Lumia is an advanced blockchain platform designed to revolutionize the entire lifecycle of Real-World Assets (RWA). From asset tokenization to liquidity aggregation, Lumia offers a more comprehensive solution for users in the decentralized finance (DeFi) space. The goal of Lumia is not only to improve scalability but also to build an ecosystem that connects DeFi with real-world assets, thereby creating diverse and practical application opportunities.
The conversion process from Orion Protocol (ORN) to Lumia (LUMIA) will take place on October 15, 2024, when Orion Protocol officially rebrands to Lumia. This process includes a token swap at a 1:1 ratio and is supported by the Binance exchange. Notably, the total supply of LUMIA has increased by 158% compared to ORN. This is a significant change, laying the foundation for the project's future development.
Layer-2, a technology often mentioned in blockchain solutions, plays a crucial role in expanding the capabilities of the main blockchain network (Layer-1). Layer-2 is developed to improve scalability, increase transaction processing speed, and reduce costs. Layer-2 solutions operate in parallel with Layer-1, helping to alleviate the main network load and providing significant benefits for both users and developers.
The main benefits of Layer-2 include:
1. Increase transaction processing capacity, reduce network congestion, and expand bandwidth, thereby addressing the issue of transaction overload.
2. Significantly reduce transaction costs, facilitating easier use of blockchain.
3. Maintain the security and decentralization of Layer-1 while improving overall performance.
Lumia is designed to make the most of Layer-2 solutions. This allows the platform to handle a large number of transactions without compromising performance or increasing costs, while maintaining the security and decentralization of the system. The integration of Layer-2 also supports Lumia in executing transactions quickly, reliably, and securely.
Compared to Arbitrum (ARB) and Optimism (OP), Lumia has a distinct advantage thanks to its ability to integrate real-world assets (RWA) and a strategy focused on building a comprehensive ecosystem. While ARB and OP lead in Ethereum scalability, both are still limited to conventional DeFi applications without expanding into the real asset market.
In summary, with the transition from Orion Protocol to Lumia and the integration of Layer-2, LUMIA aims not only to enhance user experience but also to open up new opportunities in decentralized finance and asset tokenization. This is a crucial step that shapes the future of the platform within the blockchain ecosystem.
