Launched in early 2021, Umbrella Network, is a decentralized, community owned oracle service that provides blockchain projects with secure, scalable, and customizable data solutions.
Umbrella offers projects a broad suite of solutions, whether it is high frequency pricing updates, delivering large volumes of data at scale, or providing tailored price feeds for specific needs.
Secured by a network of decentralized community validators, Umbrella can provide any data that you need when you need it.
Umbrella Network is a decentralized, community owned project run by a DAO community council and core team who together are responsible for the direction and execution of the project’s goals.
## What Makes Umbrella Network Unique?
Umbrella Network's uniqueness lies in its combination of decentralization, scalability, low latency data delivery, and the ability to provide customizable data feeds.
Customizable Data Feeds: Umbrella Network offers a unique proposition by allowing projects to customize their data feeds. Projects can decide the type and frequency of price feeds they require, and Umbrella Network's infrastructure is designed to accommodate these specific needs. This flexibility empowers projects to tailor data feeds to their precise requirements.
1. Data at Scale: Umbrella Network employs a data rollup solution utilizing Merkle tree technology that allows it to deliver massive amounts of data at exceptionally low costs. This scalability ensures that the network can handle large-scale data requests efficiently, making it suitable for a wide range of applications.
2. Low Latency Data on Demand: One of Umbrella Network's standout features is its ability to provide data on demand with low latency. This means that users can access real-time or near-real-time data swiftly and on demand, enabling applications with these requirements to perform effectively..
3. Community-Run Validator Network: Unlike many other oracles, Umbrella Network relies on a decentralized validator network that is operated and maintained by both professional and community node operators. This community-driven approach enhances trust and security in the network, making it resilient to centralization risks.
These features make it a versatile and reliable solution for various dapps and projects in need of accurate and custom data.
How to Buy UMB on an Exchange
Step 1: Choose a Reputable Exchange Platform
Select a trusted platform from among many available options for purchasing UMB. Some reputable platforms include HTX、Bybit、Bitget, and others.
Step 2: Register an Account
Here, we'll register an account on theBybit(registration link) trading platform. You may need to provide personal information such as phone number and email to complete the registration process.
Step 3: Complete Identity Verification
For security purposes, some platforms may require you to complete identity verification. Follow the platform's instructions to provide necessary identity information (such as country/ID number) and undergo facial recognition. Once your identity is confirmed, you'll receive notification.
Step 4: Link Bank or Payment Method
Link your bank account or other payment methods to the exchange platform for making payments when purchasing UMB.
Step 5: Purchase UMB
Find the option to buy coins on the exchange platform, choose the C2C coin purchase process, and then input the quantity of UMB you wish to purchase. Typically, you'll choose to buy USDT first and select your preferred payment method. Simply place the order, make the payment to the seller, and you'll receive the cryptocurrency. Once payment is complete, you can use your exchange assets to buy UMB.
Step 6: Store Your UMB
After purchasing, you can choose to store your UMB in the digital wallet provided by the exchange platform or transfer it to a hardware wallet under your control.
Step 7: Security Reminder
To protect your exchange account and UMB assets, be sure to use a strong password and enable two-factor authentication.
UMB Price:Launched in early 2021, Umbrella Network, is a decentralized, community owned oracle service that provides blockchain projects with secure, scalable, and customizable data solutions.The price fluctuates daily, You can go to the exchange: Bybit to check the price.
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