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! 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 Community Hub (@DIACommunityHub) September 11, 2024 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 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 — stacks.btc (@Stacks) September 11, 2024 Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet. FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted. The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.