Thread by @Pashakep3

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@PythNetwork is a new next-generation oracle solution being developed for #Hifi to #DeFi data transfer.

#Pyth #defi #finance #crypto #Pyth #blockchain

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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

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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

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In addition, the #Pyth network has a high update speed of less than a second, which is critical for #DeFi products that require fast and accurate data transfer. Also, the network uses complex methods of data aggregation to ensure maximum accuracy and reliability

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To combat false or malicious data leaks, the #Pyth network also provides a thorough incentive system that encourages network participants to provide accurate data and punishes incorrect or malicious actions.
#pyth #DeFi

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Overall, the #Pyth network can significantly improve the performance and reliability of #DeFi products, providing more accurate, faster and reliable data for users

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Official Pyth links:

Website: pyth.network
Twitter: @PythNetwork
Discord: discord.gg/pythnetwork
Medium: pythnetwork.medium.co