Umbrella Network Arrives In Ethereum; Can Facilitate Transactions To and From Binance Smart Chain


As announced earlier today, October 1, 2021, decentralized oracle provider Umbrella Network officially arrived on the Ethereum blockchain, laying the groundwork for possible transaction exchanges between the leading smart contract destination and Binance Smart Chain (BSC).

To be specific, Umbrella Network’s cross-chain bridge feature connects the rivaling blockchains, thus, enabling token transfers between the two, which otherwise be improbable without it. On top of that, Umbrella Network’s cross-chain bridge also allows users to farm and subsequently stake crypto holdings on both blockchains.

While a precise time frame is yet to be announced, Umbrella Network has previously announced its intentions to expand its cross-chain integration down the line to include other blockchains, such as Avalanche, Solana, Cardano, and Polygon.

According to Umbrella Network, what separates them from the now-many oracle services out today that claim to be the best is their observably much affordable and straightforward price feeds.

The oracle provider aims to allot over 1,200 data pairs on Ethereum that openly enables users to incorporate data from crypto derivatives, spot cryptocurrencies, and conventional financial markets in its early stages.


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