Pyth Network Brings Price Oracle to IOTA Blockchain

IconCryptoNewsTerminal Staff13 Jun, 2024

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Pyth Network Brings Price Oracle to IOTA Blockchain

Pyth Network, an open-source blockchain development firm, has recently launched a price oracle on IOTA. This integration will allow developers to access reliable and up-to-date price data on the IOTA network. A price oracle is a critical tool for decentralized applications (dApps) as it provides a trusted source of information about the prices of various assets. With Pyth Network's oracle now available on IOTA, developers can build more sophisticated and data-driven applications. The oracle provides real-time price data for a wide range of assets, including cryptocurrencies, commodities, and fiat currencies. This data can be used for a variety of purposes, such as calculating the value of assets, triggering smart contracts, and powering decentralized exchanges. The integration of Pyth Network's oracle into the IOTA ecosystem is a significant development that will benefit both developers and users. By providing access to reliable and accurate price data, the oracle will help to accelerate the development of innovative dApps on IOTA.

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