In the near future, DIA announced that Lumina’s testnet would be operational.
The new oracle architecture, “Lumina,” has been unveiled by Decentralized Information Asset (DIA), a trustless oracle network, according to a statement shared with CryptoSlate on September 11.
Paul Claudius, the co-founder of DIA, stated: “The new architecture design is a paradigm shift for oracles and its customers that addresses the previously acknowledged deficiencies in the industry.”
The press statement indicates that the project’s architecture is modular, which enables the implementation of sophisticated oracle capabilities in the areas of sourcing, verification, storage, processing, and data delivery.
In the interim, Lumina’s most noteworthy attribute is its dependence on DIA’s native layer-2 rollup, Lasernet, which incorporates Ethereum scalability technology advancements.
This architecture reevaluates trust at each juncture of the value chain. It incorporates staking mechanics that motivate a distributed node network to collect data from more than 100 centralized and decentralized exchanges. The system is safeguarded by the contributions of nodes, who are compensated with DIA tokens.
To ensure the precision of the original data and the computations, Lumina also employs Zero Knowledge components. Lasernet is utilized for data storage and price computations, which guarantees transparency, immutability, and scalability in the on-chain processing layer.
A decentralized messaging protocol also facilitates the transfer of the processed data to any necessary blockchain.
Zygis Marazas, the Head of Product at DIA, stated, “Lumina represents the culmination of four years of web3 infrastructure innovation transformed into a single product. It establishes the groundwork for our vision of a decentralized and trustless Oracle network that is capable of serving any use case while simultaneously maximizing security and trust.”
The press statement disclosed that the DIA Lumina launch will occur in stages. In order to facilitate users’ familiarization with the new solution, the network will implement the Lasernet testnet and an early staking campaign during the initial phase.
The second segment will implement live staking and a closed Lasernet mainnet. The third phase will initiate the open mainnet, which will enable a more extensive network participation. DIA announced that the testnet phase of the initiative would commence shortly.
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