Umbrella Network (UMB) is a community-owned decentralized oracle for DeFi applications. DeFi is the term used for peer-to-peer financial services on a public blockchain. The platform aims at securely bringing all the available data across the globe on-chain. Using the Umbrella platform, traders and developers can access the revolutionary financial unavailable data in the crypto space. 

The platform seeks to provide data solutions to exhibit high volume scalability and helps to provide diversified data. Umbrella network nodes are built on Layer 2 Merkle Trees to improve scalability and maintain data security. Merkle trees are a nonlinear binary hash tree-like data structure that helps verify data information without accessing the whole data set. In addition, Merkle Trees technology allows the Umbrella platform to aggregate thousands of transactions.

UMB is the native token for Umbrella Network. The UMB token is deployed on Ethereum and Binance Smart Chain (BSC) mainnet. Ethereum is a platform that can run a variety of applications. BSC is a decentralized blockchain network that enables the creation of and staking mechanisms. Mainnet is an independent blockchain running on its technology and protocol. UMB is compatible with ERC-20. ERC-20 defines how the tokens are transferred between the traders and how traders can access data.

According to the UMB litepaper, Umbrella Network aims to provide multiple beneficial activities to select validators’ nodes, governance activities, and decisions about ways of network operations. Besides this, the token delegated a proof-of-stake mechanism that helps the holders to achieve user fees. Moreover, the platform seeks to provide proper security to decentralize financial applications in lower-cost amounts. 

The litepaper of Umbrella Network was published on January 27, 2021. A team of twenty-two members launched Umbrella Network. Sam Kim, the senior adviser; John Chen, the president; and Migull Morales, the technical adviser, led the team.

Actualizamos nuestro Umbrella Network a EUR en tiempo real. Obtén el precio de Umbrella Network actual en Coinbase.

La capitalización de mercado actual de Umbrella Network es de21,584 mil €. Una capitalización de mercado alta implica que el activo está muy valorado dentro del mercado.

El máximo histórico de Umbrella Network es 2,19 €. Este valor representa el precio más alto pagado por Umbrella Network desde su lanzamiento.

Durante las últimas 24 horas, el volumen de negociación de Umbrella Network ha sido de 2,866 €.

Entre los activos que tienen una capitalización de mercado similar a Umbrella Network se encuentran Albemarle Tokenized Stock (Ondo), AbbVie Tokenized Stock (Ondo), Spike y muchos otros. Para ver una lista completa, consulta nuestros activos con capitalización de mercado comparable.

Actualmente, Umbrella Network cuenta con un suministro en circulación de 293 millones.