Hello xDai Chain: Continuing DIA’s Cross-Chain Integration

DIA is integrating with the xDai Chain, to offer its oracle infrastructure in the Ethereum compatible blockchain for fast and inexpensive transactions.

DIA
DIA
Aug 3 · 2 min read

The xDai Chain is a stable payments EVM (Ethereum Virtual Machine) blockchain designed for fast and inexpensive transactions. The chain uses a unique dual-token model for its ecosystem: xDai is a stable token used for transactions, payments, and fees, and STAKE is a governance token used to support the underlying POSDAO Proof-of-Stake consensus. The xDai Stable Chain has been live since October 2018.

The xDai Chain exists to support stable payments and digital cash transactions. Whereas Ethereum transaction costs are unpredictable, subject to congestion, and require several tokens (for example DAI + Eth for gas), xDai transactions are fast, inexpensive, and require a single token (xDai).

Development on xDai is easy and intuitive for Ethereum developers, as any contract that works on the Ethereum mainnet can be redeployed to the xDai Chain. xDai provides an Ethereum compatible chain for projects executing small or complex transactions that would require high gas fees. Open governance, open access and token stability create a trusted environment for users as well as applications built on top of xDai.

DIA’s crowd-sourced data feeds are accessible on xDai’s Ethereum compatible chain. DIA is feeding the xDai ecosystem with a broad set of DeFi and CeFi financial data to enable the creation of new decentralised applications based on accurate data points with transparent methodologies.

As the DeFi and crypto ecosystems evolve and mature, so does the need for stability for its users. DIA is excited to provide price oracles to support xDai Chain in building a fast and scalable blockchain infrastructure with a transaction system not subject to market volatility.

xDai Chain DIA oracle address: https://blockscout.com/xdai/mainnet/address/0xcF2374824C2Ff84F07Ff4adcA074dfeDDa5C7569/

About DIA

DIA (Decentralised Information Asset) is an open-source, financial information platform that utilises crypto-economic incentives to source and validate data. Market actors can supply, share and use financial and digital asset data.

DIA Insights

Updates and insights about the developments on DIA — an…

DIA Insights

Updates and insights about the developments on DIA — an open-source platform for transparent, reliable financial and digital asset data built on blockchain.

DIA

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DIA

DIA is a Swiss non-profit association that provides open-source access to crowd-verified financial and digital asset data.

DIA Insights

Updates and insights about the developments on DIA — an open-source platform for transparent, reliable financial and digital asset data built on blockchain.