TL;DR
- DIA launched its new architecture “Lumina”, focused on decentralization and trustless execution.
- Strategic alliance with Stacks strengthens DeFi applications on Bitcoin’s Layer 2.
- DIA seeks to improve data integrity and expand the use of the $DIA token in Web3.
DIA, the decentralized oracle network, has unveiled its new “Lumina” architecture, designed to offer greater flexibility, autonomy and security to Web3 developers.
This launch marks an important step in DIA’s evolution towards a fully decentralized infrastructure, maximizing trust and data quality without relying on external services.
The one that was promised is finally here!
🥇 First-of-its-kind Oracle Technology
🌐 Decentralized Node Network
🪙 New $DIA Token UtilityThe first rollup-enabled oracle is live.
All hail DIA Lumina! 🙇♀️ https://t.co/OwGmrA89N1
— DIA Community Hub (@DIACommunityHub) September 11, 2024
One of the highlights of Lumina is its use of “Lasernet,” a layer 2 rollup on Ethereum that enables critical operations such as data storage, verification, and computation.
Furthermore, the architecture incentivizes participation through staking, which reinforces decentralization in data collection.
Lumina technology also integrates zero-knowledge proofs for off-chain data verification and cross-chain messaging, facilitating the delivery of data to different ecosystems.
This innovation promises to significantly improve the quality and reliability of data for decentralized applications, a key element in the world of decentralized finance (DeFi).
Furthermore, this new system increases the utility of the native $DIA token, which can now be leveraged to power these decentralized processes, providing more reasons for its use in Web3 projects.
DIA alliance with Stacks
Alongside the launch of Lumina, DIA announced a strategic collaboration with the Stacks ecosystem, Bitcoin’s layer 2 that enables the creation of decentralized applications.
This partnership makes DIA a critical oracle provider for Stacks, offering price oracles that will enable developers to build robust and reliable DeFi applications.
Thanks to this integration, applications on Stacks will have access to real-time price feeds, allowing the inclusion of native Stacks assets on platforms such as lending and stablecoins.
This development not only strengthens the Stacks ecosystem but also positions DIA as a key player in providing high-quality and reliable data for the Bitcoin DeFi sector.
DIA’s ability to deliver accurate, real-time data is crucial for the development of decentralized financial applications that rely on the quality of oracles.
The partnership between DIA and Stacks shows how collaboration between different projects in the blockchain space can lead to significant advancements in oracle technology and its real-world application.
With the launch of Lumina and its partnership with Stacks, DIA reinforces its position as one of the leading players in the field of decentralized oracles, driving both the technology and the DeFi ecosystem forward on Bitcoin and beyond.
