Band - a cryptocurrency that connects databases with blockchain

World blockchain technology and cryptocurrencies does not have to be a hermetic environment, inaccessible to representatives of traditional business. The Band project is another one that proves it on its own example, showing how easy it is to implement secure and technologically advanced blockchain solutions to the world of everyday finance and more. 

We are continuing the cycle of the Forex Club portal in which we analyze and describe the largest, highest-valued, most interesting, most developmental, advanced and also the most controversial cryptocurrency projects around the world. Today it's time for Band - an idea that is a bridge between the digital and analog world. Somewhat similar to a glowing triumph chain link (LINK)but still in the early stages of development.

How Band

The Band platform is a completely decentralized project based on blockchain technology. Its main task is to securely mediate blockchains with technology used in traditional business. Without a doubt, the biggest advantage of Band Protocol is the fact that it can be integrated with all blockchain networks. Thanks to this, data from any project can go to any blockchain network, and this is undoubtedly the greatest advantage of smart contracts, which can be used in this way in virtually every project. Band Protocol is integration with both smart contracts in Ethereum, but also Polkadot, Neo, Cosmos and with virtually any other blockchain.

An undoubted advantage of this solution is its decentralization, which guarantees the security of all data that is transferred and stored in the protocol. Thanks to this, it can be used in projects that currently require the use of costly, and still not fully reliable security measures.

Thanks to decentralization, it is possible to base the transfer of data on the prices of financial instruments on it, build their counterparts based on blockchain technology and offer an even greater range of products. Bookmakers and organizers of various plebiscites and voting will also benefit from this. The most classic solution is of course the entire financial sector, based on the interface between traditional and digital finance.

Who does Band work with

Already today, the protocol that is entering the market has managed to establish permanent cooperation with the giant of the crypto market - Binance cryptocurrency exchange. And in fact, this could be the end of this calculation, because it is difficult to imagine a better recommendation than integration with the world's largest cryptocurrency exchange, for which Band continuously provides up-to-date valuations of over 600 cryptocurrencies. 

Already at the beginning, in 2017, we managed to collect USD 11 million for development in the early stage of the project. Except Binance, big companies such as Sequoia Capital, Alphain Venture and several smaller institutional investors also believed in him.

Now is the time to monetize solutions, but also to improve them and further develop them. Band Protocol already works as a data provider, but it can also handle transactions, and the target bandwidth is to reach several thousand transactions per second. 

BAND cryptocurrency quotes

As of February 22, 2021, the Band token can be traded on 34 cryptocurrency exchanges from around the world. There are 20 of the planned 494 million units traded, valued at $ 033, bringing the total capitalization in excess of $ 100 million. The peak of the cryptocurrency, which was established in mid-16,26, was on February 333, 2019, when each Band token was paid $ 13. Only in the last 2021 months, the price of this digital asset has increased by 20,39%, and the last month is 12% growth.