Relare Release relay. Oracles are the cornerstone of decentralized finances (defi). Intelligent contracts that have only access to the data data are used to introduce data from off-seater sources. For example, this allows you to integrate in real time during cryptocurrency by relying on a summary of verified sources. Among the suppliers of decentralized Oracles, Pyth Network quickly placed as necessary in the ecosystem. As the convergence with a giant coinbase, which now integrates the Pyth data into its exchange platform.
- Pyth Network revealed a strategic partnership with Coinbase to integrate its data in real time into the Exchange platform.
- Pyth Lazer, a new solution of Pyth Network, offers one of the lowest data latency on the market and updates all millisecond prices.
Coinbase integrates Pyzer of Pyth Network
This weekend PYK NETWORK PROCOCOL revealed and Partnership Size with Giant Coinbase on his social networks.
Over Daily volume of $ 6 billion,, Coinbase is the second platform for the exchange of cryptocurrency in the world. The platform, founded in 2012, quickly established itself in a crypto ecosystem as necessary. And for individuals and institutions.
In practice, through this partnership, Coinbase will integrate the solution of Pyth Lazer into its exchange platform. As a result, it uses the flow of data in real time Pytha on thousands of cryptocurrencies.
“Coinbase International Exchange is devoted to providing unrivaled business experience. By integrating Pyth Lazer technology, we improve the speed and accuracy of price data about our scholarship. We are pleased that we can cooperate with Pyth and continue to move the innovations in the cryptocurrency exchange area. »»
Until now, centralized exchanges have not integrated decentralized Oracles, because these could not offer sufficiently low latency. As a result, the integration of the Pyth network in Coinbase shows the historical progress of Pyth with the product Pyth Lazer.
PYH LAZER: The fastest flow of data on the market
For a long time, decentralized Oracles have tried to be competitive with centralized solutions due to their latency. Yeah, the smallest delay, even small, can have significant consequences on high -frequency markets such as cryptocurrencies.
However, Pyth Network found a show with its new solution: Pyth Lazer. In fact, it offers one of the lowest latency on the market, Milliseconde Order. Thus, all milliseconds are updated prices provided by the Lazer, which creates an ideal solution for both defi, but also for centralized platforms, testifies to its integration of Coinbase.
In practice, Pyth Lazer is accessible to a large number of blockchains, whether on the basis of the Ethereum virtual machine (EVM) or Virtual Machine Solana (SVM).
Restore data all 1ms
To achieve this performance uses Pyth Lazer and Architecture specially designed to minimize the cost of calculating the performance maximization. This allows logs to obtain real -time prices with minimal costs, ideal for broadband operations.
Like its historical company Pyth Core Service, Pyth Lazer aggregates data provided directly by leading suppliers. We find scholarships and market content, which increases data reliability.
For comparison, Pyth Core offers refreshments of its data every 400 ms. Pyth Lazer thus means the main optimization by distributing the frequency of refreshments by 400.
Of course, this massive profit of the performance includes certain compromises. To achieve this unique frequency of restoration, Pyth Lazer introduces certain compromises on decentralization compared to Pyth Core.
This new service comes Create a Pyth network menu to suit all types of use. Customers who need a reliable data source without necessarily require refreshments in real time and a high level of decentralization can turn to Pyth Core.
On the other hand, customers with real -time applications can get renewed data over all milliseconds via Pyth Lazer, which offers a fair balance between CEX performance and ethics of decentralization.
It seems that Pyth is also interested in financial giants. Really, Stray Scale recently introduced a new cryptocurrency fundNative token Pyth Network.