Cronos Integrates Band Protocol To Provide Reliable External Data For the DeFi Apps

CoinEdition

Published Aug 13, 2021 06:51AM ET

Cronos Integrates Band Protocol To Provide Reliable External Data For the DeFi Apps

  • Crypto.com’s Cronos announced a partnership with Band Protocol
  • The partnership with Brand protocol is a 2-way integration.
Crypto.com’s Cronos, the EVM chain running in parallel to the Crypto.org Chain announced a partnership with Band Protocol — a cross-chain data oracle platform that aggregates and unites real-world data and APIs to smart contracts.

The partnership with Band Protocol will allow Cronos to provide scalable and customizable decentralized oracle services. This includes providing reliable external data for the DeFi and apps on Cronos.

According to the Crypto.com team, the partnership with Band protocol is a 2-way integration. It means that Band Protocol will add Cronos real-time price feed as one of their data sources. Meanwhile, Cronos will connect with Band Protocol price feeds as the trusted partner for developers to create custom dece...

Continue reading on CoinQuora

Get The News You Want
Read market moving news with a personalized feed of stocks you care about.
Get The App

Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

Sign out
Are you sure you want to sign out?
NoYes
CancelYes
Saving Changes