Band Protocol Partners with Router Protocol to Power Cross-Chain Price Feeds

Band Protocol has chosen Router Protocol as the primary Knowledge Tunnel supplier for the upcoming Band v3 improve. The Knowledge Tunnel is without doubt one of the three most important parts of Band v3, which goals to broadcast the collected value information from BandChain to different blockchains and sensible contract platforms. This mechanism improves cross-chain communication and permits builders to simply entry real-time decentralized asset costs.

The Knowledge Tunnel leverages BandChain’s Concurrent Value Stream, enabling safe and cost-efficient transmission of value feeds. To supply cryptographic ensures, the Knowledge Tunnel employs the Threshold Signature Scheme (TSS) which reduces proof prices and maintains the safety of the info relay. The characteristic allows the dissemination of value feeds throughout a number of ecosystems by leveraging the integrating performance of suitable protocols akin to Router.

Router Protocol’s Position in Band v3 Ecosystem

Router Protocol is the most recent addition to the record of companions within the Band Protocol ecosystem and is a blockchain interoperability platform. router is a cross-chain messenger service which has a deep integration with the Cosmos SDK and CosmWasm. This interconnection permits for transition between BandChain and Router’s ecosystem by way of the implementation of IBC protocol.

Router Protocol will decrypt and ahead the value feeds acquired from BandChain to different supported blockchains by way of Router. Thus, Router helps to handle secure and efficient information transmission whereas permitting builders to obtain reliable value information with out extra integration difficulties. This partnership displays Band Protocol’s purpose of setting up a decentralized information infrastructure for the Web3 group.

Penalties for Builders and the Web3 Setting

Band Protocol and Router Protocol partnership is predicted to learn builders constructing decentralized purposes (dApps). Router will now present quick access to actual time value information aggregated from Band v3, which is essential for DeFi and different tokenized property.

This partnership can even assist drive the mixing of Band Oracles on Router’s supported blockchains to advance the Web3 ecosystem. The current introduction of Oracle capabilities in Band v2 will assist builders create safer and scalable cross-chain purposes sooner or later when Band v3 is launched.