DIA reimagines oracles architecture with Rollup-based ‘Lumina’

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As a seasoned analyst with a decade of experience in the blockchain industry, I find the upcoming launch of Oracle network DIA’s Lumina highly intriguing. With a background steeped in understanding the complexities and nuances of decentralized infrastructure, it’s clear that Lumina is poised to disrupt the current oracle market dominated by Chainlink (LINK) and Pyth Network (PYTH).

The Oracle Network Data Integration Architecture (DIA), which provides data streams for any cryptocurrency and real-world asset across various blockchains, is poised to revolutionize the oracle structure with the debut of ‘Lumina’.

In the near future, we’ll see the launch of the test network for a Rollup-based system. Simultaneously, the debut of Lumina is expected to enhance the usefulness of DIA’s native token, as suggested in a press release sent to Crypto News on September 11.

Why Lumina?

providing a trustless and decentralized data infrastructure that’s essential for this sector.

DIA claims Lumina brings this kind of advanced infrastructure to the oracles market.

Zygis Marazas, who leads the product team at DIA, highlighted that Lumina encapsulates four years’ worth of advancements in the oracle sector into a single, powerful solution.

Lumina represents four years worth of advancements in web3 infrastructure, all brought together as a single tool. It serves as the base for our aspiration of creating a fully decentralized and untrusted oracle network that emphasizes security, trust, and adaptability to cater to any possible application.

Zygis Marazas, head of product at DIA.

Advanced oracle infrastructure

As a crypto investor, I find it fascinating that Lumina’s architecture is modular, allowing for top-tier oracle functionalities. This versatility spans from data gathering, verification, storage, and distribution of data streams. What truly stands out is that the network’s oracle functions operate on Lasernet, the second layer rollup solution by DIA.

Initially, Lumina is planned to become operational on the Lasernet testing network during its initial release. This initial stage will also feature a staking initiative aimed at early supporters. The main network activation and live staking are scheduled for phase two, with the public mainnet launch slated for phase three.

In getting ready for the launch of Lumina, DIA is working to expand its growth prospects by implementing crucial connections. The platform already has more than 50 integrations across layer 1 and 2 networks, while its cross-chain oracle system offers data to over 200 decentralized applications.

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2024-09-11 18:12