We are thrilled to enter the Solana ecosystem by making DIA’s trusted oracle infrastructure accessible to the developers building on top of Solana.
Nov 9, 2021
Solana is a third-generation blockchain that supports an array of DeFi solutions, including the development of decentralized applications (DApps) and smart contracts, as well as non-fungible tokens (NFTs). Unlike other blockchains, Solana uses a hybrid consensus algorithm that combines proof-of-history (PoH) with proof-of-stake (PoS), enabling the network to carry out up to 50,000 transactions per second.
Solana’s native Proof-of-History algorithm uses cryptography to establish a trustless source of time for the system while maintaining the network’s degree of decentralization. PoH offers a record of previous events on the network, facilitating a chronological storage of historical data. Unlike other well-known blockchain networks, Solana doesn’t require a layer 2 solution to enable a high performance on the network. This feature facilitates the integration of new dApps into Solana’s ecosystem, and has also allowed many major DeFi projects to start building on it, including O3Swap, Arweave, SolStarter and Oxygen.
With the move, DIA is delivering oracle services to Solana mainnet, giving access to a broad set of traditional and digital asset price feeds on-chain. The integration allows developers on Solana to leverage customised data feeds to secure dApps with accurate and transparent crowd-verified market data. DIA’s open-source oracle service, DIA sources data at individual trade level directly from a wide range of sources and offers a number of customised computational methodologies to meet the diverse and individual needs of decentralised applications.