Pyth Network, introduced in 2021 as an oracle solution, was primarily created to cater to the needs of the Solana Blockchain. However, it has now broadened its scope to include support for various other blockchains. Oracles, such as Pyth Network, play a crucial role within the Blockchain ecosystem as they act as the vital link between the Blockchain systems and the real world, providing essential data to on-chain protocols. What sets Pyth Network apart from other oracles, like Chainlink, is its unique approach of directly sourcing pricing data from financial institutions rather than relying on node operators. Stay up-to-date with the latest financial and business news by accessing COINTURK FINANCE.
