• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

DIA Launches 'Lumina' to Transform Oracle Architecture

user avatar

by Giorgi Kostiuk

2 years ago


  1. Why Lumina?
  2. Advanced Oracle Infrastructure
  3. Future Plans

  4. The oracle network DIA is set to transform the oracle architecture with the launch of 'Lumina'. The Rollup-based testnet will launch soon.

    Why Lumina?

    The blockchain oracles market is dominated by Chainlink and Pyth Network. However, Lumina aims to penetrate this market by addressing one of web3’s persistent issues – the need for decentralized and trustless data infrastructure. DIA claims Lumina brings this kind of advanced infrastructure to the oracles market.

    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

    Advanced Oracle Infrastructure

    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. 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, which includes a staking campaign for early adopters. The mainnet launch and live staking are scheduled for phase two, with the open mainnet launch set for phase three.

    Future Plans

    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.

    The launch of DIA's 'Lumina' represents a significant step in the development of decentralized and trustless oracles. The new infrastructure is expected to deliver substantial improvements in security and flexibility for users.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

South Korea's Digital Asset Act Faces Delays Amid Regulatory Disagreements

chest

The Digital Asset Act in South Korea faces delays due to disagreements between financial regulators, impacting stablecoin legislation.

user avatarAndrew Smith

Bitcoin Faces Critical Week After Losing Key Support Level

chest

Bitcoin's price has dropped below a crucial support level, raising concerns about its ability to regain upward momentum.

user avatarJacob Williams

US-Iran Conflict May Impact Bitcoin Market

chest

The ongoing US-Iran conflict could lead to further price dips in Bitcoin if tensions escalate.

user avatarZainab Kamara

Bitcoin and Solana May See Rebound This Month, Says Expert

chest

Market expert Alex Cardichi highlights potential catalysts for Bitcoin and Solana that could trigger a rebound rally this month.

user avatarSon Min-ho

Zcash Experiences Major Price Surge Amidst Bear Market

chest

Zcash has experienced a significant price increase of around 60% over the last 30 days, contrasting with the overall bearish trend in the crypto market.

user avatarAyman Ben Youssef

Kraken Delays IPO Plans Until 2027

chest

Kraken, the crypto exchange formerly known as Payward, has delayed its plans to go public in the US until at least 2027, following layoffs of approximately 150 employees and market pressures.

user avatarTando Nkube

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.