Tag: oracles

  • Oracle Pyth Goes Haywire on Solana with Bad Prices

    Oracle Pyth Goes Haywire on Solana with Bad Prices

    The Pyth Network malfunctioned on Sep. 20 as the data provider reported a Bitcoin price of $5,402 on a day when other sources like CoinGecko didn’t report a BTC price below $40K. That wasn’t the only snafu. Pyth’s price feed for the stock of movie theater chain, AMC, showed a spike to $772 on Sep. […]

  • Solana Attracts Oracles as Momentum Builds for Next Phase of DeFi

    Solana Attracts Oracles as Momentum Builds for Next Phase of DeFi

    Blockchains really only know themselves. That’s what blockchains are good at: knowing the current state of assets held by all the blockhain’s users with confidence grounded in cryptographic verifiability. “[Blockchains] don’t have the ability to speak to the outside world, so they aren’t able to incorporate that into their logic and their contracts,” Kanav Kariya, […]