2024

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<a href="https://bitcoinworld.co.in/dias-lumina-reimagines-oracles-with-a-rollup-based-trustless-design/" title="DIA’s ‘Lumina’ Reimagines Oracles with a Rollup-based, Trustless Design" rel="noopener noreferrer nofollow"></a>
Zug, Switzerland, September 11th, 2024 – DIA, the open oracle network has announced a fully reimagined oracle architecture with ‘Lumina’. Launching its testnet soon, Lumina is designed to address the persistent lack of truly decentralized and trustless data infrastructure for web3 and aspires to set new standards for oracles, while expanding the utility of its native token, $DIA.
Lumina is based on modular components, enabling the most advanced oracle capabilities from sourcing to verification, storage, processing and delivery. Notably, all of Lumina’s critical oracle operations are executed on DIA’s native L2 rollup ‘Lasernet’, an architecture decision that makes use of the recent advancements in Ethereum scaling technology.
The modular architecture approach rethinks trust assumptions at every stage of the value chain: Staking mechanics incentivise a distributed node network to source raw trade data from 100+ centralized and decentralized exchanges, securing their contributions to the system with the platform’s native token $DIA. Zero Knowledge components will enable verification of the raw data used and which computations are done. The storage of price data delivered by each node as well as the computation of a final price takes place on ‘Lasernet’, ensuring a transparent, immutable and scalable on-chain processing layer. Finally, a decentralized messaging protocol pushes the data to whichever chain it is needed on.
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<h4>Truly trustless oracles</h4>
DIA has already cemented its status as one of the most versatile and transparent cross-chain oracles. Integrated with more than 50 L1s and L2s and serving data to over 200 dApps, it specializes in the sourcing and delivery of customizable data feeds for both on-chain and off-chain information.&nbsp;
Zygis Marazas, DIA’s Head of Product says: “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.”
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<h4>A progressive path to full decentralization</h4>
DIA Lumina will be rolled out progressively, beginning with the launch of the Lasernet testnet and an early bird staking campaign. The second phase will see the launch of a closed Lasernet mainnet and live staking, followed by the third phase which will kick off the open mainnet that will enable broad participation in the network.&nbsp;
“The new design of our architecture is a paradigm shift for oracles and its users that addresses&nbsp; previously accepted shortcomings in the industry.“, Paul Claudius, one of DIA’s cofounders says. “We are more than excited to release the manifestation of our founding vision –&nbsp; truly decentralized and transparent oracles that will be easily integrated with our many existing partners.”
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<h4>About DIA</h4>
<a href="https://www.diadata.org/" target="_blank" rel="noopener noreferrer nofollow">DIA</a> is a trustless oracle network that delivers data feeds for any token, LST, RWA, random numbers and more to any blockchain. The network is permissionless, enabling nodes and stakers to participate in distributed data sourcing, secured by crypto-economic and cryptographic mechanisms. DIA’s native Ethereum L2 rollup, ‘Lasernet’, executes all critical oracle operations, ensuring trustless computation and full verifiability.

DIA’s ‘Lumina’ Reimagines Oracles with a Rollup-based, Trustless Design

ItsBitcoinWorld

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