On August 04, 2022, WanChain, a cross-chain interoperability solution, integrated DIA(decentralized information asset) on its mainnet.
DIA is a decentralized and open-source platform that enables sourcing and validation. This platform also specializes in transferring verified, and transparent data feeds for traditional and digital financial applications.
In addition, DIA included a price feed system that tracks WanChain native token $WAN coin and various other WanChain assets.
DIA price feeds track over 2000 crypto assets, over 20,000 traditional financial equities, and more than 18,000 NFT assets.
To provide an accurate price result, DIA transparently sources trade data directly from various off-chain and on-chain sources.
This ability to source data in a vast array of chains enables DIA to build customized price oracles, thereby reshaping the way oracles function.
WanChain is an L1 chain that uses a PoS system. The platform is similar to the Ethereum (ETH) network and compatible with industry-standard dApps, protocols, Ethereum (ETH) tools, and monero-style private transactions.
The PoS consensus algorithm system that WanChain uses is called Galaxy consensus, and it takes advantage of a broad array of cryptographic schemes.
Experienced researchers and academics developed the galaxy consensus as a continuation of Ouroboros on the Cardano (ADA) network.
WanChain decentralized system creates cross-chain bridges that connect EVM and non-EVM networks in a non-custodial way.
Integrating DIA into its system is a big win for the WanChain network, and according to Michael Weber, DIA Association president, the WanChain ecosystem will benefit tremendously from this partnership.
They will be able to leverage DIA transparent and accurate oracles to expand the capacity of their dApps resulting in the development of various use cases in the GameFI, DeFi, and NFTfi world.
On the other hand, DIA will benefit from the ecosystem as there will be the easy deployment of price oracle for wanchain assets on the WanChain platform.