Pyth Network Explained: Powering Smart Contracts with Real-World Data

🤔 What is Pyth Network?
Pyth Network is a first-party oracle network designed to provide off-chain data to mission-critical systems across multiple blockchains.
Or, more simply put, Pyth provides real-world data that enables important smart contracts to function properly.

💡 What makes Pyth Network unique?
The difference between Pyth and its competitors is where Pyth sources its data from.
Most oracles, or data providers, use aggregated data from third-party providers which themselves includes data taken from other data already aggregated by other third-party providers.
Alternatively, Pyth takes their data directly from the source, which includes some of those top trading firms, leading exchanges, and leading crypto companies.

💰 PYTH Tokenomics
In total, there will be 10 billion PYTH tokens.
The total amount will be distributed as follows: 22% will go towards Publisher Rewards, 0.5% of which has already been unlocked. 52% will go towards the Ecosystem Growth, with 7% currently unlocked. 10% will go towards Protocol Development, with 1.5% unlocked.
Additionally, 6% went towards the Community and Launch, none of which is locked, and the final 10% went towards Private Sales, all of which is currently locked.

Timestamps ⏳

00:00 Intro

0:19 What is Pyth Network?

1:44 How does Pyth Network work?

4:35 What makes Pyth Network unique?

5:20 PYTH Tokenomics
❓ Q & As ❓

Start from the basics:
🎬 What Is BITCOIN: https://youtu.be/1orN8Nf9Qvw
🎬 What Is a BLOCKCHAIN: https://youtu.be/peHo3V4Dv4Q
🎬 Banks vs Cryptocurrencies: https://youtu.be/VMrV_9dojQE
🎬 Decentralized Finance vs Centralized Finance: https://youtu.be/LS6EtV1lsdU
🎬 Crypto Technical Analysis: https://youtu.be/9b-tiM4HxMk

Видео Pyth Network Explained: Powering Smart Contracts with Real-World Data канала I Explain Crypto