Introducing Umbrella's On-Chain Data Architecture.

22 May 2023, 15:24

⛓️Introducing Umbrella's On-Chain Data Architecture Umbrella’s new on chain data solution is a customizable, easy to integrate and deploy model. From now on projects can set custom deviation triggers, heartbeat and more, minimizing changes into their smart contracts. Let's explore how the magic happens ✨: 1⃣ Umbrella pulls data from trusted Data Providers and analyzes it to identify any deviations. 2⃣ When a data update is required,Umbrella's Validator Network springs into action. Validators runs consensus, verifying and validating the data. Through this collective effort,data is securely written on-chain to the Feeds Contract,establishing an immutable source of truth. 3⃣ Data can be read directly from the Umbrella Feeds smart contract or through the Umbrella Feeds Adapter. This plug-and-play solution simplifies integration, minimizing changes to your existing smart contracts. By leveraging the Feeds Adapter, you can effortlessly read data from Umbrella Oracles and enhance your project's capabilities 🚀 〰️ Whether you're looking for data on hard to find or custom crypto prices, sifting through volatility metrics, or managing TWAPs (Time-Weighted Average Prices), Umbrella provides the flexibility and reliability you seek 🤝 Read more in our tech documentation 🔽