Cronos To Integrate Band Protocol’s Oracle Solution
- Crypto.com’s EVM-compatible chain Cronos will use Band Protocol’s oracle solution to provide accurate price feeds.
- In return, Band Protocol will include the Cronos price feed as one of its data sources.
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In a blog post published on 12 August, Crypto.com announced it will be integrating Band Protocol’s oracle solution into Cronos, providing its developers with access to a high-performance decentralized network that can answer all of their external data needs. Cronos is an EVM chain running in parallel to the Crypto.org Chain.
The company noted this will be a two-way integration — Band Protocol will include the Cronos price feed as one of its data sources, while Cronos will integrate price feeds from Band Protocol as the trusted partner. Cronos developers will be able to use the Band Standard Dataset, which covers a range of over 230 price feeds for cryptocurrency assets, commodities, and foreign exchange.
As Band Protocol is also built upon Ethermint, a Cosmos SDK development framework Cronos is based on, the integration will enable it to relay data across different blockchains. This could enable dApps built on Cronos to migrate to the Crypto.org chain without compromising their price feeds.
Soravis Srinawakoon, the Co-Founder and CEO of Band Protocol, said that the integration marks a significant enhancement in the infrastructure and tooling available to Cronos developers. Utilizing Band Protocol’s oracle solution will enable them to build highly secure and reliable applications, he explained in the company’s blog post.
- Crypto.com has once again expanded its regulatory achievements with the acquisition of a major payment institution license for digital payment token services in Singapore.
- The license, for which the company received an in-principle approval last June, enables the exchange to provide a greater range of payment services in Singapore.
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- A hacker was able to manipulate the price of the AllianceBlock token on BonqDAO, which allowed him to drain close to $90 million worth of crypto from the protocol.
- Both platforms have paused their services, and are currently in the process of removing liquidity as to hinder the hacker’s ability to convert the stolen tokens.
- Chainlink Staking v0.1 is now available on the Ethereum mainnet to a limited number of users, but will be opened to the general public on 8 December.
- The new feature includes a LINK staking pool with 25 million token cap, which aims to secure the ETH/USD price feed within the Ethereum mainnet.