Band Protocol is a blockchain protocol that connects and aggregates real-world data and APIs to smart contracts. Blockchain is trustable and immutable storage, but it cannot access trustable real-world information outside the network. Band Protocol enhances smart contract functionalities by granting them access to reliable data without any central points of failure. The big use case is in DeFi applications. With Band Protocol’s built-in price oracle, developers can build DeFi with security that the price feeds they’re using are robust and tamper-proof. Band Protocol’s flexible oracle design allows developers to use any data including real-world events, sports, weather, random numbers, and similar.
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