Kryptopriser -Umbrella Network
umb
Umbrella Network
NOK 0.00057
24h: -0.29%7d: -5.68%30d: -33.14%1y: -97.07%
NOK 0.00057
Umbrella Network (UMB) is the native utility token of the Umbrella Network, a decentralized oracle solution. It operates as an ERC-20 token on the Ethereum blockchain.
Umbrella Network aims to provide secure, scalable, and cost-effective data feeds for various blockchain applications. It utilizes a Layer 2 solution to aggregate and validate data off-chain before submitting it to the mainnet.
UMB token holders play a role in the governance of the Umbrella Network. They can participate in decision-making processes, such as voting on proposals and network upgrades, contributing to the decentralized nature of the project.