Umbrella’s Approach To Solving The Problem Of Layer-1 Data Feeds

Here are some salient points to also note:

Nodes derive data from different APIs

The validator registry in Umbrella Network oversees the sidechain’s validators as a Smart Contract. Its functionalities are:

HTTP(S) node location

About Umbrella Network

Umbrella Network is a scalable, decentralized, and community-owned oracle that utilizes Layer 2 technology to integrate real-time data into smart contracts for accurate and timely reports. Umbrella Network brings the world’s data to blockchains to enable DeFi applications to perform at the optimum level regarding precise information dissemination.

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store