Open Finance Platform Wanchain Announced As Official Genesis Validator For Band Protocol
Band Protocol has onboarded Wanchain, one of our strategic partners, as an official genesis validator for BandChain. In support of Band Protocol’s mission to connect smart contracts to any external data source or API, the Wanchain team has been working closely with us over the last month to stress test the BandChain testnet #2 with 30+ validators to date.
Wanchain is revolutionizing the way the world thinks and does finance, creating the technological infrastructure to facilitate digital transactions and open finance. As a multi-blockchain financial hub, Wanchain connects all isolated public and private blockchains to allow the flow of digital assets and data around the world. Band Protocol has been integrated with Wanchain to enable secure, real-time and reliable oracles for developers to utilize and build upon, providing the foundation of an interoperable financial system.
“We’re really excited about the new possibilities Band Protocol v2 will bring to Wanchain DApps including real-time data connections to any data source or APIs. We are confident in their ability to become a key player in the oracle space and will be supporting their mission as a genesis validator on the BandChain network.
Jack Lu, CEO & Founder of Wanchain
Having Wanchain as a block validator will align economic incentives alongside the technical integration of various decentralized applications built on Wanchain (i.e. FinNexus and Wandora Box) to support and strengthen the interests of both projects.
Furthermore, the WAN community will be able to contribute to the decentralization and reliability of the Band Protocol oracles that power all underlying DApps built on Wanchain by staking BAND on behalf of the Wanchain node.
“Band Protocol looks forward to having Wanchain join the BandChain ecosystem as a genesis validator, extending mutually beneficial collaborations in our strategic partnership. We are excited to see Wanchain’s rapidly growing ecosystem and continue to provide support through decentralized oracles as the reliability and security of off-chain data becomes increasingly important.”
Soravis Srinawakoon, CEO & Co-Founder of Band Protocol
We look forward to continuing this long-term and multi-faceted partnership with Wanchain to bring new blockchain use-cases that have been previously limited, into fruition.
About Wanchain
Wanchain is the infrastructure connecting the decentralized financial world. Wanchain’s live cross-blockchain solution is EVM-based, includes optional private transactions, and provides a decentralized, permissionless, and secure approach for interoperability. Wanchain has employees globally with teams in Beijing (China), Austin (USA), Kuala Lumpur (Malaysia), and Madrid (Spain).
Website | Documentation|Telegram | Discord | Medium | Twitter | Reddit
About Band Protocol
Band Protocol is a cross-chain data oracle platform that aggregates and connects real-world data and APIs to smart contracts. Blockchains are great at immutable storage and deterministic, verifiable computations — however, they cannot securely access data available outside the blockchain networks. Band Protocol enables smart contract applications such as DeFi, prediction markets, and games to be built on-chain without relying on the single point of failure of a centralized oracle. Band Protocol is backed by a strong network of stakeholders including Sequoia Capital, one of the top venture capital firms in the world, and the leading cryptocurrency exchange, Binance.
Website | Whitepaper | Telegram | Medium | Twitter | Reddit | Github
