Outside Source
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.
Why Lumina?
The blockchain oracles market is dominated by Chainlink (LINK) and Pyth Network (PYTH). But Lumina eyes penetration by addressing one of web3’s most persistent issues – the need for data infrastructure that’s decentralized and trustless.
DIA 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.
“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. 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 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.
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.
This article first appeared at crypto.news
