Blockchain
By James Thorp
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Oracles are crucial to help smart contracts perform at their fullest. Smart contracts are designed to create Dapps and DAOs for organizations which call for real-world information.
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Talk about the oracles today and there are two protocols that are commanding headlines of late- Bridge Protocol and Band Protocol.
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Bridge is the first ever public oracle for TRON blockchain and was launched recently. TRON announced the upcoming launch of Bridge in the early quarter of 2020 and the Bridge…
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Band has been launched in two versions. The first version (Band v1) was initially launched in 2019 September, on Ethereum.
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As mentioned previously, Bridge Oracle is based on TRON blockchain and it works to supply real-world data for the said blockchain only.
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Band Oracle is developed with cross-chain functionality. Put simply, the Band Oracle is not dedicated to one particular blockchain- rather it works to provide data for several…
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The Bridge protocol oracle ecosystem supports a wide range of APIs. These include Public API, Decentralized API as well as Enterprise API.
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At present, Band protocol oracle can only support low-quality free APIs. In other words, it cannot offer support for password-protected APIs, at least for now.
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The Bridge oracle operates through BRG token while the native token for Band Oracle is BAND.
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