Band Protocol has announced a strategic integration with Flow, a leading Layer 1 blockchain, known for its speed, decentralization, and developer-friendly features. This partnership occurs at the right time, especially when Flow is on the point of transitioning to its next phase, the Crescendo. This news was shared through Band Protocol on their official X account.
Excited to announce Band Protocol’s integration with @flow_blockchain’s Crescendo upgrade! This collaboration empowers EVM developers with secure, scalable, and real-time data solutions, for building innovative Web3 applications seamlessly on Flow. Full Details:… pic.twitter.com/yFEVO979qd
— Band Protocol TOKEN2049 (@BandProtocol) September 5, 2024
Band Protocol Brings Accurate Data to Flow’s Blockchain Ecosystem
Flow will benefit from Band Protocol’s decentralized data oracle since it will make it easier for developers to get accurate real-world data while creating their decentralized applications. This is a big step in the evolution of the Flow ecosystem and offers an opportunity to analyze the consequences of such changes.
It has been adopted as the go-to place for Web3 applications, digital assets and games because of its reliability, faster in operations and with friendly interfaces. These changes are all a part of the Crescendo upgrade, which boosts Flow with new features and enhancements to become an even more formidable player in the blockchain ecosystem. With the integration of Band Protocol, it adds to the effectiveness of Flow to grab secure-decentralized data that is vital for the developers.
Band Protocol allows Flow developers to pull data from exchanges such as CoinMarketCap and Binance; securely use BandChain consensus to verify the data, and report the executed data to Flow. This way it increases reliability of information that applications on Flow are using, such as real time prices of certain cryptocurrencies, like BTC/USD or ETH/USD.
Band Protocol and Flow Partnership Drives Creative Growth in Web3
Cadence programming language as well as compatibility with EVM enhances Flow’s capabilities to help developers to integrate with Band Protocol’s data feeds. This makes it easier to develop and deploy new decentralized applications (dApps) particularly in emerging sub-sectors of gaming, decentralized finance (DeFi), and non-fungible tokens (NFTs).
This upgrade known as Crescendo improves the architecture of flow to support the deployment of Ethereum based applications to flow without the need of a contract change. Band Protocol and Flow’s partnership is said to create new opportunities for both developers and users, while enhancing creativity in the Web3 domain.
Moving forward, Band Protocol continues its improvement towards extending the applicability of Flow with even more data services, security, and capability for more intricate use cases to bring about an integrated Web3 world.
