$IOTA has connected its L1 network to Pyth Pro, the new price feed infrastructure developed by Pyth, a decentralized oracle network providing financial market data for blockchain applications. The update gives developers access to more than 3 000 institutional-grade price feeds, lower latency, and faster data updates.
Previously, $IOTA used Pythnet, Pyth’s original decentralized infrastructure that delivered price data through the Wormhole bridge. As part of a network-wide upgrade, Pyth is retiring Pythnet and moving all supported blockchains to Pyth Pro. The change is not exclusive to $IOTA and affects the entire Pyth ecosystem.
Developers building on $IOTA can already migrate to the new service by subscribing to a Pyth Pro data plan and updating their integrations. The transition becomes mandatory on August 18. After that date, Pyth Core price feeds will stop working, and applications that have not migrated will lose access to market data.
Image: Magnific
bitcoinworld.co.in