Difference between revisions of "Pyth Network"

Pyth Network (view source)

176 bytes removed , 05:01, 12 December 2022

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-[[File:Pyth Network Logo.jpg|thumb|301x301px|Pyth Network]]
+[[File:Pyth Network Logo V2.jpg|thumb|Pyth Network]]
 The 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>
 ==History==