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DIA Launches Lumina Architecture and Partners with Stacks to Strengthen Bitcoin’s Layer-2 DeFi
The post DIA Launches Lumina Architecture and Partners with Stacks to Strengthen Bitcoin’s Layer-2 DeFi appeared on BitcoinEthereumNews.com. DIA launches its new Oracle architecture Lumina, enhancing decentralization for Web3 applications. The Lumina system uses advanced technologies like zero-knowledge verification to improve data reliability. DIA, a decentralized information asset network, has introduced a new oracle architecture named Lumina. This system is designed to bolster trustless data infrastructure for the Web3 ecosystem. With improvements focused on scalability and decentralization, Lumina marks a significant step forward in decentralized finance (DeFi) applications. The Lumina architecture has a flexible structure that enables the gathering, verification, processing, and delivery of information through modules. This system is designed to provide a more reliable decentralized applications (dapps) data solution. Through the use of DIA’s layer two (L2) roll-up protocol called Lasernet, Lumina is able to keep the operations de-centralized while at the same time keeping the security standards high. A key feature of the platform is the use of zero-knowledge proofs, a cryptographic technique that guarantees secure and trustless data verification. This technology increases the credibility of node contributions, which in turn increases the decentralization of the system. The company said that Lumina will initially be launched on a testnet where people can try out its features before a global launch. This gradual transition to the mainnet will allow more users to use the system while maintaining stability. Lumina Tackles Traditional Oracle Limitations One of Lumina’s primary goals is to address the limitations of traditional oracle systems. Some of the existing oracle architectures have drawbacks of centralization and scalability issues. Lumina addresses these challenges through a incentivizing a network of nodes to collect and store trade data from over 100 centralized and decentralized exchanges. This process allows for a more decentralized method of sourcing and verifying data. DIA has also pointed out that Lumina’s architecture is general-purpose, enabling it to support any application and be agile…
The post DIA Launches Lumina Architecture and Partners with Stacks to Strengthen Bitcoin’s Layer-2 DeFi appeared on BitcoinEthereumNews.com.
DIA launches its new Oracle architecture Lumina, enhancing decentralization for Web3 applications. The Lumina system uses advanced technologies like zero-knowledge verification to improve data reliability. DIA, a decentralized information asset network, has introduced a new oracle architecture named Lumina. This system is designed to bolster trustless data infrastructure for the Web3 ecosystem. With improvements focused on scalability and decentralization, Lumina marks a significant step forward in decentralized finance (DeFi) applications. The Lumina architecture has a flexible structure that enables the gathering, verification, processing, and delivery of information through modules. This system is designed to provide a more reliable decentralized applications (dapps) data solution. Through the use of DIA’s layer two (L2) roll-up protocol called Lasernet, Lumina is able to keep the operations de-centralized while at the same time keeping the security standards high. A key feature of the platform is the use of zero-knowledge proofs, a cryptographic technique that guarantees secure and trustless data verification. This technology increases the credibility of node contributions, which in turn increases the decentralization of the system. The company said that Lumina will initially be launched on a testnet where people can try out its features before a global launch. This gradual transition to the mainnet will allow more users to use the system while maintaining stability. Lumina Tackles Traditional Oracle Limitations One of Lumina’s primary goals is to address the limitations of traditional oracle systems. Some of the existing oracle architectures have drawbacks of centralization and scalability issues. Lumina addresses these challenges through a incentivizing a network of nodes to collect and store trade data from over 100 centralized and decentralized exchanges. This process allows for a more decentralized method of sourcing and verifying data. DIA has also pointed out that Lumina’s architecture is general-purpose, enabling it to support any application and be agile…
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