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How Pyth Is Changing the Oracle Game w/ Jayant Krishnamurthy

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CHAPTER

Building Pith: The Solution for Accessing Financial Market Data on the Blockchain

This chapter discusses the landscape and need for oracles in the blockchain industry, highlighting the proprietary nature of financial market data. It explores the motivations of data providers to participate in Pith, the incentive structure, and the integration and reliability of data feeds. The chapter also covers the concept of confidence intervals, the optimization of latency and update frequency, and the transition to running Pith on PithNet, a private side chain instance.

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