Band Protocol deploys a validator node on Fantom mainnet
We are proud to announce that Band Protocol has deployed a validator node on the Fantom Opera Mainnet. The node has already rallied 1.46M FTM in delegation from the community.
Band Protocol has been working closely with the Fantom ecosystem of DeFi applications to provide secure, decentralized oracles including the likes of C.R.E.A.M. Finance. We are excited to further our relationship with Band Protocol as we continue to collaborate on the integration of Band Oracles and introduce new products into the Fantom ecosystem ecosystem including Verifiable Random Functions (VRFs) down the line.
About Band Protocol
Band Protocol is a cross-chain data oracle platform that aggregates and connects real-world data and APIs to smart contracts. Blockchains are great at immutable storage and deterministic, verifiable computations — however, they cannot securely access data available outside the blockchain networks. Band Protocol enables 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. Band Protocol is backed by a strong network of stakeholders including Sequoia Capital, one of the top venture capital firms in the world, and the leading cryptocurrency exchange, Binance.
Fantom is a fast, scalable, and secure layer-1 EVM-compatible platform built on a permissionless aBFT consensus protocol. On Fantom, transactions are confirmed in 1 second and cost a fraction of a cent. Speed, low transaction costs, and high throughput make Fantom ideal for DeFi applications and real-world use-cases.