{"id":45532,"date":"2025-07-04T18:00:23","date_gmt":"2025-07-04T15:00:23","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=45532"},"modified":"2025-07-04T15:22:41","modified_gmt":"2025-07-04T12:22:41","slug":"what-is-band-protocol-band","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/what-is-band-protocol-band\/","title":{"rendered":"What is Band Protocol (BAND)?"},"content":{"rendered":"<p><span data-contrast=\"auto\"><strong>Band Protocol<\/strong> is a decentralized data oracle platform that enables <strong>blockchain-based<\/strong> decentralized applications <strong>(dApps)<\/strong> to securely and quickly access real-world data. Traditional blockchains cannot directly access external data, limiting smart contracts\u2019 interaction with the real world. Band Protocol solves this issue by connecting real-time data (such as prices, weather, sports scores, random number generation) to the blockchain.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Starting as an <strong>ERC-20<\/strong> token on <strong>Ethereum<\/strong> in 2019, Band Protocol migrated to the <strong>Cosmos network<\/strong> in 2020 and developed its own blockchain called BandChain. Built on Cosmos SDK, BandChain offers scalable and fast oracle services and operates using the <strong>Delegated Proof of Stake (dPoS)<\/strong> consensus mechanism, providing high security.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-45534 \" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/07\/band-protokol-logo-1024x584.jpg\" alt=\"\" width=\"702\" height=\"400\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/07\/band-protokol-logo-1024x584.jpg 1024w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/07\/band-protokol-logo-300x171.jpg 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/07\/band-protokol-logo-768x438.jpg 768w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/07\/band-protokol-logo-1536x877.jpg 1536w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/07\/band-protokol-logo.jpg 1999w\" sizes=\"auto, (max-width: 702px) 100vw, 702px\" \/><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/what-is-band-protocol-band\/#Who_Are_the_Founders_of_Band_Protocol\" title=\"Who Are the Founders of Band Protocol?\u00a0\">Who Are the Founders of Band Protocol?\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/what-is-band-protocol-band\/#Features_and_Advantages_of_Band_Protocol\" title=\"Features and Advantages of Band Protocol\u00a0\">Features and Advantages of Band Protocol\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/what-is-band-protocol-band\/#How_Does_Band_Protocol_Work\" title=\"How Does Band Protocol Work?\u00a0\">How Does Band Protocol Work?\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/coinengineer.net\/blog\/what-is-band-protocol-band\/#What_is_BandChain_Oracle_Technology\" title=\"What is BandChain Oracle Technology?\u00a0\">What is BandChain Oracle Technology?\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/coinengineer.net\/blog\/what-is-band-protocol-band\/#Tokenomics_%E2%80%93_About_BAND_Token\" title=\"Tokenomics \u2013 About BAND Token\u00a0\">Tokenomics \u2013 About BAND Token\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/coinengineer.net\/blog\/what-is-band-protocol-band\/#Investors_and_Partnerships\" title=\"Investors and Partnerships\u00a0\">Investors and Partnerships\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/coinengineer.net\/blog\/what-is-band-protocol-band\/#Roadmap\" title=\"Roadmap\u00a0\">Roadmap\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/coinengineer.net\/blog\/what-is-band-protocol-band\/#Social_Media_and_Community\" title=\"Social Media and Community\u00a0\">Social Media and Community\u00a0<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Who_Are_the_Founders_of_Band_Protocol\"><\/span><span data-contrast=\"auto\">Who Are the Founders of Band Protocol?<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span data-contrast=\"auto\">Soravis Srinawakoon (CEO): Former software engineer at Ericsson and management consultant at The Boston Consulting Group; visionary leader of Band Protocol.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<ul>\n<li><span data-contrast=\"auto\"><strong>Paul Chonpimai (CPO)<\/strong>: Previously a web developer and engineer at Turfmapp and Tripadvisor.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\"><strong>Sorawit Suriyakarn (CTO)<\/strong>: Former software engineer at Dropbox and Quora; a gold medalist competitive programmer.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-45533 \" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/07\/Ekran-goruntusu-2025-07-04-114634-1024x356.png\" alt=\"\" width=\"900\" height=\"313\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/07\/Ekran-goruntusu-2025-07-04-114634-1024x356.png 1024w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/07\/Ekran-goruntusu-2025-07-04-114634-300x104.png 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/07\/Ekran-goruntusu-2025-07-04-114634-768x267.png 768w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/07\/Ekran-goruntusu-2025-07-04-114634-1536x533.png 1536w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/07\/Ekran-goruntusu-2025-07-04-114634.png 1823w\" sizes=\"auto, (max-width: 900px) 100vw, 900px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Features_and_Advantages_of_Band_Protocol\"><\/span><span data-contrast=\"auto\">Features and Advantages of Band Protocol<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><span data-contrast=\"auto\"><strong>Real-Time Data Integration<\/strong>: Connect various data types like sports scores, financial prices, weather, and random numbers to smart contracts.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\"><strong>High Scalability<\/strong>: BandChain v2.4 upgrade in 2022 increased transaction capacity tenfold.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\"><strong>Advanced Inter-Blockchain Communication (IBC) Support<\/strong>: Enables cross-chain data exchange within Cosmos ecosystem and EVM-compatible networks.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\"><strong>Strong Security<\/strong>: Byzantine Fault Tolerance (BFT) consensus and dPoS protect the network from attacks.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\"><strong>Data Provider and Validator Ecosystem<\/strong>: Oracle validators process data requests and contribute to network security.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\"><strong>Simple Integration<\/strong>: Easy and flexible data feeding for smart contracts.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\"><strong>Gas Fee System<\/strong>: Minimum gas fees prevent spam attacks and reward network contributors.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"How_Does_Band_Protocol_Work\"><\/span><span data-contrast=\"auto\">How Does Band Protocol Work?<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span data-contrast=\"auto\"><strong>Band Protocol<\/strong> acts as an intermediary when smart contracts require reliable real-world data. dApps send data requests to the BandChain network. Oracle nodes on <strong>BandChain<\/strong> fetch, verify, and deliver the data to smart contracts in a fully decentralized, transparent, and secure way.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><span data-contrast=\"auto\">BandChain, built with Cosmos SDK, relies on validators who stake tokens to secure the network, ensuring both sustainability and data reliability.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-45538 \" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/07\/Ekran-goruntusu-2025-07-04-115252-1024x355.png\" alt=\"\" width=\"871\" height=\"302\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/07\/Ekran-goruntusu-2025-07-04-115252-1024x355.png 1024w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/07\/Ekran-goruntusu-2025-07-04-115252-300x104.png 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/07\/Ekran-goruntusu-2025-07-04-115252-768x266.png 768w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/07\/Ekran-goruntusu-2025-07-04-115252.png 1150w\" sizes=\"auto, (max-width: 871px) 100vw, 871px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_is_BandChain_Oracle_Technology\"><\/span><span data-contrast=\"auto\">What is BandChain Oracle Technology?<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span data-contrast=\"auto\">BandChain is Band Protocol\u2019s decentralized and secure oracle solution operating on its own blockchain. Oracles bridge real-world data to blockchain applications (smart contracts) reliably. BandChain collects price data, verifiable random functions (VRF), and other API data from diverse sources and delivers them securely and quickly to multiple blockchains. This protects <strong><a href=\"https:\/\/coinengineer.net\/blog\/category\/project-review\/defi-projects\/\">DeFi<\/a>, gaming, and other Web3<\/strong> applications from centralized oracle risks.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-45537 \" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/07\/Ekran-goruntusu-2025-07-04-121529-1024x311.png\" alt=\"\" width=\"804\" height=\"244\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/07\/Ekran-goruntusu-2025-07-04-121529-1024x311.png 1024w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/07\/Ekran-goruntusu-2025-07-04-121529-300x91.png 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/07\/Ekran-goruntusu-2025-07-04-121529-768x233.png 768w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/07\/Ekran-goruntusu-2025-07-04-121529-1536x467.png 1536w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/07\/Ekran-goruntusu-2025-07-04-121529.png 1712w\" sizes=\"auto, (max-width: 804px) 100vw, 804px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Tokenomics_%E2%80%93_About_BAND_Token\"><\/span><span data-contrast=\"auto\">Tokenomics \u2013 About BAND Token<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><span data-contrast=\"auto\"><a href=\"https:\/\/coinmarketcap.com\/currencies\/band-protocol\/\"><strong>Total Supply:<\/strong><\/a> Initially capped at 100 million BAND tokens, but due to staking parameters and inflation, the circulating supply has increased (approx. <strong>163.10 million<\/strong> BAND in 2025).<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\"><strong>Use Cases<\/strong>: Governance voting, staking collateral for validators, and paying network transaction fees.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\"><strong>Staking<\/strong>: Users stake BAND tokens to secure the network and earn rewards.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\"><strong>Token Swap<\/strong>: Initially ERC-20 tokens on <a href=\"https:\/\/coinengineer.net\/blog\/?s=ethereum\"><strong>Ethereum<\/strong><\/a>, BAND tokens were swapped 1:1 to native tokens on BandChain.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\"><strong>Liquidity and Markets<\/strong>: BAND is traded on many exchanges, including Turkish platforms Bitlo and BtcTurk with TL and USDT pairs.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-45535 \" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/07\/Ekran-goruntusu-2025-07-04-114451-1024x284.png\" alt=\"\" width=\"883\" height=\"245\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/07\/Ekran-goruntusu-2025-07-04-114451-1024x284.png 1024w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/07\/Ekran-goruntusu-2025-07-04-114451-300x83.png 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/07\/Ekran-goruntusu-2025-07-04-114451-768x213.png 768w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/07\/Ekran-goruntusu-2025-07-04-114451.png 1499w\" sizes=\"auto, (max-width: 883px) 100vw, 883px\" \/><\/p>\n<p><strong>Initial Token Distribution (Based on 100 Million Total Supply):\u00a0<\/strong><\/p>\n<ul>\n<li><span data-contrast=\"auto\">Ecosystem Development: 25.6%<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Foundation: 22%<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Team: 20%<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Binance Launchpad Sale: 12.4%<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Seed Sale (Early Investors): 10%<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Advisors: 5%<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Private Sale: 5%<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Investors_and_Partnerships\"><\/span><span data-contrast=\"auto\">Investors and Partnerships<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span data-contrast=\"auto\">Band Protocol is supported by top investors like Binance and Sequoia India, with a strong capital base. It offers oracle services integrated with Cosmos, Polygon, NEAR, Cronos, Oasis, Moonriver, and more. These integrations reinforce <strong>BandChain\u2019s multi-chain<\/strong> capabilities and its active role in the Web3 ecosystem by providing secure and verifiable data flow to decentralized apps.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><strong>Key Investors and Partners:\u00a0<\/strong><\/p>\n<p><span data-contrast=\"auto\"> Investors: Binance, Sequoia India, Spartan Group, Alphain Ventures<\/span><br \/>\n<span data-contrast=\"auto\"> Partners: Cosmos, Polygon, NEAR, Cronos, Oasis, Moonriver, Desmos<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Use Cases: dApps, DeFi platforms, on-chain data needs<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-45536 \" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/07\/Ekran-goruntusu-2025-07-04-121021.png\" alt=\"\" width=\"807\" height=\"253\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/07\/Ekran-goruntusu-2025-07-04-121021.png 1021w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/07\/Ekran-goruntusu-2025-07-04-121021-300x94.png 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/07\/Ekran-goruntusu-2025-07-04-121021-768x241.png 768w\" sizes=\"auto, (max-width: 807px) 100vw, 807px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Roadmap\"><\/span><span data-contrast=\"auto\">Roadmap<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>2022 Highlights:\u00a0<\/strong><\/p>\n<ul>\n<li><span data-contrast=\"auto\">BandChain V2.4 upgrade increased transaction capacity by 10x and improved IBC compatibility.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Launch of Band VRF (Verifiable Random Function) for reliable randomness in blockchain gaming.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Band Standard Dataset upgrade simplified data access.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Ecosystem partnerships with Injective and Desmos.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><strong>2023 Plans:\u00a0<\/strong><\/p>\n<ul>\n<li><span data-contrast=\"auto\">Strengthen existing products and enhance scalability.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Release three new open-source products to expand ecosystem.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Improve security, interoperability, decentralization, and adoption.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Deepen integrations with Cosmos and EVM-compatible chains.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Expand community and validator network.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><strong>2024 Developments:\u00a0<\/strong><\/p>\n<ul>\n<li><span data-contrast=\"auto\">BandChain v2.5 upgrade introduced more efficient data scripts and VRF improvements.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Increased cross-chain integrations with Cosmos and EVM chains.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Band VRF 2.0 offers faster randomness with lower gas fees.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Band Standard Dataset updated with more data providers.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">zk-proof-supported oracle operations tested on testnet.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><strong>2025 Roadmap:\u00a0<\/strong><\/p>\n<ul>\n<li><span data-contrast=\"auto\">BandChain v3.0 (Beta) will support modular oracle scripts and user-defined data flows.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">AI-powered data verification layer testing underway.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">More cross-chain data sharing via non-IBC bridges.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Staking reward campaigns and new governance proposals to increase community engagement.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Integration of new data types such as on-chain stats, advanced financial indicators, and IoT sensor data.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Social_Media_and_Community\"><\/span><span data-contrast=\"auto\">Social Media and Community<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li class=\"ai-optimize-60\"><a href=\"https:\/\/blog.bandprotocol.com\/\"><strong>Website<\/strong><\/a><\/li>\n<li class=\"ai-optimize-61\"><a href=\"https:\/\/x.com\/BandProtocol\"><strong>Twitter<\/strong><\/a><\/li>\n<li class=\"ai-optimize-62\"><a href=\"https:\/\/t.me\/bandprotocol\"><strong>Telegram<\/strong><\/a><\/li>\n<li class=\"ai-optimize-63\"><a href=\"https:\/\/discord.com\/invite\/3t4bsY7\"><strong>Discord<\/strong><\/a><\/li>\n<\/ul>\n<hr \/>\n<p><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest news and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Band Protocol is a decentralized data oracle platform that enables blockchain-based decentralized applications (dApps) to securely and quickly access real-world data. Traditional blockchains cannot directly access external data, limiting smart contracts\u2019 interaction with the real world. Band Protocol solves this issue by connecting real-time data (such as prices, weather, sports scores, random number generation) to<\/p>\n","protected":false},"author":36,"featured_media":45545,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18,657,5],"tags":[19861,19871,19867,19863,13108,10929,3637,19866,19862,19868,19864,19870,17613,19865,19869],"class_list":["post-45532","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin-projects","category-en","category-project-review","tag-band-protocol","tag-band-staking","tag-band-token","tag-bandchain","tag-blockchain-data","tag-blockchain-integration","tag-cosmos-sdk","tag-cross-chain-oracle","tag-decentralized-oracle","tag-defi-oracle","tag-dpos-oracle","tag-oracle-scalability","tag-real-time-data","tag-vrf-randomness","tag-web3-oracle"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What is Band Protocol (BAND)? - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/what-is-band-protocol-band\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What is Band Protocol (BAND)? - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Band Protocol is a decentralized data oracle platform that enables blockchain-based decentralized applications (dApps) to securely and quickly access real-world data. 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