What Is Umbrella Network (UMB)?
Launched in early 2021, Umbrella Network, is a decentralized, community owned oracle service that provides blockchain projects with secure, scalable, and customizable data solutions.
Umbrella offers projects a broad suite of solutions, whether it is high frequency pricing updates, delivering large volumes of data at scale, or providing tailored price feeds for specific needs.
Secured by a network of decentralized community validators, Umbrella can provide any data that you need when you need it.
Umbrella Network is a decentralized, community owned project run by a DAO community council and core team who together are responsible for the direction and execution of the project’s goals.
What Makes Umbrella Network Unique?
Umbrella Network's uniqueness lies in its combination of decentralization, scalability, low latency data delivery, and the ability to provide customizable data feeds.
Customizable Data Feeds: Umbrella Network offers a unique proposition by allowing projects to customize their data feeds. Projects can decide the type and frequency of price feeds they require, and Umbrella Network's infrastructure is designed to accommodate these specific needs. This flexibility empowers projects to tailor data feeds to their precise requirements.
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Data at Scale: Umbrella Network employs a data rollup solution utilizing Merkle tree technology that allows it to deliver massive amounts of data at exceptionally low costs. This scalability ensures that the network can handle large-scale data requests efficiently, making it suitable for a wide range of applications.
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Low Latency Data on Demand: One of Umbrella Network's standout features is its ability to provide data on demand with low latency. This means that users can access real-time or near-real-time data swiftly and on demand, enabling applications with these requirements to perform effectively..
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Community-Run Validator Network: Unlike many other oracles, Umbrella Network relies on a decentralized validator network that is operated and maintained by both professional and community node operators. This community-driven approach enhances trust and security in the network, making it resilient to centralization risks.
These features make it a versatile and reliable solution for various dapps and projects in need of accurate and custom data.
How Is the Umbrella Network Network Secured?
The Umbrella Network runs on its own sidechain. It currently supports and is integrated into multiple blockchain ecosystems including Ethereum, BNB Chain, Polygon, Arbitrum, Avalanche, Base, Linea, and Solana. Umbrella’s oracles are secured by a decentralized network of community validators. The validators take data from multiple data sources, and then participate in consensus rounds to ensure that the data is properly verified and accurate before it is written on chain.
Where Can You Buy Umbrella Network (UMB)?
Umbrella Network’s UMB token can be found on the following decentralized exchanges:
Uniswap https://uniswap.org/ PancakeSwap https://pancakeswap.finance/
Other exchanges supporting trades in UMB include:
It is important to note that investing in cryptocurrencies carries risk, just like any other form of investment.
Find more information here about buying cryptos.
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