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[[File:Pyth Network Logo.jpg|thumb | [[File:Pyth Network Logo.jpg|thumb|300x300px]] | ||
Pyth Network is a first-party financial oracle network designed to publish continuous real-world data on-chain in a tamper-resistant, decentralized, and self-sustainable environment. | |||
The network incentivizes market participants — exchanges, market makers, and financial services providers — to share directly on-chain the price data collected as part of their existing operations. The network then aggregates this first-party price data (still on-chain) and makes it available for free to either on- or off-chain applications.<ref>https://pyth.network/whitepaper</ref> End-users of Pyth data can elect to pay data fees to gain protection against a potential oracle failure as well as attract additional publishers to make the network more robust. | The network incentivizes market participants — exchanges, market makers, and financial services providers — to share directly on-chain the price data collected as part of their existing operations. The network then aggregates this first-party price data (still on-chain) and makes it available for free to either on- or off-chain applications.<ref>https://pyth.network/whitepaper</ref> End-users of Pyth data can elect to pay data fees to gain protection against a potential oracle failure as well as attract additional publishers to make the network more robust. | ||
==History== | ==History== | ||
[[File:Pyth Network Whitepaper.png|thumb|350x350px|Pyth Network Whitepaper]] | |||
[https://pythnetwork.medium.com/today-were-beyond-excited-to-introduce-the-pyth-network-a-next-generation-oracle-solution-735a27504358 Started in]: April 7, 2021 | [https://pythnetwork.medium.com/today-were-beyond-excited-to-introduce-the-pyth-network-a-next-generation-oracle-solution-735a27504358 Started in]: April 7, 2021 | ||
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[https://pythnetwork.mypinata.cloud/ipfs/QmZyXccxUfhHjqHevkhWXKw5zWcnFj3NY4JvnrXbkeAEhw Whitepaper release]: January 18, 2022 | [https://pythnetwork.mypinata.cloud/ipfs/QmZyXccxUfhHjqHevkhWXKw5zWcnFj3NY4JvnrXbkeAEhw Whitepaper release]: January 18, 2022 | ||
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