Umbrella Network (UMB) is an ERC20 token for creating a community-owned oracle of DeFi and blockchains.

Umbrella Network (UMB) news

Umbrella Network

John Chen

CZ 🔶 Binance

RT @j0hnchen: Lot of discussion around the need for proof of reserves given recent events/concerns around CEX's. @cz_binance is proposing u…

Lot of discussion around the need for proof of reserves given recent events/concerns around CEX's. @cz_binance is proposing using merkle-tree based POR.  @UmbNetwork is already a merkle-based oracle &amp; we will be making it available to exchanges for POR. https://t.co/57aD4hOm7k

@VitalikButerin @UmbNetwork is a merkle tree based oracle and we'd would love make it available for proof of reserves. https://t.co/sIZdtjfBZD

Twitter

RT @j0hnchen: Lot of discussion around the need for proof of reserves given recent events/concerns around CEX's.

Sam Kim

vitalik.eth

RT @samislucid: @VitalikButerin @UmbNetwork is a merkle tree based oracle and we'd would love make it available for proof of reserves.

Binance

All crypto exchanges should do merkle-tree proof-of-reserves. 

Banks run on fractional reserves. 
Crypto exchanges should not.

@Binance will start to do proof-of-reserves soon. Full transparency.

RT @samislucid: @VitalikButerin @UmbNetwork is a merkle tree based oracle and we'd would love make it available for proof of res

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