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Umbrella Network Stock

Umbrella Network

UMB

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Umbrella Network Whitepaper

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Börse Marktpaar Preis +2% Tiefe -2% Tiefe Volumen (24H) Volumen % Typ Liquiditätsbewertung Aktualität
GateUMB/USDT083.01215.2287,752.010cex947/9/2025, 6:23 AM
MEXCUMB/USDT067.1816.8675,514.60cex777/9/2025, 6:18 AM
AscendEXUMB/USDT00019.470cex17/3/2025, 3:15 PM
Gate.ioUMB/ETH0.010000cex14/8/2025, 6:32 AM
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Umbrella Network FAQ

What is Umbrella Network (UMB)?

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 comprehensive suite of solutions, whether it involves 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 you require when you need it. Umbrella Network is a decentralized, community-owned project managed by a DAO community council and a core team, who together are responsible for the direction and execution of the project's goals.

**What Distinguishes Umbrella Network?**

Umbrella Network distinguishes itself through its combination of decentralization, scalability, low latency data delivery, and the capability to provide customizable data feeds. Customizable Data Feeds: Umbrella Network offers a distinct advantage by enabling projects to customize their data feeds. Users can determine the type and frequency of price feeds they need, and Umbrella Network's infrastructure is built to accommodate these specific requirements. This flexibility allows projects to tailor data feeds to their exact specifications. 1. Data at Scale: Umbrella Network employs a data rollup solution using Merkle tree technology, which enables the delivery of large amounts of data at exceptionally low costs. This scalability ensures that the network can efficiently handle large-scale data requests, making it suitable for a wide array of applications. 2. Low Latency Data on Demand: A standout feature of Umbrella Network is its capability to provide data on demand with low latency. This ensures that users can access real-time or near-real-time data quickly, allowing applications requiring such data to operate effectively. 3. Community-Run Validator Network: In contrast to many other oracles, Umbrella Network utilizes a decentralized validator network managed by both professional and community node operators. This community-driven approach enhances trust and security within the network, reducing the risk of centralization. These features make Umbrella Network a versatile and reliable solution for various dapps and projects requiring accurate and custom data.

### How is the Umbrella Network Secured? The Umbrella Network employs multiple mechanisms to ensure the security and integrity of its network. It integrates decentralized oracles that rely on smart contracts to provide accurate and tamper-proof data to blockchain applications. By leveraging a distributed node structure, it reduces the risk of any single point of failure or attack. Additionally, Umbrella Network uses a consensus mechanism that enhances data reliability and trustworthiness. For further information and detailed metrics about the Umbrella Network, you can consult Eulerpool.

Umbrella Network operates on its own sidechain and is currently integrated into various blockchain ecosystems, including Ethereum, BNB Chain, Polygon, Arbitrum, Avalanche, Base, Linea, and Solana. The oracles of Umbrella Network are secured by a decentralized network of community validators. These validators collect data from multiple sources and engage in consensus rounds to ensure that the data is thoroughly verified and accurate before it is recorded on the blockchain.

Where Can Umbrella Network (UMB) Be Purchased?

The UMB token from Umbrella Network is available on these decentralized exchanges: - Uniswap: https://uniswap.org/ - PancakeSwap: https://pancakeswap.finance/ Additional exchanges where UMB trading is supported include: - Gate.io - AscendEX - MXC.COM Please be aware that, like any other investment, investing in cryptocurrencies involves risk. For more information about purchasing cryptocurrencies, refer to Eulerpool.

Investors interested in Umbrella Network are also interested in these Cryptos

This list presents a carefully selected selection of Cryptos that might be of interest to investors. We have our own crypto analyses for all listed Cryptos on Eulerpool.

Beginnings and the Rise of Cryptocurrencies

The history of cryptocurrencies began in 2008 when an individual or group using the pseudonym Satoshi Nakamoto published the whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System." This document laid the foundation for the first cryptocurrency, Bitcoin. Bitcoin utilized a decentralized technology known as blockchain to enable transactions without the need for a central authority.

In January 2009, the Bitcoin network commenced with the mining of the Genesis Block. Initially, Bitcoin was more of an experimental project for a small group of enthusiasts. The first known commercial purchase using Bitcoins occurred in 2010, when someone spent 10,000 Bitcoins on two pizzas. At that time, the value of one Bitcoin was just fractions of a cent.

The development of other cryptocurrencies

Following the success of Bitcoin, other cryptocurrencies soon emerged. These new digital currencies, often referred to as "Altcoins," sought to use and improve blockchain technology in various ways. Some of the most well-known early Altcoins include Litecoin (LTC), Ripple (XRP), and Ethereum (ETH). Ethereum, founded by Vitalik Buterin, was particularly distinct from Bitcoin, as it enabled the creation of smart contracts and decentralized applications (DApps).

Market Growth and Volatility

The cryptocurrency market grew rapidly, and with it public attention. The value of Bitcoin and other cryptocurrencies experienced extreme fluctuations. Highlights such as the end of 2017, when the Bitcoin price nearly reached 20,000 US dollars, alternated with sharp market crashes. This volatility attracted both investors and speculators.

Regulatory Challenges and Acceptance

As the popularity of cryptocurrencies rose, governments around the world began to grapple with the regulation of this new asset class. Some countries adopted a friendly stance and encouraged the development of crypto technologies, while others introduced strict regulations or outright banned cryptocurrencies. Despite these challenges, the acceptance of cryptocurrencies in the mainstream has steadily increased, with companies and financial institutions starting to adopt them.

Recent Developments and the Future

In recent years, developments such as DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) have broadened the range of possibilities offered by blockchain technology. DeFi enables complex financial transactions without traditional financial institutions, while NFTs allow for the tokenization of artwork and other unique items.

The future of cryptocurrencies remains exciting and uncertain. Questions about scalability, regulation, and market penetration remain open. Nevertheless, interest in cryptocurrencies and the underlying blockchain technology is stronger than ever, and their role in the global economy is expected to continue growing.

Advantages of Investing in Cryptocurrencies

1. High Return Potential

Cryptocurrencies are known for their high potential returns. Investors who got in early on projects like Bitcoin or Ethereum have made substantial gains. This high return makes cryptocurrencies an attractive investment opportunity for risk-seeking investors.

2. Independence from Traditional Financial Systems

Cryptocurrencies offer an alternative to the traditional financial system. They are not bound to the policies of a central bank, making them an attractive hedge against inflation and economic instability.

3. Innovation and Technological Development

Investing in cryptocurrencies also means investing in new technologies. Blockchain, the technology behind many cryptocurrencies, has the potential to revolutionize numerous industries, from financial services to supply chain management.

4. Liquidity

Cryptocurrency markets operate around the clock, which means high liquidity. Investors can buy and sell their assets at any time, which is a clear advantage compared to traditional markets that are tied to opening hours.

Disadvantages of Investing in Cryptocurrencies

1. High Volatility

Cryptocurrencies are known for their extreme volatility. The value of cryptocurrencies can rise or fall quickly and unpredictably, posing a high risk to investors.

2. Regulatory Uncertainty

The regulatory landscape for cryptocurrencies is still emerging and varies greatly from country to country. This uncertainty can lead to risks, especially when new laws and regulations are introduced.

3. Security Risks

While blockchain technology is considered very secure, there are risks associated with the storage and exchange of cryptocurrencies. Hacks and fraud are not uncommon in the crypto world, which requires additional precautions.

4. Lack of Understanding and Acceptance

Many people do not fully understand cryptocurrencies and the underlying technology. This lack of understanding can lead to misguided investments. Additionally, the acceptance of cryptocurrencies as a means of payment is still limited.