We are extremely excited to announce this strategic partnership with Umbrella, a scalable, community owned Oracle platform that can securely bring the world’s data on chain.
By helping more global users on Umbrella Network access the data, Apron will provide a full set of RPC service to help their users easily access Umbrella Network. Also we are happy to have Umbrella Network bring their decentralized Oracle service Umbrella Network into Apron marketplace as an infrastructure service provider. As Umbrella is now quickly becoming a market leading Oracle that can be provided developers with a diverse set of access data in the Crypto world.
Additionally, as a fellow Polkadot-based project, Apron Network’s partnership with the Umbrella Network is a further step forward for the Polkadot ecosystem as like-minded projects collaborate and continue digging into decentralized Oracle tech!
Through our solution, dApp devs on Apron Network can solve the problems like processing only one piece of data per transaction, the high fees and high fees put users off. Umbrella Network is one of the first truly decentralized oracles for the DeFi market. It is a community-owned Layer-2 data oracle service, providing secure and massively scalable data solutions to the DeFi ecosystem, at the lowest cost possible and helping users access a wider variety of data across multiple segments. This data includes major key pairs, middle and long tail crypto assets, as well as real-world financial data. Umbrella uses Delegated Proof of Stake (DPoS) to accurately validate data by economically incentivizing the participants.
Umbrella Network solves the scalability issues in oracles today by utilizing Merkle trees for batching transactions. Merkle trees are used to aggregate the data, allowing multiple transactions to bundle up into a single transaction, and for a single fee. Hence, the time and cost required to bring real-world data on-chain are significantly reduced, allowing Umbrella to be the lowest cost oracle solution with the largest data set available in the market.
Apron’s development suite provides instant, scalable API access to various blockchain networks, enabling more secure, stable, and rich functionality. Apron’s service is designed so that developers can use all the API services that they integrate to boost their development. Apron frees developers from the need to worry about the underlying infrastructure, allowing them to focus on their own applications.
“We are extremely excited to join hands with Apron Network as one of our strategic partners,” shared Umbrella Network Partner, Sam Kim. “This partnership creates a great opportunity for both Umbrella and Apron Network to showcase the potential for DeFi as more diversified financial data comes to the industry via decentralized oracles. We look forward to providing diverse and secure real-time data to the Apron ecosystem.”
“Apron Network is pumped to work with Umbrella Network as they help us move towards decentralized oracle services and solve the challenges of the growing DeFi space together,” said Philex Zhang, CEO of Apron Network. “We look forward to being able to secure important real-world data that will help the Apron community and DApp developers utilize and perform more efficiently and productively. ”
About 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, allowing for the batching of data to smart contracts accurately, securely, and inexpensively. Umbrella believes a community-owned oracle is not only possible but essential to creating a truly decentralized financial system.
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About Apron Network
Apron Network is a decentralized infrastructure service provider based on the Polkadot ecosystem. Apron connects infrastructure service providers to DApp developers with a decentralized service market and provides services for DApp and DeFi developers to help their efficient development and rapid generation of API service interfaces. It uses decentralized billing and payment systems to bring decentralized and anonymous payments to users. Apron Network is implemented based on the substrate framework and can become a para-chain of Kusama. It will provide node services, on-chain data indexing service, quotation service, and other infrastructure services for the Kusama and Polkadot ecosystems.
Apron Network will connect to multiple public chains such as Ethereum, BSC, Filecoin, Helium, including Layer 2, providing developers with low-cost various blockchain ecological infrastructure services in the forthcoming future.
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