โถ Coinbase Website: Coinbase.com
โถ CEX Website: cex.io
My 1st CryptoCompare video. In this video we will be doing a crypto comparison as we look at 2 Blockchain Oracles, Chainlink (LINK) and Band Protocol (BAND). We will look at what the differences are between Link and Band. And how these oracles can interact with Live Smart Contracts to improve user capabilities within blockchain technology.
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What is a Blockchain Oracle?
Blockchain oracles are third-party services that provide smart contracts with external information. They serve as bridges between blockchains and the outside world.
What is Band Protocol (BAND)?
Band Protocol is a cross-chain data oracle platform that aggregates and connects real-world data and APIs to smart contracts.
Why do blockchains need oracles?
Blockchains are great at immutable storage and deterministic, verifiable computations. However, they cannot access trusted real-world information available outside their networks. Band Protocol enhances smart contract functionalities by granting them access to reliable data without any central points of failure.
What is ChainLink (LINK)?
Connect your smart contract to the outside world
Chainlink’s decentralized oracle network provides reliable, tamper-proof inputs and outputs for complex smart contracts on any blockchain.
#link #band #oracle #crypto #cryptocurrency #blockchain #defi
DISCLAIMER:
Digital Currencies are NOT bank deposits, are NOT legal tender, are NOT backed by the government, and accounts and value balances are NOT subject to Federal Deposit Insurance Corporation or Securities Investor Protection Corporation or any other governmental or government-backed protections.โฏLegislative and regulatory changes or actions at the State, Federal, or international level may adversely affect the use, transfer, exchange, and value of Digital Currencies.
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โถ Coinbase Website: Coinbase.com
โถ CEX Website: cex.io
Youtube version
