Cosmos Network

DeFi oracle Band Protocol to supply pricing for South Korea’s ICON – Decrypt

One of South Korea’s most popular and well-funded blockchain projects is getting a boost in real-world data accessibility.

Band Protocol, the cross-chain data oracle platform announced today integration with ICON, a popular and well-funded South Korea-based blockchain project. Band Protocol will provide secure, real-time and cross-chain data to ICON users, while gaining access to tens of millions of dollars in daily transaction volume on the South Korea-focused blockchain network.

It’s another early sign of the growing push to take DeFi off Ethereum, as the network struggles to keep up with surging demand.

Band Protocol provides secure data about real world prices and pricing activity on other chains through a network of decentralized validators. It was developed using the Cosmos SDKa set of tools for building and connecting custom blockchains on the Cosmos networkand has the support of several prominent investment entities in the crypto space, notably Binance and VC firm Sequoia Capital. Band Protocol currently provides data on Binance Chain, Cosmos, and Ethereum.

ICON provides the ICONex wallet compatible with multiple cryptocurrencies as well as ICONick, a service allowing users to select a unique nickname to use to send and receive crypto more easily. ICON Source…