DIA Announces Yet Another Integration. This Time on Solana
The open-source oracle supplier DIA introduced that it’s integrating its oracle companies with the layer 1 blockchain Solana. This deployment allows builders on the community to leverage DIA’s knowledge to construct new decentralized purposes.
Solana went reside with its beta community in March 2020, but it has already positioned itself as one of many main blockchain networks, as of at this time locking a complete worth of roughly 15 billion USD.
Solana already helps numerous DeFi options, together with decentralized purposes and good contracts, in addition to non-fungibles tokens. Solana makes use of a consensus mechanism that mixes proof-of-history (PoH) with proof-of-stake (PoS), enabling the community to course of greater than 50,000 transactions per second. In comparability, the Ethereum community can solely deal with 13 transactions per second.
Solana was designed to realize excessive community operability with low transaction prices with its mixed consensus algorithms of Proof of Stake and Proof of History. This tech stack is about to beat the scalability problems with networks resembling Etheruem, which rely upon a unstable community charge for its block affirmation mechanism.
DIA has been closely broadening the supply of its knowledge infrastructure. In latest weeks, DIA has deployed its oracle on various ledgers, together with Polygon, Polkadot, BSC, Moonbeam, Arbitrum, Celo, Avalanche, NEAR, Shiden and lots of others.
The overwhelming majority of decentralized purposes together with these on Solana require knowledge exterior to the blockchain to function. These purposes are depending on the correct calculation of value factors as a way to keep away from being uncovered to knowledge manipulation and exploitation resembling flash mortgage assaults, doubtlessly leading to investor losses.
To overcome this dilemma, DIA has a singular method to knowledge sourcing in comparison with different oracle companies. The open-source oracle platform collects knowledge on the particular person trade degree instantly from centralized alternate APIs and on-chain from decentralized exchanges, whereas different oracle platforms mixture a variety of premium knowledge suppliers.