2/5 One of the key features of this network is that it allows data providers to become owners or creators of their data, which ensures maximum timeliness and accuracy of information
The #Pyth price aggregation algorithm is a unique mechanism that allows you to collect data from various sources and combine them into a single price. This algorithm is based on a distributed system that provides fast and efficient real-time data collection. #PythNetwork
4/5
The #Pyth-Wormhole attestation process is the mechanism that ensures the security and reliability of the oracle. It uses various technologies, including encryption and digital signatures, to secure data and ensure it's authentic.
Telegram - t.me/Pyth_Network
5/5
Overall, thanks to the design of the #Pyth publishing network, the price aggregation algorithm, and the Pyth-Wormhole attestation process, the #Pyth oracle provides high real-time accuracy and reliability, making it an ideal tool for anyone
Discord - discord.gg/pythnetwork
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2/7🧵
It is created by the biggest names in the field of traditional finance and #DeFi with the goal of providing infrastructure for #DeFi to support the significant growth of the market
3/7🧵
One of the main advantages of the #Pyth network is its ability to provide legitimate access to unique data sets that are not available to most users. This allows you to use more accurate and reliable data, which can improve the performance and reliability of #DeFi products
1/4 Using the @PythNetwork , some of the biggest names in TradFi and #DeFi have created a dedicated oracle network that provides infrastructure for #DeFi using reliable, institutional market data.
2/4 #Pyth focuses on continuous real-world and cryptocurrency-related market data coming off-chain and streaming data at sub-second intervals. This provides more accurate, reliable and faster data for decentralized financial applications. #pyth#PythNetwork#Defi
3/4 #Pyth is built on the Solana #blockchain, allowing data providers to update prices on each slot once every 400ms - over 200,000 updates daily! This allows the development of large-scale #DeFi applications using reliable data.