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.
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.
Discover how our platform enables a truly decentralized oracle, invulnerable to influence, manipulation, or attack.
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.
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.
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.
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.
Umbrella utilizes a Delegated Proof of Stake (DPOS) consensus mechanism that benefits from the active participation of the community and token holders.