We provide access to data previously unavailable to blockchain developers, and at a far lower cost than any other oracle in the industry. And with over 1,200 data pairs available, we offer more data than any other oracle in the ecosystem.
From Polkadot to the British Pound to the price of Brent Crude, we support over 1,200 data pairs to developers around the world as they develop high-level blockchain projects.
Umbrella’s decentralized nodes are built using Layer 2 Merkle Trees, a solution for bundling thousands of data pairs into a single transaction. This technology significantly reduces costs while increasing the scalability of the system.
Umbrella collects data feeds from multiple sources to calculate the most accurate price in the market. It also utilizes a Delegated Proof of Stake (DPoS) consensus model to ensure the security of the data transfer process.
The data infrastructure supporting decentralized finance is too critical to be controlled by a centralized party. Umbrella is a community owned project where Stakers, Developers, Validators and the Foundation together govern how the network is operated.