Smart contracts rely on external price feeds, events, and values provided via traditional web APIs to resolve its logics and enable secure token transfers. Band Protocol provides a secure, blockchain-agnostic, decentralized oracle framework for Web 3.0 applications. It connects smart contracts with trusted off-chain data and ensures data integrity through token economic incentives, effectively creating a trusted information bridge between the Web 2.0 and the Web 3.0 of the future.
Band Protocol's flexible oracle design allows developers to use any data including real-world events, sports, weather, random numbers and more. Developers can create custom-made oracles using WebAssembly to connect smart contracts with traditional web APIs within minutes.