and being the first project in crypto history to ever do so.

2020-12-13 12:41


Band Protocol Lets You Bet On Bitcoin With Oracles

If trading cryptocurrencies isn’t risky enough, you can now spice up your life with BitSwing, a decentralized binary options trading app developed by Band Protocol. Binary options are similar to a wager you’d do with your friends: if the price of an asset is above a certain defined value at a certain time, you get […] The post Band Protocol Lets You Bet On Bitcoin With Oracles appeared first on Crypto Briefing.

2019-10-1 22:08


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На Binance Launchpad стартует новое IEO. Какой будет криптолотерея токенов на этот раз?

На Binance появилась информация о следующем IEO платформы Binance Launchpad. В этот раз будет запущен проект под названием Band Protocol (BAND). Как и в случае с предыдущим IEO, токены будут распространяться в формате лотереи и аирдропа, то есть бесплатной раздачи....

2019-9-9 20:55


Sequoia India лидирует на 3 миллиона долларов за запуск токенов «Fake News»

Венчурная компания Sequoia India провела стартовый раунд на 3 миллиона долларов для запуска Blockchain Band Protocol, который стимулирует надежных производителей контента наградами и ставками. 

2019-2-21 16:33


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