Leading Cosmos Validator & Ecosystem Tool Developer Cosmostation Partners With Band Protocol
Band Protocol is excited to announce our validator and data provider partnership with Cosmostation, an industry-leading validator with over $15 million in assets staked and Cosmos ecosystem tools such as a block explorer, app wallet and web wallet.
Band Protocol is excited to work with the Cosmostation team to drive BAND token support and utility through their block explorer and web/app wallet for our community to safely store BAND while earning revenue through staking rewards.
Cosmostation is a state-of-the-art validator with 99.9% uptime across leading blockchain networks such as Cosmos and Iris, with plans to support many more assets.
“Decentralized data oracle frameworks are an essential piece to bringing real adoption to the blockchain ecosystem. We’re very proud to be joining Band Protocol alongside other industry-leading partners to work towards a unified vision.”
Jay B. Kim —CTO of Cosmostation
We are proud to welcome Cosmostation, the first of many enterprise-grade validators, to the Band Protocol ecosystem and share their operating philosophy of ‘by and for the community’ while bringing us one step closer to achieving our vision of connecting any blockchain applications to any external datapoint.
“By working with a top Cosmos validator such as Cosmostation, our community can rest assured that BAND tokens will be able to be staked securely 24/7 with an enterprise-level validator to earn passive staking rewards just by holding BAND.”
Soravis Srinawakoon — CEO & Co-Founder of Band Protocol
Here are four strong reasons why Cosmostation has chosen to support Band Protocol’s oracle solution:
- Flexible & Customizable Data Querying
Through Band’s data request script, decentralized applications have full flexibility to define how the data they need is sourced and aggregated. This ensures that data feeds can be consumed safely whether through the median, time-weighted average, moving average or any developer-defined method.
- Diversified & High-Quality Data from Any Open API
BandChain enables on-demand data query from any traditional open API and will be able to facilitate cross-chain payment for permissioned oracle data from private or credentialed APIs — enabling more expansive use cases across blockchain ecosystem beyond DeFi space
- Cross-Chain Compatible Solution with Partners
With a key focus on being blockchain-agnostic and established partners such as Fantom, Tomochain and more — Band Protocol can seamlessly connect to any other blockchain through bridge contracts or Cosmos-based blockchain through IBC.
- A Streamlined & More Efficient Data Request Mechanism
By moving onto an independent blockchain, Band Protocol is able to produce real-time spot data by offloading all expensive computational oracle requirements including sourcing and aggregating onto BandChain so only the final value needs to be submitted to target blockchains.
Become a Band Protocol Validator
You can run a validator node on BandChain Phase 0 that is fully compatible with the Cosmos-SDK standard and help fill in a missing piece of the blockchain ecosystem that would allow many more expansive use-cases.
Check out our technical guide below:
Cosmostation is an enterprise-level validator node infrastructure & end-user application provider based in Seoul, South Korea. Cosmostation runs validator nodes across several networks, specifically focused on networks built with Tendermint & Cosmos SDK. Along with node operation, Cosmostation develops and maintains Mintscan Block Explorer for Tendermint-powered networks and Cosmostation iOS, Android, Web Wallets to support in-depth features for modules specific to each network.
About Band Protocol
Band Protocol is a decentralized oracle framework for Web3.0 applications. Band Protocol connects smart contracts with trusted off-chain information, provided through community-curated oracle data providers. Blockchains are enabled to connect to any web API with assured data integrity through dPoS economic incentives through one simple function call. Developers using Band Protocol will be able to easily build and manage off-chain oracles, reputation scores, identity management systems and much more.