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Home NEWS NEWS BITCOIN Huobi Global cooperates with Umbrella Network, acting as a node ...

Huobi Global cooperates with the Umbrella Network, acting as the authentication node

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Huobi Global cooperates with the Umbrella Network, acting as the authentication node

 

Huobi will play an important validation role on the Umbrella Network, providing quality feeds ...

Umbrella Network, a decentralized oracle solution that facilitates the flow of pricing data for DeFi and other decentralized applications, has announced a partnership with the world's second largest cryptocurrency exchange. , Huobi Group.

Specifically, Huobi will act as the above authentication node testnet Umbrella Network's recently launched publicity, playing a key administrative role before the platform launches mainnet.

This cooperation follows IDO Umbrella Network's recent launch, which was one of the most successful in Polkastarter history, just before the company launched a public testnet.

The partnership with Huobi will enable Umbrella Network to provide up-to-date, fast and inexpensive feeds for the growing number of system-based applications.

“We are extremely excited to welcome Huobi as the primary validator on Umbrella Network, which will help significantly expand our network and help us deliver essential data for non-applications. The focus we support, ”said Sam Kim, co-founder of Umbrella Network.

"As we move towards the launch of our mainnet, the influence of Huobi will be crucial in building the robust data infrastructure required by markets around the world," said Kim.

Furthermore, the integration with Umbrella will help Huobi use the data source more accurately and save money.

Before Umbrella, Huobi also partnered with HashQuark and InfStones.

In a statement, Zero Zhu, Chief Commercial Officer of Huobi Pool said:

“We truly believe in the quality of the services Umbrella provides, and we are proud to join their network as an authenticator. As Umbrella continues to establish itself among oracle solutions, we are excited to join this partnership and look forward to what the future will be like. ”

Umbrella provides a novel, very essential solution that is particularly beneficial to the DeFi ecosystem. KThe unique architecture of the Umbrella Network represents a huge step forward in the oracle space. The use of Merkle Tree technology enables the batch processing of thousands of transactions while ensuring data integrity, solving long-term issues of cost, scalability, and security.


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