Band Protocol Tests Upgrade on v3 Testnet, Aims at Releasing Band Oracle v3 in Late August

Band Protocol, a cross-chain information oracle platform that connects information from observe with good contracts, has at this time introduced that greater than 200 tokens symbols have been efficiently examined on Band V3 Testnet.

In his tweet that was positioned on X at this time, the band protocol revealed that his V3 take a look at community successfully examined greater than 200 tokensymbols. The occasion is significant as a result of it emphasizes the potential of the Oracle community to supply completely different, dependable value information.

The improve launch of band Oracle V3

Band Protocol owns and runs Bandchain, a blockchain that’s constructed on high of the Cosmos SDK. The blockchain is explicitly supposed for Oracle calculation, in order that good contracts can talk successfully and safely with observe information.

In line with the report, the profitable checks of 200+ symbols on the Band V3 Testnet present completely different implications. Firstly, it emphasizes the upcoming launch of the band Oracle V3 within the Mainstje in Q3 (in July, August or September 2025). The V3 -Testnet Testnet ran parallel to the Bandchain Minet.

With the launch of the Band Oracle V3, band protocol builders and initiatives can state all desire tokensymbols on the Bandchain through the Sign Hub (accessible through Cosmoscan). Initiatives and builders use the sign hub to vote over and suggest which tokens symbols have to be added to Bandchain’s information types. Suppliers of the drafting used the take a look at to organize for the tokens symbols of the band community. The extra Bandtokens are set for a sure image, the extra usually Validators give updates on the worth information. This consensus method ensures that the oracle offers information for tokens with a excessive demand.

Bridge the hole

Secondly, this take a look at community is critical as a result of it confirmed the energy, scalability and resilience of the decentralized Oracle protocol of the tire. It signifies that builders have examined the brand new capabilities and good contracts that had been associated to the upcoming tokens symbols of Band and the Networkup Grades.

The take a look at community made intensive experiments doable, figuring out and repairing vulnerabilities and bugs earlier than the implementation of the tokens symbols within the band Oracle V3. This course of helped with the elimination of high-priced errors and potential safety vulnerabilities.

Furthermore, the profitable take a look at community occasion signifies that builders have assessed the efficiency of the blockchain amongst completely different eventualities (reminiscent of elevated image necessities, excessive transaction quantity, and so forth.) to make sure that it has the chance to fulfill Actual-World necessities.

To finish, the take a look at community is essential for Bandchain as a result of it rated its means to develop his oracle providers, a variety of different blockchain platforms. In brief, the profitable checks of greater than 200 tokens symbols and multi-chain integrations emphasizes the readiness of the blockchain for numerous functions.