DIA reveals ‘Lumina’ to interrupt trustless oracle networks Oluwapelumi Adejumo · 1 week ago · 2 minutes checked out
DIA mentioned that Lumina’s testnet would quickly be released.
2 minutes checked out
Upgraded: Sep. 11, 2024 at 4:07 pm UTC
Cover art/illustration through CryptoSlate. Image consists of combined material which might consist of AI-generated material.
Decentralized Information Asset (DIA), a trustless oracle network, has actually revealed its brand-new oracle architecture, “Lumina,” according to a Sept. 11 declaration shown CryptoSlate
Lumina
DIA co-founder Paul Claudius mentioned:
“The brand-new style of our architecture is a paradigm shift for oracles and its users that deals with formerly accepted imperfections in the market.”
According to journalism declaration, the job’s architecture is modular, permitting sophisticated oracle abilities throughout sourcing, confirmation, storage, processing, and information shipment.
Lumina’s considerable function is its dependence on DIA’s native layer-2 rollup, Lasernet, which incorporates improvements in Ethereum scaling innovation.
This architecture reevaluates trust at each phase of the worth chain. It consists of staking mechanics that incentivize a dispersed node network to collect information from over 100 centralized and decentralized exchanges. Nodes are rewarded with DIA tokens, protecting the system through their contributions.
Lumina likewise makes use of Zero Knowledge parts to validate the precision of the raw information and the calculations carried out. Information storage and rate calculations are done on Lasernet, making sure openness, immutability, and scalability in the on-chain processing layer.
Furthermore, a decentralized messaging procedure transfers the processed information to any needed blockchain.
Zygis Marazas, DIA’s Head of Product, stated:
“Lumina is the conclusion of 4 years of web3 facilities development cast into one item. It lays the structure for our vision of a genuinely decentralized and trustless oracle network that optimizes security and trust while maintaining the versatility to serve any usage case.”
Phased launch
Journalism declaration exposed that the launch of DIA Lumina will occur in stages.
In the very first phase, the network will rollout the Lasernet testnet and an early staking project to permit users to acquaint themselves with the brand-new option.
The 2nd stage will present a closed Lasernet mainnet and live staking. The 3rd stage will introduce the open mainnet, enabling wider involvement in the network.
DIA mentioned that the task’s testnet stage would start quickly.
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