Ripple Adopts DIA’s Lumina for Oracle Solutions on XRP Ledger
Ripple and Stellar prefer DIA’s Lumina because it is transparent and adheres to institutional and regulatory norms.
Ripple Labs, a blockchain infrastructure provider, has integrated a new data platform to offer Oracle services on its decentralized, public blockchain XRP Ledger (XRPL).
According to a press release shared with CryptoPotato, this Oracle services provider is called Lumina and is based on the open-source financial data platform DIA (Decentralised Information Asset).
Unveiling DIA’s Oracle Services Provider
DIA Lumina is slated to go online on March 26. It will provide verified, trustless oracles for the crypto ecosystem’s DeFi, RWAs, and Web3 apps. DIA claims the platform will raise the bar for Oracle security, transparency, and efficiency.
According to the financial data platform, Lumina will no longer require “black-box data processing,” which has prompted DeFi protocols and blockchain networks to rely on opaque, centralized, trust-based, and unverifiable data feeds for years. According to DIA, Lumina marks the end of an age in which crypto networks were obliged to rely on closed-door oracles.
Lumina provides a fully on-chain and transparent architecture that checks each stage in the data flow. Lumina’s open and permissionless environment allows developers, networks, and institutions to examine Oracle processes directly. This is why Ripple and Stellar, a peer-to-peer (P2P) decentralised network, picked DIA to provide Oracle services for their blockchains.
Transparency and Trustlessness
Unlike other popular oracles such as Chainlink and Pyth, Lumina offers a fully transparent design that adheres to institutional and regulatory requirements. Ripple believes that access to fully auditable, trustless off-chain data is critical to the growth of the RWAs sector, and Lumina provides this.
“For years, oracles were regarded as a necessary evil by many—an infrastructural layer in which blockchain developers had no choice but to believe. This is the end of it. DIA Lumina is not simply another Oracle stack. “It’s the first one that doesn’t require you to trust it at all,” said Dillon Hanson, DIA’s head of business development.
Meanwhile, Lumina’s main technology is Lasernet, a modular layer-2 rollup designed for secure and verifiable oracles. According to DIA, this network uses Arbitrum’s optimistic roll-up technology with Ethereum’s security to ensure that Oracle transactions are handled publically and verifiably, removing the need for off-chain, multi-sig nodes.
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