Pyth Network, introduced in 2021 as an oracle solution, was originally created to cater to the Solana Blockchain. However, it has now grown to encompass various other blockchains as well. Oracles, including Pyth Network, hold immense significance in Blockchain ecosystems as they serve as a vital link between Blockchain systems and the real world. They provide essential data to on-chain protocols. What sets Pyth Network apart from other oracles like Chainlink is its unique approach of obtaining pricing data directly from financial institutions, rather than relying on node operators. Stay updated on the latest financial and business news by accessing COINTURK FINANCE.
