Our Network

We bring big data to the world of blockchain. With our data solutions, you can connect your blockchain applications with all the data it needs in a secure and cost efficient way.

Our Network
The Network Explained.

The Network Explained.

Umbrella Network is a community owned decentralized oracle service providing secure, low cost, and massively scalable data solutions to blockchain applications.

Broad Range of Data - Umbrella provides access to data previously unavailable to smart-contract developers across multiple segments including mid and long tail crypto assets as well as real world financial data. 

Native Token - At the center of the Umbrella Network is the $UMB token which helps in securing the network and is used by the community to stake, vote on key representatives, and earn rewards & user fees. 

Merkle Tree advantage - Umbrella solves the scalability problem in oracles by leveraging a layer 2 solution and utilizing Merkle trees for batching transactions. 

Community Ownership - The network is community owned and governed with the majority of token supply allocated to the community. 

Umbrella Network uses its technology to enable massively scalable, cost effective, and secure access to outside data for blockchain developers.

Connect your blockchain application with all the data it needs in a secure, cost effective way

Secure
Cryptographically secured, tamper-proof, economically protected with the help of Delegated Proof of Stake (DPoS) consensus and cryptography tools.
Decentralized
Decentralized oracle validator network consisting of independent and Sybil-resistant nodes.
Multiple Data Sources
Connected to multiple leading data providers to mitigate the threat of attack on any single source.
Cost Effective
Merkle Tree based scaling allows Umbrella Network to aggregate thousands of data points onto a single blockchain transaction, driving costs down significantly.
All APIs Supported
Developers will be able to retrieve and post any data from the web with the help of Umbrella Direct API.
More Data
With over 1,200 data pairs and growing, Umbrella has the largest selection of data pairs and types offered in the market today.
Current Oracles
Costly and slow.
Costly and slow.
Very limited Crypto data.
Very limited Crypto data.
Have various elements of centralization
Have various elements of centralization
Umbrella Network
Cost-efficient and fast
Cost-efficient and fast
Diversity of data - mid and long tail of the crypto markets, volatility data, and real-world non crypto data like crude and forex
Diversity of data - mid and long tail of the crypto markets, volatility data, and real-world non crypto data like crude and forex
Designed to be completely decentralized from top to bottom
Designed to be completely decentralized from top to bottom

Our Platform

Discover how our platform enables a truly decentralized oracle, invulnerable to influence, manipulation, or attack.

Infinite Scalability

Infinite Scalability

allowing thousands of data pairs to be bundled and committed into a single transaction and for a single fee. Our technology can scale, virtually without limitations, to store millions of data pairs and beyond.

Validator Registry

Validator Registry

Umbrella DAO will manage the validators within the validator registry and can add or remove validators. Each validator is prescribed a set of properties, including name, Ethereum public address, and the HTTP(S) location of a node.

Staking Bank

Staking Bank

In order to validate data, validators first must deposit tokens into what's called a staking bank. During consensus, the weight of each validator's vote is determined by the amount of tokens they have staked. Because Umbrella uses a Delegated Proof of Stake (DPOS) consensus algorithm, delegators can choose the validators who will cast votes on their behalf.

The Chain

The Chain

Once consensus is initiated, a validator leader (the leader is randomly computed based on the number of validators) first retrieves results from HTTP(S) requests and builds a block. The validator then presents the blocks to other validators, who double-check the block by independently executing the HTTP(S) requests and verifying the leader's results.

Token utility

Umbrella utilizes a Delegated Proof of Stake (DPOS) consensus mechanism that benefits from the active participation of the community and token holders.

Validation
Select the best Validator Nodes who participate in the consensus process of determining market data.
Governance
Participate in governance to vote on key decisions about how the network is being operated.
Staking
Validator nodes need UMB holders to stake their tokens with them so they can participate in the consensus rounds and earn rewards.
Rewards
UMB token holders that stake their tokens will be rewarded by Validator Nodes in the form of UMB tokens.