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How Pyth Propogates Financial Data At The Speed of Light | Mike Cahill
Feb 15, 2024
Mike Cahill, core contributor to Pyth, discusses the value of financial market data, the role of oracles in crypto, Pyth's SVM appchain, permissionless integrations, quality control for publishers, Pyth's airdrop and governance, liveness concerns, economics and trust minimization, the RWA opportunity, and the evaluation of crypto's ecosystems.
56:01
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Quick takeaways
- Pith aims to optimize valuable financial market data by bringing it on-chain and creating incentives for participation.
- Oracle networks like Pith are essential for providing reliable and low-latency external data to the blockchain, prioritizing speed and trust.
Deep dives
Optimizing for Valuable Financial Market Data
The podcast episode discusses the idea behind Pith, a blockchain developed to optimize the valuable component of financial market data. The speaker highlights that the majority of the value lies within the first 15 minutes of accessing this data. Pith aims to capture this value by bringing the most valuable component of financial market data on-chain and creating incentives for participation. They emphasize the importance of optimizing for the highly valuable, time-sensitive data and expanding the capabilities of the blockchain. The episode also mentions the DAS London conference, an institutional crypto conference, and provides a link for more information.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode