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Ethereum Oracle Project Explodes By 146% in One Week

The crypto markets explode in price, with the most important coins trading in the green. Check out the latest reports about the price of the Ethereum Oracle project below.

Ethereum project price explodes

A low-cap decentralized oracle crypto project is skyrocketing this week after it rolled out a major upgrade proposal.

Band Protocol (BAND), which is a cross-chain data oracle platform. This is trading at $2.88 at the time of writing.

It’s also been revealed that the 230th-ranked crypto asset by market cap is up more than 5% in the past 24 hours and 146% in the last seven days, according to the reports coming from the online publication the Daily Hodl.

This is a project that has the main target to link smart contracts with real-world data, unveiled a proposal for a BandChain mainnet upgrade in late October.

According to the same reports, the upgrade will increase the mainnet’s throughput by 10x. More than that, it will also be a new feature that will make it easier for developers set up new nodes on the BandChain, according to Band Protocol’s marketing team.

The project explains the following:

“With this upgrade, we use the new Metering Middleware from Wasmer, a fast and secure WebAssembly runtime, to calculate gas consumption instead of using the ‘inject gas’ technique. This transition allows the OS (oracle script) to efficiently calculate gas consumption in a manner that is not only more methodical, but also structurally more sound.”

Ethereum in the news

It’s just been revealed that there’s massive bullish news out regarding the mass adoption of Bitcoin and Ethereum. Check out the latest reports below.

Financial services giant Fidelity said that it’s ready to roll out commission-free Bitcoin (BTC) and Ethereum (ETH) trading for US retail investors.

In a recent company update, Fidelity stated the firm is working to launch Fidelity Crypto, which would add commission-free access to crypto assets for US retail investors in its trading app.

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