This article was first published on Stories by TRON Foundation on Medium
TRON and Band Protocol Form Strategic Partnership; Scalable Oracle Technology and Ecosystem Integrations Underway
TRON, one of the largest blockchain-based operating systems in the world, has formed a strategic partnership and completed integrations with Band Protocol to bring secure and verified decentralized oracles to power its rapidly growing DeFi and decentralized application space. The announcement comes as TRON Founder and CEO of BitTorrent Justin Sun prepares to conduct an AMA at with Band Protocol CEO and Co-Founder Soravis Srinawakoon on Wednesday, September 2nd, 9:00 PM Pacific Time (PT).
Band and TRON are solving the blockchain scalability issue and have joined forces to bring high-throughput, customizable, and decentralized oracles for all TRON developers and various industry-leading DApps in the TRON ecosystem. Additionally, a TRC20 BAND token is being explored to be utilized in TRON DeFi DApps as a collateral asset, store of value, medium of exchange, and more.
As part of the strategic partnership, the TRON Foundation is already working closely with Band Protocol to integrate and secure all TRON DApps covering DeFi, games, RNG, enterprise applications, and other applications processing millions of dollars in value and hundreds of thousands of users. The first Band Protocol DApp integration is with JUST, the leading stablecoin protocol on TRON, to secure over $30M in collateral.
The bridge implementation of the BandChain decentralized oracle network has been completed with the assistance of TRON core developers who have also officially added Band Protocol into the TRON developer documentation. The documentation provided developers a comprehensive guide on how to leverage the tools to query the data already available on the BandChain bridge contract or create a custom decentralized oracle with fine-tuned parameters. With this integration, TRON developers are empowered to build highly secure decentralized applications that are truly scalable without the limitations of excessive data costs or congestion ...
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