Review on DIA by Pedro O. Alvino M.
Open source off-chain data collection project
Open source platform that works through the Ethereum network, where it allows the collection of financial data in different markets, through a centralized Backend that runs a series of collectors of all types of financial data.
With a data collection system, this mechanism is tailored to different sections of the market, whether they are crypto exchanges and decentralized finance that are then provided through an oracle or API that it provides to developers. Composed of a series of components that are responsible for collecting data outside the chain, the project claims to have guaranteed scalability, despite the fact that said system is based on the Ethereum network that presents some network congestion, however this mechanism is ideal for users who closely follow crypto assets on the market and projects based on decentralized finance.
With native tokens that act as a governance token on the platform, the project also has several smart contracts in the chain for the development of decentralized applications.
Pros
- Designed as a hybrid system, to handle and process large amounts of data.
- Uses a centralized backend that collects any type of financial data.
- It has smart contracts in the chain, for the development of financial Dapps.
- Includes an API with a variety of commercial uses and data handling
- Ideal for operators in the commercial field of decentralized finance (DEFI).
- It has a solid community on its social networks.
Cons
- There are several competitors in the market.
- Being designed on the Ethereum chain, scalability can be detrimental.
- Project in full development.
