Umbrella Network (UMB) Adopts Binance Smart Chain | CryptoWendyo
Umbrella Network is a decentralized, community-owned, layer 2 data oracle for the blockchain and DeFi ecosystems. UMB brings data on chain that other oracles simply cannot, and at a lower cost and far higher scalability than anyone else in the market.
Umbrella Network launched on Binance Smart Chain recently in May of 2021. May will be BSC Month for Umbrella Network where they will be announcing partnerships with 8 - 10 BSC projects throughout the month.
Umbrella Network uses Merkle trees to aggregate thousands of pieces of data into a single blockchain transaction. Other oracles are all doing one-to-one transactions, making it very costly and hard to scale.
This allows Umbrella network to not only be the lowest cost oracle, but also massively more scalable, and able to provide the most data pairs, over 1,000 pairs, and counting, compared to any other oracle in the market today.
UMB provides a broader mix of data types, from major crypto pairs to mid and small-cap crypto, to equities, commodities, complex indexes, and sophisticated calculated metrics like implied volatility, and much much more.
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