DIA announces the launch of Lumina and a partnership with Stacks
- DIA launched Lumina, a new architecture that maximizes decentralization and trustless execution.
- DIA’s version 2 architecture is designed to provide maximum flexibility, autonomy, and security for the latest Web3 builders.
- DIA announces strategic partnership with Stacks ecosystem to bolster DeFi applications on Bitcoin’s Layer-2.
Decentralized Information Asset (DIA), a trustless Oracle network, unveiled its new Oracle architecture, “Lumina,” on Thursday. This version 2 DIA is designed to serve the latest Web3 builders with maximum flexibility, autonomy, and security. In addition, it struck a strategic agreement with the Stacks ecosystem to support Decentralized Finance (DeFi) apps on Bitcoin’s Layer 2.
DIA launches its latest version ‘Lumina’
DIA introduced Lumina, its latest architecture, on Thursday. This architecture aims to maximize decentralization and trustless execution while enhancing the utility of the native DIA token.
DIA Lumina uses Lasernet, an Ethereum layer-2 rollup, to settle critical data operations such as storage, computation, and verification. Lumina also employs staking incentives to drive decentralized data sourcing, utilize zero-knowledge for off-chain data verification, and cross-chain messaging to deliver Oracle data to any ecosystem. This innovation eliminates the need for third-party services, ensuring data quality and reliability, which is critical for decentralized applications.
The one that was promised is finally here!
— DIA Community Hub (@DIACommunityHub) September 11, 2024
First-of-its-kind Oracle Technology
Decentralized Node Network
New $DIA Token Utility
The first rollup-enabled oracle is live.
All hail DIA Lumina! ♀️ https://t.co/OwGmrA89N1
DIA announces strategic partnership with Stacks
On Thursday, DIA announced a strategic alliance with the Stacks ecosystem. DIA will be a strategic oracle provider for the major Bitcoin Layer-2, providing pricing oracles that allow developers to create strong, oracle-dependent DeFi applications for free.
“The integration of DIA’s oracles into the Stacks blockchain marks a key development for the Stacks ecosystem. With DIA oracles live, Stacks developers will have access to reliable, real-time price feeds for a wide range of Stack-native assets. These price oracles enable DeFi protocols, such as lending platforms, and stablecoins to integrate these assets into their applications and offer further utility and use cases.”, said DIA in its blog post.
The combination of technology improvements, strategic collaborations, and a focus on improving data integrity positions DIA as a potential project in the crypto and DeFi space.
Just in: Trustless oracle network DIA @DIAdata_org has committed to integrating its powerful oracle suite with the Stacks ecosystem
— stacks.btc (@Stacks) September 11, 2024
DIA specializes in sourcing & providing custom market data feeds for any asset.
A new data feed service for STX and SIP10 tokens. More. 1/2 pic.twitter.com/NbwefLev8a
Author
Manish Chhetri
FXStreet
Manish Chhetri is a crypto specialist with over four years of experience in the cryptocurrency industry.
