The crypto market continues to evolve, with new innovative solutions emerging constantly. In its recent Keynote, BlockDAG introduced significant innovations. In this article, we explore the roles of Chainlink, Band Protocol, and BlockDAG in the advancement of the blockchain industry.
Chainlink: Connecting Smart Contracts to External Data
Chainlink (LINK) is a decentralized oracle system that provides smart contracts with real-time external data. This has made blockchain more accessible and reliable in sectors like DeFi, insurance, games, and supply chains. Currently, LINK is valued at $13.62, showing a 29.14% weekly gain. Analysts predict a potential increase to $14.68 by the end of March 2025.
Band Protocol: Oracle System with Cross-Chain Access
Band Protocol (BAND) is another oracle system that provides real-world data access to smart contracts. The system distinguishes itself with speed and low transaction fees. As of March 2025, BAND is priced around $0.725968, a significant drop from last year due to market uncertainty.
BlockDAG Brings Real Hardware to Blockchain Infrastructure
BlockDAG changes the approach by providing users with physical hardware, such as X30 and X100 ASIC miners. These devices play a crucial role in ensuring the network's security and speed. The successful presale campaign raised $210 million, allowing the project to release over 19 billion coins.
Chainlink and Band Protocol have played significant roles in linking smart contracts to external data. BlockDAG, however, goes further by combining software with real hardware, showing long-term potential.
