Band Protocol’s decentralized, permissionless, and time-tested data oracle solution is now available on Celo. Celo is a mobile-first, carbon-neutral blockchain that makes decentralized financial (DeFi) tools and services accessible to anyone with a mobile phone–bringing the powerful benefits of DeFi to the users of the 6 billion smartphones in circulation today.
With Band Protocol’s oracle, the data solution available to Celo Devoplers is not only end-to-end customizable, but also inexpensive and fully decentralized.
Typically, data sharing largely depends on third-party APIs accessed through a secure HTTP connection. Without oracles, blockchains are unable to interact with real-world data native to the traditional (Web2) internet. Because smart contracts within a blockchain platform are isolated from Web2 functionality, external communication isn’t possible. Band oracles on Celo solve this communication problem in a robust and resilient way.
Expanding Ecosystem Reach
The integration of Band oracles on the Celo blockchain enables projects built on Celo to receive real-world data to smart contracts reliably, expanding the ecosystem’s reach into external data on legacy systems. In short, the oracles allow the Celo platform to navigate from a closed smart contract system to an open and inclusive system, providing greater flexibility to developers and users of the network.
Incorporate Band Into Your Project on Celo
Access to Band protocol on Celo is available on both mainnet and Alfajores testnet. Several projects on Celo, including Ubeswap, Moola, Kresko, and Mobius, have already adopted Band oracles to expand and improve their user experiences. If you are a developer looking to incorporate Band oracles into your project, review Celo’s tutorial to get started.
To learn more about building, deploying, and managing applications on the Celo network, read technical documentation.
Celo is a mobile-first, carbon-neutral blockchain that makes decentralized financial (DeFi) tools and services accessible to anyone with a mobile phone–bringing the powerful benefits of DeFi to the users of the 6 billion smartphones in circulation today. What is the Celo Platform? With its interoperability, cross-chain compatibility, and vision for inclusivity, Celo enables native and non-native digital assets–both private and public)–to circulate freely, at extremely low costs and high speeds, across devices, carriers, and countries–making money mobile, global and accessible like never before.
About Band Protocol:
Band Protocol is a cross-chain data oracle platform with the aspiration to build high-quality suites of web3 development products. The flagship oracle solution aggregates and connects real-world data and APIs to smart contracts, enabling 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.
More about Band Protocol: https://linktr.ee/bandprotocol