Alisa Davidson
Revealed: December 24, 2024 at 6:55 am Up to date: December 24, 2024 at 6:55 am
Edited and fact-checked:
December 24, 2024 at 6:55 am
In Transient
Band Protocol has built-in with OKX X Layer to strengthen blockchain interoperability and supply decentralized purposes seamless entry to real-world information.
Cross-chain information oracle platform, Band Protocol introduced a strategic integration with OKX’s X Layer, a ZK-powered Layer 2 community. This collaboration goals to reinforce blockchain interoperability and supply decentralized purposes (dApps) with seamless entry to real-world information. The combination aligns with Band Protocol’s mission to democratize information entry throughout the blockchain ecosystem.
The partnership leverages OKX X Layer’s capability to bridge the OKX and Ethereum communities, making a synergy between Band Protocol’s oracle options and X Layer’s know-how. This integration is predicted to speed up innovation and develop utility inside the decentralized ecosystem.
OKX X Layer combines Ethereum’s familiarity with the superior options of zero-knowledge (ZK) know-how, providing builders value financial savings and high-speed infrastructure. The platform additionally permits them to make the most of Ethereum’s instruments and belongings whereas benefiting from the scalability and effectivity of ZK networks. For finish customers, this interprets into sooner transactions and decreased prices with out compromising the safety and decentralization foundational to blockchain know-how.
The combination of Band Protocol’s Worth Feed with X Layer ensures that decentralized purposes working on the community obtain dependable, correct, and real-time information. This setup enhances the performance of dApps by offering them with constant and exact data vital for his or her operations.Â
Enhancing ZK-Powered X Layer With Band Protocol Oracle
The combination of Band Protocol with OKX’s X Layer community represents a notable development within the community’s performance. By Band Protocol’s decentralized oracle community, X Layer now advantages from real-time, correct information sourced from a wide range of exterior inputs. This functionality is especially vital for dApps in sectors like decentralized finance (DeFi), the place well timed and exact value information is crucial for clean operations.Â
Moreover, this collaboration expands the potential of X Layer by offering builders with entry to a broader spectrum of information, enabling the creation of latest dApps that have been beforehand restricted by restricted information entry. Furthermore, it provides substantial value benefits by eliminating reliance on centralized information suppliers, thereby decreasing operational bills for dApp builders on X Layer.
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About The Creator
Alisa, a devoted journalist on the MPost, makes a speciality of cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a eager eye for rising developments and applied sciences, she delivers complete protection to tell and interact readers within the ever-evolving panorama of digital finance.
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Alisa Davidson
Alisa, a devoted journalist on the MPost, makes a speciality of cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a eager eye for rising developments and applied sciences, she delivers complete protection to tell and interact readers within the ever-evolving panorama of digital finance.
Extra articles
