Umbrella Network is Live on BSC Mainnet
Umbrella Network announce that they are officially live on BSC Mainnet.
Looking back, #RoadToMainnet has been a buildup of hard work and effort by the team, along with tremendous support by community and ecosystem of partners.
While they are proud of the achievement, and the relatively fast progression to mainnet just 4 months after IDO in February, they recognize that this is just the tip of the iceberg.
The #RoadToMainnet is only just beginning, as they have many more goals and objectives they need to realize against roadmap (See Umbrella Network Roadmap here).
However, it is an important milestone to have oracles running in a live environment, accessible to the broader developer community. And this important inflection point will now allow them to start working with various partners to begin to integrate oracle feeds, as they move towards next major objective of gaining broader market adoption, and to have real world use cases as they grow ecosystem.
Any solution should always be evolving, so while they have gone live, this doesn’t mean they are done with work. There are many areas that they will be continually upgrading, including releasing new and improved feature sets, adding many more new data pairs, continuing to add more data sources to further increase price reliability, and making the shift towards a fully decentralized governance structure, just to name a few.
And as they move towards a multi-chain interoperable world, they will continue to integrate and support more blockchains and their ecosystems, as they look to grow user base of developers and applications that will rely on our oracles for low cost, secure, and highly scaled data.
What is Umbrella Network?
Umbrella Network is a scalable, cost-efficient, and community-owned oracle for the DeFi and blockchain community. Its Layer 2 technology uses the latest advances in Merkle tree technology to write multiple data points on a single on-chain transaction, so it allows for batching data to smart contracts accurately, securely, and inexpensively. Umbrella Network believes a community-owned oracle is not only possible but essential to creating a truly decentralized financial system.
đź“° INFO:
https://medium.com/umbrella-network/umbrella-network-is-live-on-bsc-mainnet-218225a89af5
