Umbrella Network indicators a partnership with ChainWars

The signing of Umbrella Network with ChainWars continues its path in the direction of widespread adoption in the cryptocurrency and NFT sectors.

ChainWars is a CCG trading card game with P2E (Play2Earn) performance and cross-blockchain merchandise, to deliver a new technique to bettering the decentralized gaming expertise for consumers. The undertaking primarily focuses on producing utilities for CWE tokens. They are utilized to pay out for industry transactions this kind of as the order of Lootbox and other merchandise. CWE / USD selling price information will be presented by Umbrella Network’s decentralized oracle as Level two information.

The CWE / USD trading pair can be queried by any dApp good contract to retrieve the two present and historical selling price information, in its truest type, obtained from several trusted sources trusted and committed to the blockchain by the Umbrella Network neighborhood validators.

Umbrella Network presently presents in excess of three,500 Tier two information pairs, covering a wide variety of tiny and mid-cap cryptocurrencies that are generally extra vulnerable to selling price attacks and usually ignored by other oracles.

Umbrella Network solves this issue by way of its modern Merkle Tree architecture which will allow for batch processing of information, fundamentally engaging 1000’s of information factors on the blockchain as a transaction. This produces big expense cost savings that lead to higher gains this kind of as offering help for extra information pairs, producing information accessible at a decrease expense to dApps, updating information factors extra usually, and so forth.

It is for the reason that of these gains that ChainWars sees Umbrella Network as the ideal companion for their target of reducing the selling price of NFT mints. Because layer two information can be of any sort or form, ChainWars-based mostly merchandise and P2E mechanisms will obtain a big benefit in excess of rivals who even now use centralized servers or oracles to meet their information or mechanism requires.

ChainWars will also use Umbrella Network’s Random Number Generator (uRNG), a random amount generation and allocation (RAND) services for tamper-evidence good contracts.

John Chen, President of Umbrella Network mentioned:

“We are pretty proud to companion with ChainWars and include their CWE / USD selling price feed and begin functioning on extra P2E game tasks as the discipline continues to expand exponentially. We will carry on to help this industry section and will quickly include extra personalized information options to tasks in this location. “

Information on Umbrella Network

Umbrella Network is a neighborhood-owned Oracle platform with versatile and expense-productive scaling for DeFi and the blockchain neighborhood. Umbrella’s Layer two technologies is applying the newest innovations on the Merkle Tree platform to record several information factors on the similar on-chain transaction That’s why it allows the safe, expense-productive, and precise distribution of information to good contracts. Umbrella believes that producing an Oracle neighborhood undertaking is not only possible, but also necessary to generate a genuinely decentralized economic program.

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