Umbrella Network
ValidatedB2B
Tool
UMB$0.01+2.43% ↑
Decentralized and customizable oracle
- 87 Followers87 Followers
- 59 Likes59 Likes
About Umbrella Network
Umbrella Network, is a decentralized oracle service that provides blockchain projects with secure, scalable, and customizable data solutions. Umbrella offers smart contracts a broad suite of solutions, whether it is high frequency pricing updates, aggregating large volumes of data at scale, or providing tailored price feeds for specific needs.
Umbrella Network is a decentralized oracle service designed to offer scalable, secure, and cost-effective data feeds for smart contracts across multiple blockchains. Its core mission is to make decentralized data both accessible and reliable for various blockchain projects, enhancing the capabilities of decentralized applications (dApps). By leveraging a layer 2 solution, Umbrella Network ensures high throughput and low costs, which are critical for real-time data processing needs in sectors like DeFi, gaming, and more. This approach addresses the common limitations of traditional oracles, such as high costs and scalability issues. Umbrella Network stands out due to its community-driven governance model, which allows token holders to participate in important decision-making processes. Overall, Umbrella Network aims to significantly improve the functionality and reliability of dApps by providing accurate and timely data through a decentralized and scalable oracle network.
Umbrella Network Magic Store Validation Score
See Results ››Umbrella Network Review Score by Real Users
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Umbrella Network — це децентралізована служба оракула, яка надає блокчейн-проектам безпечні, масштабовані та настроювані рішення для даних. Umbrella пропонує смарт-контрактам широкий набір рішень, будь то часті оновлення цін, агрегування великих обсягів даних у масштабі або надання індивідуальних каналів цін для конкретних потреб.Read More ››
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UMB Token Price Chart (Real Time)
Token Statistics
- Market Cap$3,833,980.00
- Volume$217,822.00
- Circulating Supply387,429,521.598
- Max Supply447,532,308
- FDMC$3,857,837
About Umbrella Network Token
The UMB token is the native utility token of the Umbrella Network, which is a decentralized oracle service. The primary function of the UMB token is to facilitate the operation of the network by providing incentives for validators and users. Validators are rewarded with UMB tokens for their role in securing the network and ensuring the accuracy of the data provided to smart contracts. Additionally, UMB tokens can be used for staking, governance, and paying for data services within the network.
The UMB token also plays a crucial role in the network's decentralized governance model, allowing token holders to vote on proposals and changes to the network. This community-driven approach ensures that the development and direction of the network align with the interests of its users and stakeholders.
Where to Buy UMB Token: The UMB token is available on several exchanges, including decentralized exchanges like Uniswap and PancakeSwap, and centralized exchanges such as Gate.io and MEXC.
Umbrella Network Magic Store Trust Score
- Audit Score
- 1No. Of. Audits
- HighScore
- Security Validators Score
- 26.04.2024Validation Date
- App Privacy
No data collected
Umbrella Network User Trust Reviews
As an avid user of cryptocurrencies and decentralized applications (DApps), I have recently come across a game-changing platform that is set to revolutionize the way we interact with oracles in the blockchain ecosystem. This innovative project, known as the Umbrella Network, offers unparalleled customization options for users while maintaining a high level of decentralization. One of the key features of this network is its ability to provide highly accurate and reliable data through an extensive network of nodes that are distributed across various regions worldwide. This ensures that information provided by Umbrella Network remains up-to-date, relevant, and unbiased at all times. Furthermore, the platform's decentralized nature means that no single entity holds control over the system, ensuring transparency and security for its users. Another aspect of the Umbrella Network that sets it apart from other oracle solutions is its customizability. Users can tailor their data requests to suit specific needs, enabling seamless integration with a wide range of DApps. This level of flexibility allows developers to create more sophisticated and innovative applications without worrying about limitations imposed by traditional oracles. In addition to these impressive features, the Umbrella Network also boasts an intuitive user interface that makes it easy for both beginners and experts alike to navigate through its various functionalities. The platform's tokenomics are designed in such a way that users can earn rewards for contributing their computational power or staking tokens, further incentivizing participation within the network. In conclusion, the Umbrella Network is an exceptional example of how decentralization and customizability can be combined to create a powerful and versatile solution for the ever-evolving world of blockchain technology. With its cutting-edge approach to oracle services, I am confident that this platform will play a significant role in shaping the future of DApps and their interactions with real-world data sources.Read More ››
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Umbrella Network FAQ
Umbrella Network provides decentralized oracle services, delivering scalable, secure, and cost-effective data feeds to smart contracts on various blockchains. This ensures that decentralized applications receive accurate and timely information.
Umbrella Network's layer 2 solution processes data off-chain, allowing for high throughput and thousands of transactions per second. This significantly enhances scalability compared to traditional on-chain oracle solutions.
Umbrella Network ensures data security by utilizing a decentralized network of nodes. This architecture eliminates single points of failure and ensures data integrity through redundancy and verification.
Umbrella Network employs a community-driven governance model where token holders can participate in decision-making processes. This includes voting on proposals and changes to the network, ensuring that the community has a voice in its development.
By aggregating data off-chain, Umbrella Network reduces the costs associated with on-chain data storage and retrieval. This makes it a more cost-effective solution compared to traditional oracles that operate entirely on-chain.