DApps on NEAR Protocol Can Natively Access DIA’s Open-Source Oracles
29 Ottobre 2021 - 6:02PM
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DIA Association has announced the integration of its oracle
infrastructure with the layer 1 distributed ledger NEAR Protocol.
This deployment is set to enable the development of new
decentralized applications with easy access to accurate and
transparent data provided by DIA. The NEAR Protocol, live on
mainnet since April 2020, is a blockchain network created and
developed by the NEAR Foundation, using a proof-of-stake consensus
mechanism. The NEAR ecosystem encompasses several verticals
including DeFi, with dApps like Maker, Utility/Infrastructure, with
tools like The Graph or games such as Near Lands. The NEAR protocol
is also home to NFTs, enabling users to create, mint and sell
non-fungible tokens through its engine Mintbase. The blockchain
ecosystem has seen a number of new efficiency-driven chains
surface, aiming to solve the scalability issue that ledgers like
Ethereum are showing due to the increasing block sizes and the
number of daily transactions. In the last weeks, DIA has announced
the integrations of its data provision with many of these new
networks, including chains like Moonriver, Arbitrum, Celo, Shiden
and many others. DIA has a unique approach to data sourcing
compared to other oracle suppliers. The open-source oracle platform
collects data at the individual trade level directly from
centralized exchange APIs and on-chain from decentralized
exchanges, whereas other oracle platforms aggregate a range of
premium data suppliers. This allows DIA to make the sources of data
fully transparent and customizable to specific use cases. It also
enables the flexibility to source data for any asset, regardless of
its trading volume or coverage by premium data providers.
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