DIA unveils ‘Lumina’ to disrupt trustless oracle networks Technology 1 day ago

Decentralized Information Asset (DIA), a trustless oracle network, has unveiled its new oracle architecture, “Lumina,” according to a Sept. 11 statement shared with CryptoSlate.DIA co-founder Paul Claudius stated:“The new design of our architecture is a paradigm shift for oracles and its users that addresses previously accepted shortcomings in the industry.”According to the press statement, the project’s architecture is modular, allowing advanced oracle capabilities across sourcing, verification, storage, processing, and data delivery.Meanwhile, Lumina’s significant feature is its reliance on DIA’s native layer-2 rollup, Lasernet, which integrates advancements in Ethereum scaling technology.This architecture reconsiders trust at each stage of the value chain. It includes staking mechanics that incentivize a distributed node network to gather data from over 100 centralized and decentralized exchanges. Nodes are rewarded with DIA tokens, securing the system through their contributions.Lumina also utilizes Zero Knowledge components to verify the accuracy of the raw data and the computations performed. Data storage and price computations are done on Lasernet, ensuring transparency, immutability, and scalability in the on-chain processing layer.Additionally, a decentralized messaging protocol transfers the processed data to any required blockchain.Zygis Marazas, DIA’s Head of Product, said:“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.”The press statement revealed that the launch of DIA Lumina will happen in phases.In the first stage, the network will rollout the Lasernet testnet and an early staking campaign to allow users to familiarize themselves with the new solution.The second phase will introduce a closed Lasernet mainnet and live staking. The third phase will launch the open mainnet, allowing broader participation in the network.DIA stated that the project’s testnet phase would begin soon.Oluwapelumi values Bitcoin’s potential. He imparts insights on a range of topics like DeFi, hacks, mining and culture, underlining transformative power.Also known as “Akiba,” Liam is a reporter, editor and podcast producer at CryptoSlate. He believes that decentralized technology has the potential to make widespread positive change. Get the latest crypto news and expert insights. Delivered to you daily.CryptoSlate’s latest market report dives deep into Bitcoin’s historical monthly and quarterly returns, focusing on the period between 2013 and 2024 to assess the likelihood of a similar pattern unfolding in 2024.Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.