CandleFocus 5ireChain Collaborates with Umbrella Network to Bring Oracle to its DeFi Ecosystem
2024-12-15
Author: Content Editor
5ireChain, a layer 1 protocol, has formed a strategic partnership with Umbrella Network (UMB), a decentralized blockchain-based oracle service. UMB will serve as the exclusive oracle for the 5ireChain ecosystem, providing customizable price feeds to power applications running on the network. This collaboration aims to address global sustainability issues by bridging blockchain technology with real-world applications. Oracles are crucial in the blockchain space as they provide blockchains with verified, off-chain data, enabling them to interact with external information and respond to real-world events. This partnership marks an important step in connecting blockchain technology with real-world assets.
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