The Role of Decentralized Information Asset (DIA) in Providing Reliable Data - Latest cryptocurrency news

The Role of Decentralized Information Asset (DIA) in Providing Reliable Data

Decentralized Information Asset (DIA) is an open-source oracle platform that enables market participants to access and share reliable data. The aim of DIA is to bring together data analysts, data providers, and data users. DIA provides a trustworthy and verifiable bridge between external data sources and on-chain smart contracts used by various financial dApps.

On the other hand, DeFi applications require reliable and scalable data flows to create trustworthy products and to prevent abuse and manipulation. DIA utilizes crypto-economic incentives and the wisdom of the community to obtain, verify, and present reliable financial data.

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The DIA platform operates in three stages: Data source discovery, data provisioning, and data access. Data sources are financed and rewarded with DIA tokens. All data is pulled from primary sources to DIA servers. The DIA database is hashed on the chain, and all data is accessible through API endpoints or Oracles.

Moreover, DIA emphasizes three elements: transparency, verification, and scalability. It is stated that DIA data flows are open-source and accessible, aiming to create a transparent ecosystem. DIA data is verified by the entire stakeholder community, and decentralized data sourcing offers easy scalability.

According to CoinMarketCap, DIA Coin is ranked 380th and has a trading volume of 56,277,023 dollars. At the time of writing, DIA Coin is trading at a value of 1.99 dollars, while it is also trading at a value of 0.00004302 BTC against Bitcoin. It is stated that the 24-hour trading volume of DIA Coin is 28,919,376 dollars.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
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