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Summary of Umbrella Network
Key Points
- Launched in 2021, Umbrella Network is a decentralized, community-owned oracle service providing secure, scalable, and customizable data solutions.
- Offers high-frequency pricing updates, large volumes of data, and tailored price feeds.
- Secured by a decentralized network of community validators.
- Unique features: decentralization, scalability, low latency data delivery, and customizable data feeds.
- Data rollup solution using Merkle tree technology for efficient data delivery.
- Low latency data on demand and community-run validator network.
- Integrated into multiple blockchain ecosystems, including Ethereum, BNB Chain, and Solana.
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About Umbrella Network
Introducing Umbrella Network, a decentralized data oracle service designed to bridge the gap between blockchain and real-world data, empowering the next generation of decentralized applications (dApps).
Introducing Umbrella Network (UMB): A Comprehensive Overview
Launched in early 2021, the Umbrella Network is a decentralized, community-driven oracle service that furnishes blockchain projects with secure, scalable, and tailored data solutions, catering to their unique requirements.
Umbrella provides projects with a comprehensive range of solutions, encompassing high-frequency pricing updates, scalable delivery of large data volumes, and bespoke price feeds tailored to specific requirements.
Underpinned by a decentralized network of community validators, Umbrella ensures seamless access to any required data, whenever it’s needed.
Umbrella Network is a decentralized, community-driven endeavor, governed by a DAO community council and a dedicated core team, collectively responsible for charting the project’s strategic direction and overseeing its successful execution.
Unveiling the Unparalleled Advantages of Umbrella Network
At the heart of Umbrella Network’s distinctiveness lies its innovative fusion of decentralization, scalability, and low-latency data delivery, coupled with the capability to provide bespoke data feeds tailored to individual needs.
Customizable Data Feeds: Umbrella Network presents a distinctive value proposition by offering projects the flexibility to tailor their data feeds to their exact specifications. With the ability to dictate the type and frequency of price feeds, projects can precision-craft their data intake to meet their unique requirements, leveraging Umbrella Network’s adaptable infrastructure to accommodate their precise needs.
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Scalability Unlocked: By leveraging a data rollup solution powered by Merkle tree technology, Umbrella Network can efficiently process and deliver vast amounts of data at a fraction of the cost. This scalability enables the network to handle large-scale data requests with ease, making it an ideal solution for a diverse range of applications.
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Real-Time Data on Demand: Umbrella Network’s low-latency data delivery capabilities allow users to access real-time or near-real-time data swiftly and on demand. This enables applications with stringent latency requirements to operate seamlessly, unlocking new possibilities for data-driven innovation.
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Decentralized Validator Network: Unlike traditional oracles, Umbrella Network’s decentralized validator network is operated and maintained by a diverse community of professional and community-driven node operators. This community-centric approach fosters trust, security, and resilience, mitigating the risks associated with centralization.
Data at Scale: Leveraging a data rollup solution powered by Merkle tree technology, Umbrella Network is capable of delivering vast amounts of data at remarkably low costs. This scalability enables the network to efficiently handle large-scale data requests, rendering it an ideal solution for a diverse range of applications.
Low Latency Data on Demand: Umbrella Network’s distinguishing feature lies in its capacity to furnish data on demand with remarkably low latency. This enables users to swiftly access real-time or near-real-time data, thereby empowering applications with stringent timing requirements to operate with optimal efficiency.
In a departure from traditional oracle systems, Umbrella Network’s decentralized validator network is uniquely community-driven, relying on a diverse ensemble of professional and community node operators to ensure its seamless operation and maintenance. This collaborative approach fosters an environment of enhanced trust and security, thereby mitigating the risks associated with centralization.
These features render it a versatile and dependable solution for a diverse range of decentralized applications and projects that necessitate precise and tailored data.
Ensuring the Integrity of the Umbrella Network: A Robust Security Framework
The Umbrella Network operates on a dedicated sidechain, seamlessly integrating with a diverse range of blockchain ecosystems, including Ethereum, BNB Chain, Polygon, Arbitrum, Avalanche, Base, Linea, and Solana. The network’s oracles are fortified by a decentralized collective of community validators, who aggregate data from multiple sources and engage in consensus rounds to ensure the accuracy and verification of the data before it is immutably recorded on the blockchain.
Where to Acquire Umbrella Network (UMB) Tokens
Umbrella Network’s UMB token is listed on a range of prominent decentralized exchanges, including:
Explore the realm of decentralized exchanges with Uniswap
https://uniswap.org/
and PancakeSwap
https://pancakeswap.finance/
, two pioneering platforms revolutionizing the cryptocurrency landscape.
Notably, UMB is also supported by a range of other esteemed exchanges, including:
- Notable cryptocurrency exchanges include Gate.io, AscendEX, and MXC.COM, among others.
It is crucial to acknowledge that investing in cryptocurrencies is not without peril, akin to any other form of investment, which inherently entails a degree of risk.
Discover the ins and outs of purchasing cryptocurrencies and explore the vast opportunities available in the digital asset market.