Band Protocol BAND
Data oracles and network participation.
Band Protocol provides external data to blockchain applications. BAND is BandChain’s native staking token.
What is Band Protocol?
BandChain coordinates requests for data that applications cannot directly retrieve from their own blockchain. Validators process requests and network transactions. BAND holders can delegate stake and participate in governance under protocol rules.
Oracle data can be delayed or wrong. Delegated tokens can be penalized when a validator fails its obligations, and rewards do not guarantee a profit.
Why people pay attention
External data
Oracle services connect applications with outside information.
Network participation
BAND backs validators through staking and delegation.
Governance
Staked holders participate in protocol decisions.
Origins & development
BandChain rolled out its mainnet in 2020, with multiple phases. That network milestone is distinct from the earlier Ethereum-based version of Band Protocol.
Explore more
Related stories and learning resources will be added after editorial review.
Sources & further reading
Draft — editorial review pending