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A - Transactions are faster and more inexpensiveC - It reliably connects smart contracts to any external data-source or APIQ2: What is an example of decentralized finance using Band Oracle?B - Stablecoin protocol using Band’s ETH/USD feed to determine amount of stablecoin being lentD - Conditional payments using a custom oracle script on BandChain to verify real-world eventsQ3: What does Band Protocol offer in comparison to native blockchain-based oracle services?B - Low transaction speed,...
E - Low cost, real-time data, support for any data type, customizability, scalability and cross-chain compatibilityA - They’re not, this is a voluntary and open-source projectC - The Band team is paying validators to run nodesE - None of the aboveA - To bring utility to the BAND tokenD - Align economic incentive for validators to secure the oracle networkQ6: What can BAND token holders do to help secure the network and earn a portion of data request fees?C - Participate in the governance...
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