Hello Gnosis Chain: Continuing DIA’s Cross-Chain Integration
DIA is integrating with the Gnosis Chain, to offer its oracle infrastructure in the Ethereum compatible blockchain for fast and inexpensive transactions.
The Gnosis 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 Gnosis 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), Gnosis transactions are fast, inexpensive, and require a single token (xDai).
Development on Gnosis is easy and intuitive for Ethereum developers, as any contract that works on the Ethereum mainnet can be redeployed to the Gnosis Chain. Gnosis Chain 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 Gnosis Chain.
DIA’s crowd-sourced data feeds are accessible on Gnosis Chain’s Ethereum-compatible chain. DIA is feeding the Gnosis Chain 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 Gnosis Chain in building a fast and scalable blockchain infrastructure with a transaction system not subject to market volatility.
Gnosis Chain DIA oracle address:
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.