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What is DIA (DIA)?

Decentralized Information Asset (DIA) is an open-source oracle platform that provides verifiable data feeds to decentralized applications (dApps) on blockchain networks. DIA aims to bring transparency to the blockchain ecosystem by providing access to reliable and auditable price data, market information, and other crucial data sets. This article provides an overview of DIA, including its history, purpose, technology, market value, and more.

History of DIA

DIA was founded in 2018 by a team of blockchain experts with the aim of providing a reliable source of decentralized information. The team behind DIA includes Michael Weber, Paul Claudius, and Fabian Vogelsteller, who is also the creator of the Ethereum Mist Browser and the ERC-20 token standard.

Purpose of DIA

The primary purpose of DIA is to provide decentralized information to the blockchain ecosystem. DIA achieves this by collecting and aggregating data from various sources and providing this data to dApps on blockchain networks. DIA’s data feeds are auditable and verifiable, which makes them a reliable source of information for decentralized applications.

DIA’s data feeds cover a wide range of categories, including cryptocurrency prices, traditional asset prices, exchange rates, and more. By providing reliable data feeds to decentralized applications, DIA enables the creation of a new generation of decentralized financial applications.

Technology

DIA uses a hybrid approach to collect and aggregate data from various sources. The platform combines on-chain and off-chain components to ensure data accuracy and reliability. On-chain components include smart contracts that interact with blockchain networks, while off-chain components include APIs and data sources outside the blockchain ecosystem.

DIA’s smart contracts are responsible for data aggregation, processing, and distribution. They also facilitate the verification and validation of data before it is made available to dApps. DIA’s off-chain components include data providers who provide data to the platform via APIs and other sources.

DIA’s data feeds are secured by a consensus mechanism that ensures the accuracy and reliability of the data. The consensus mechanism involves a network of independent data validators who verify the accuracy of the data before it is added to the platform’s data feeds.

Market Value

As of May 2023, DIA has a market capitalization of around $300 million and a circulating supply of 122 million DIA tokens. DIA’s token (DIA) is an ERC-20 token that is used to pay for the platform’s services. The token can also be used for staking, which involves locking up tokens to participate in the network’s consensus mechanism.

DIA’s token is listed on several cryptocurrency exchanges, including Binance, Bitfinex, and Huobi. The token’s price has been volatile since its launch, with a high of $4.15 in February 2021 and a low of $0.58 in December 2021. As of May 2023, the token is trading at around $2.50.

Pros and Cons

Pros:

  • DIA provides a reliable source of decentralized information to the blockchain ecosystem.
  • DIA’s data feeds are auditable and verifiable, making them a reliable source of information for decentralized applications.
  • DIA’s hybrid approach to data collection and aggregation ensures data accuracy and reliability.
  • DIA’s consensus mechanism ensures the accuracy and reliability of the data feeds.

Cons:

  • DIA’s token price is volatile, which may discourage some investors.
  • DIA faces competition from other oracle platforms, such as Chainlink and Band Protocol.

How To Buy DIA (DIA)?

Do you want to plunge into the world of cryptocurrencies and know where to buy How To buy DIA (DIA)? The largest exchanges currently trading with How To Buy DIA (DIA)? Kucoin , Gate.io  Binance and . You can find other exchanges that make listings.

About DIA (DIA)

Contract
0x84ca8bc7997272c7cfb4d0cd3d55cd942b3c9419
Websitehttps://www.diadata.org/
ExplorersEtherscan,ethplorer
CommunityTwitter
API idddia-data

1 DIA (DIA) USDC (1 DIA) to USD//Coin) Exchange Calculator

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