Blockchain industry | Who writes price feeds to the blockchain?
Push oracles actively push prices on-chain according to rules set by the oracle network, and contracts can read the latest on-chain price at any time.
The advantage of push oracles is that contracts can read prices at any time; the trade-off is that the oracle network must continuously pay Gas to push updates, so the update frequency cannot be increased indefinitely.
$PYTH and $LINK are the tokens of the oracle networks Pyth and Chainlink, respectively.
If youโre unfamiliar with a product, start with a small position. Try it with a small amount first.
#PYTH
Push oracles actively push prices on-chain according to rules set by the oracle network, and contracts can read the latest on-chain price at any time.
The advantage of push oracles is that contracts can read prices at any time; the trade-off is that the oracle network must continuously pay Gas to push updates, so the update frequency cannot be increased indefinitely.
$PYTH and $LINK are the tokens of the oracle networks Pyth and Chainlink, respectively.
If youโre unfamiliar with a product, start with a small position. Try it with a small amount first.
#PYTH
