Pyth Network, an oracle-only chain, launches ”Pyth Lazer”...provides customized price updates in ms

Pyth Network, an oracle network for blockchain-related services, has announced the launch of its oracle solution, Pyth
On the 16th, Pyth Network, a decentralized data infrastructure project, announced that it will support over 500 cryptocurrencies as well as
It provides real-time price data for stocks, exchange-traded funds (ETFs), foreign exchange and more to over 80 blockchain ecosystems.
Through Lazer, price data for 1,000 cryptocurrencies and traditional assets will be updated at a speed of 1ms (1/1000th of a second), aiming to improve on the latency limitations of existing oracle models.
Pyth Lazer allows you to customize the price update period to 1ms, 50ms, 200ms, etc. This allows you to meet the performance goals of each decentralized finance (DeFi) protocol.
Together, they can use data more efficiently. On-chain efficiency is also improved. Pyth Lazer is a blockchain that can run 15,000 computational units (transactions on the Solana network) on Solana.
It processes transactions in 100 Mbps (a unit of measurement for the computing resources used to process transactions) and supports 20 simultaneous price feeds.
This utilizes fewer resources and minimizes costs even in high throughput situations.
This means that the platform can support real-time price data on the market, and also provides an optimized service for latency-sensitive users.
The company will unveil a permission-based service with enhanced performance based on liquidity publisher data (data containing information for improving and maintaining liquidity) provided by companies such as e.
In addition, it supports over 1000 price feeds, including Bid/Ask Price, Market Depth, Moving Averages, and more.
You can easily visualize the data in loading view. Peacekeeping is supported on various blockchain environments such as the Ethereum Virtual Machine (EVM) or the Solana Virtual Machine (SVM).
Douro, the core developer of Pyth Network, is currently working on the implementation of the blockchain.
"Pyth Labs CEO and co-founder Michael Cahill said,
The Network is synchronized with real-time market data, giving traders a strong edge in volatile markets.
"In a situation where a delay of just a few milliseconds can mean traders miss out on arbitrage opportunities, Python can provide a powerful competitive edge," he said.
Lazer will be an effective solution."