Pyth Network's Entropy Solution deployed on Sei Network
CryptoNewsTerminal Staff27 May, 2024
Pyth Network's Entropy Solution deployed on Sei Network
Pyth Network, a provider of oracle solutions, has announced the deployment of its random number generation solution, Pyth Entropy, on the Sei Network (SEI). This deployment marks another step in Pyth's mission to provide reliable and decentralized data to blockchain applications. Pyth Entropy provides a critical function for smart contracts that require randomness. Smart contracts are automated agreements that execute when certain conditions are met, and they often rely on random numbers to ensure fairness and security. Sei is a layer-1 proof-of-stake blockchain that is designed for trading and financial applications. The integration of Pyth Entropy into Sei's ecosystem will further enhance the platform's capabilities for developing and deploying sophisticated financial applications. With the deployment on Sei, Pyth's Entropy solution is now available on seven major blockchains. This includes Arbitrum, Blase, Chiliz, Mode, Lightning, and Optimism mainnet. This broad reach demonstrates the growing demand for reliable and decentralized data solutions in the blockchain industry.
