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Umbrella Network is a community owned, scalable and cost efficient oracle for the DeFi and blockchain community. Umbrella believes a community owned Oracle is not only possible, but essential to creating a truly decentralized financial system. In addition, Umbrella’s Layer 2 technology utilizes the latest advances in Merkle Tree technology to write multiple data points on a single on chain transaction. And thus, it allows for the secure, cheap and accurate batching of data to smart contracts. Umbrella will make it possible for the next generation of DeFi projects to have both current and accurate data without sacrificing security.
