Read

Chainlink

Pyth Network

Oracle network DIA, designed to offer data feeds for any token and real-world asset on any blockchain, is set to transform the oracle architecture with the launch of ‘Lumina’.
The testnet for the Rollup-based network will launch soon. Meanwhile, Lumina’s launch will also expand the utility of DIA’s native token, according to a press release sent to crypto.news on Sept. 11.
<h2 class="wp-block-heading" id="why-lumina">Why Lumina?</h2>
The blockchain oracles market is dominated by Chainlink (<a rel="noopener noreferrer nofollow" href="https://crypto.news/price/chainlink/">LINK</a>) and Pyth Network (<a rel="noopener noreferrer nofollow" href="https://crypto.news/price/pyth-network/">PYTH</a>). But Lumina eyes penetration by addressing one of web3’s most persistent issues – the need for data infrastructure that’s decentralized and trustless.
<a href="https://www.diadata.org/" target="_blank" rel="noopener noreferrer nofollow">DIA</a> claims Lumina brings this kind of advanced infrastructure to the oracles market.
Zygis Marazas, the head of product at DIA, noted that Lumina consolidates four years of innovation in the oracle space into one robust product.
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 “Lumina is the culmination of four years of web3 infrastructure innovation cast into one product. It lays the foundation for our vision of a truly decentralized and trustless oracle network that maximizes security and trust while retaining the flexibility to serve any use case.”
 Zygis Marazas, head of product at DIA.
</blockquote>
Read more: <a rel="noopener noreferrer nofollow" href="https://crypto.news/sony-launches-soneium-blockchain-as-it-pushes-for-mainstream-web3-adoption/"> Sony launches Soneium blockchain as it pushes for mainstream web3 adoption </a>
<h2 class="wp-block-heading" id="advanced-oracle-infrastructure">Advanced oracle infrastructure</h2>
Lumina’s design utilizes a modular architecture, enabling it to offer advanced oracle capabilities. This extends across its data sourcing, verification, storage, and delivery of data feeds. Notably, the network’s oracle operations run on Lasernet, the native layer 2 rollup of DIA.
In its first rollout, Lumina will go live on the Lasernet testnet. This first phase also includes a <a rel="noopener noreferrer nofollow" href="https://crypto.news/best-crypto-staking-platforms/">staking</a> campaign for early adopters. The mainnet launch and live staking are scheduled for phase two, with the open mainnet launch set for phase three.
As DIA prepares for Lumina, it aims to enhance its growth potential through key integrations. The platform currently boasts more than 50 layer 1 and 2 integrations, while its cross-chain oracle ecosystem provides data feeds for over 200 decentralized applications.
You might also like: <a rel="noopener noreferrer nofollow" href="https://crypto.news/pyth-network-launches-express-relay-to-address-problem-of-mev/"> Pyth Network launches “Express Relay” to address problem of MEV </a>

DIA reimagines oracles architecture with Rollup-based ‘Lumina’

Table of Contents

crypto.news

Other articles published on Sep 11, 2024

Sony Bank Teams Up with Soneium to Launch Yen-Backed Stablecoin by 2025

Fractal Bitcoin Captures 240 EH/s in 24 Hours

Key Ripple Metric Bullish; Is an XRP Price Surge Imminent?

Indonesian crypto exchange Indodax goes offline after suspected $22M hack

Crypto Exchange Loses $22 Million in New Hack

Expert Opinion: Give a Wise Man $1,500 and He Will Return With 3,000 XRP

Join our free newsletter for daily crypto updates!