Band Protocol is happy to formally announce the launch of Band v3 on its mainnet. This growth marks a revolutionary leap within the feed know-how of decentralized knowledge. By this improve, a complete design for Band’s infrastructure is introduced. This groundbreaking transfer goals to empower sensible contracts and AI brokers by offering real-time and safe knowledge to them. On this approach, the platform strives to attach Web2 APIs with Web3 purposes, scaling them at unprecedented pace.
Band Protocol’s mainnet launch is ready to outline new requirements for Scale, pace, and multichain attain. The platform additional invitations builders to navigate dependable knowledge infrastructure. Band Protocol, an oracle community for decentralized cross-chain knowledge, has witnessed the event by way of its official X account.
Band Protocol v3 to Energy Up Web3 and Past by Unleashing Multichain Sensible Information
The goal of Band’s v3bis Multichain operability, enhancing efficiency metrics. The time span for blocks has been slashed to 1 from roughly six seconds. By this, block experiences tripled throughput together with enhanced tenfolds. The introduction of three key architectural parts have made this development attainable.
The three keys embody the Signaling Hub for decentralized image governance, the Concurrent Worth Stream for asset worth with excessive frequency, and the Information Tunnel. The represented keys purpose to supply the relays for cross-chain and safe feed. The mission-critical knowledge, like worth updates and validator studies is protected by customized mempool.
Band Protocol Supported by Prime Validators, Starting a New Period of Oracle Infrastructure
The highest-tier validators again the brand new mainnet, together with Binance Validator, HashKey Cloud, Nansen, and Cosmo Station. A further 40 validators are prepared to hitch the mainnet. The cross-chain knowledge relay is additional secured by Band Protocol’s v3, leveraging the router protocol. The v3 of Band Protocol is infused into IBC and IBC-Hook-enabled chains.
This initiative is simply a starting to carry extra builders, protocols, and validators to the protocol. This development is poised to outline the way forward for decentralized and open knowledge.
Band Protocol introduces these improvements to cement its popularity within the Web3 knowledge infrastructure. The protocol is ready to empower the subsequent technology of decentralized purposes by offering safety, unprecedented pace, and accessibility.
