Categories: Cryptocurrency

CoinGecko & Band Protocol to Help with Band Standard Phase 2

To get an insightful picture of the cryptocurrency market, it is important to have a complete and in-depth analysis. CoinGecko is one of the most trusted names in the cryptocurrency analysis segment, and it provides clients information related to a variety of cryptocurrency indifference such as price, volume, and market capitalization.

CoinGecko has now announced a partnership with the Band Protocol. According to the details, CoinGecko will play a crucial role in developing the next version of the BandChain Phase 2. The association will help data providers with several new ways, including monetizing and commercializing their solutions. Besides, data providers can also charge for the per call or time basis, further enhancing their revenue potential.

BandChain Phase 2 is supported by a large consortium of reputed organizations and data providers. Now the entry of the CoinGecko in the block will bring more authenticity to the project. The association of the CoinGecko in this project is particularly helpful in creating a solution that can be used by a variety of analysts through the decentralized oracle network of the BandChain.

The Standard Dataset offered by the Band Protocol is very much popular in the market. The level of its popularity can be easily accessed because more than 20 financial protocols based on decentralized technology are using this dataset. Some of the prominent names in the client list include Ethereum, Nervos, Binance Smart Chain, Waves, Elrond, and ICON.

The top executives of both organizations have expressed their delight in this coming together. There is also an optimism in the blockchain domain that this partnership will enhance the adoption potential of cryptocurrency and blockchain technology. The scope of applicability of BandChain Phase 2 is extremely large, and its successful implementation is crucial for the entire ecosystem of blockchain, including users, analysts, and even competing organizations.

Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

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