Pyth：透過拉動 Oracle 創新推動區塊鏈革命

Pyth Network 的快速成長（擴展到超過 55 個區塊鏈、3000 億美元的安全容量以及與 350 個應用程式的整合）歸功於其拉式預言機架構。與傳統的推送預言機不同，Pyth 允許下游用戶按需請求價格更新，從而提高 Gas 效率和跨區塊鏈的無縫擴展，使其成為各種應用程式的關鍵基礎設施驅動程式。

Pyth: A Transformative Force in the Blockchain Ecosystem, Driven by Pull Oracle Architecture

Pyth：由 Pull Oracle 架構驅動的區塊鏈生態系統的變革力量

In the rapidly evolving landscape of blockchain technology, Pyth Network has emerged as a beacon of innovation, achieving remarkable milestones in a mere two years. With its expansion to over 55 blockchains, securing $300 billion in total volume, and integrating with more than 350 applications, Pyth has become an indispensable infrastructure driver in the Web3 realm.

在快速發展的區塊鏈技術領域，Pyth Network 已成為創新的燈塔，在短短兩年內實現了非凡的里程碑。 Pyth 已擴展到超過 55 個區塊鏈、總價值達 3000 億美元，並與 350 多個應用程式集成，已成為 Web3 領域不可或缺的基礎設施驅動程式。

The Pull Oracle Advantage

Pull Oracle 的優勢

At the heart of Pyth's success lies its innovative pull oracle architecture. Unlike traditional push oracles that blindly push price updates on-chain at predetermined intervals, Pyth empowers downstream users to request or pull price updates on-demand, precisely when they need them. This elegant approach yields several key advantages:

Pyth 成功的核心在於其創新的拉式預言機架構。與按預先確定的時間間隔盲目地在鏈上推送價格更新的傳統推送預言機不同，Pyth 使下游用戶能夠在需要時按需請求或拉取價格更新。這種優雅的方法有幾個關鍵優勢：

• Enhanced Gas Efficiency: Push oracles often waste gas by sending price updates that may not be immediately consumed. Pyth eliminates this inefficiency by charging users only for the prices they pull, even though Pyth Price Feeds update as frequently as every 400 milliseconds.
• Ultra-Low Latency: Pyth's pull mechanism ensures that users always have access to the most up-to-date price data. This lightning-fast latency is crucial for applications that demand real-time data, such as decentralized exchanges and market makers.
• Scalability: Pull oracles like Pyth can seamlessly scale to support an ever-increasing number of blockchains and price feeds without incurring unsustainable gas costs. This scalability is paramount as the blockchain ecosystem continues to expand and proliferate.

Revolutionizing Data Access

提高 Gas 效率：推送預言機經常透過發送可能不會立即消耗的價格更新來浪費 Gas。即使 Pyth Price Feeds 每 400 毫秒更新一次，Pyth 也只向用戶收取拉取的價格，從而消除了這種低效率。這種閃電般的延遲對於需要即時數據的應用程式（例如去中心化交易所和做市商）至關重要。區塊鏈和價格回饋，而不會產生不可持續的Gas 成本。隨著區塊鏈生態系統的不斷擴展和增殖，這種可擴展性至關重要。

Pyth's commitment to providing real-time market data has had a transformative impact on traditional sectors like equities and commodities. For decades, access to real-time data has been a privilege reserved for those willing to pay hefty fees. Pyth has democratized this access by offering its prices to anyone, free of charge and without any delays.

Pyth 致力於提供即時市場數據，這對股票和大宗商品等傳統產業產生了變革性影響。幾十年來，存取即時數據一直是那些願意支付高額費用的人的特權。 Pyth 透過向任何人免費且無任何延遲地提供價格，使這種訪問民主化。

This democratization has leveled the playing field, empowering individuals and institutions alike to make informed decisions based on the same real-time data that professional traders rely on. As a result, Pyth has become a linchpin for various financial applications, including trading platforms, data analytics tools, and risk management systems.

這種民主化創造了公平的競爭環境，使個人和機構能夠根據專業交易者所依賴的相同即時數據做出明智的決策。因此，Pyth 已成為各種金融應用程式的關鍵，包括交易平台、數據分析工具和風險管理系統。

Ensuring Accuracy and Timeliness

確保準確性和及時性

Maintaining the accuracy and timeliness of real-time data is paramount for Pyth. To achieve this, Pyth harnesses the power of first-party data, which is data created and owned by active participants in both traditional and Web3 capital markets. These institutional and decentralized players effectively generate live asset prices through their participation in price discovery processes.

保持即時數據的準確性和及時性對於 Pyth 來說至關重要。為了實現這一目標，Pyth 利用第一方數據的力量，這些數據是由傳統資本市場和 Web3 資本市場的活躍參與者創建和擁有的數據。這些機構和去中心化參與者透過參與價格發現過程有效地產生即時資產價格。

Unlike many legacy oracles that rely on third-party aggregators, Pyth sources its data directly from over 100 market makers, exchanges, financial institutions, and trading firms. This diverse data provider community includes renowned names like Binance, Bybit, OKX, Wintermute, and QCP Capital from the crypto-native realm, as well as established institutions like Cboe, Jane Street, LMAX, and Susquehanna International Group from the traditional financial world.

與許多依賴第三方聚合商的傳統預言機不同，Pyth 直接從 100 多家做市商、交易所、金融機構和貿易公司取得資料。這個多元化的資料供應商社群包括加密原生領域的 Binance、Bybit、OKX、Wintermute 和 QCP Capital 等知名企業，以及傳統金融領域的 Cboe、Jane Street、LMAX 和 Susquehanna International Group 等知名機構。

This diversity ensures that Pyth's price data is both secure and reliable. It also enables Pyth to offer a wide range of data sets, including digital assets, forex pairs, metals, and even previously inaccessible data like US equities and ETF prices.

這種多樣性確保了 Pyth 的價格數據既安全又可靠。它還使 Pyth 能夠提供廣泛的數據集，包括數位資產、外匯對、金屬，甚至以前無法存取的數據，如美國股票和 ETF 價格。

Seamless Data Delivery Across Blockchains

跨區塊鏈的無縫資料傳輸

One of the key challenges in the blockchain ecosystem is ensuring seamless data delivery across different blockchain platforms. Pyth has overcome this hurdle through its innovative combination of pull oracle design, Pythnet appchain, and Wormhole cross-chain messaging protocol.

區塊鏈生態系統的關鍵挑戰之一是確保不同區塊鏈平台的無縫資料傳輸。 Pyth 透過拉式預言機設計、Pythnet 應用鍊和 Wormhole 跨鏈訊息傳遞協議的創新組合克服了這一障礙。

Data providers contribute their data to the Pythnet application chain, where it is securely and rapidly aggregated. Users on any Pyth-supported blockchain can then request or pull a Wormhole-signed price update to their native blockchain to power their DeFi transactions.

資料提供者將其資料貢獻給 Pythnet 應用程式鏈，並在那裡安全、快速地聚合資料。然後，任何 Pyth 支援的區塊鏈上的用戶都可以要求或將 Wormhole 簽署的價格更新拉到其本地區塊鏈上，以支援其 DeFi 交易。

This highly scalable design allows all of the world's financial data to converge on the Pyth Network through the onboarding of more and more data providers. The oracle can then deliver signed price data to any number of downstream applications, regardless of their blockchain ecosystem.

這種高度可擴展的設計允許透過越來越多的數據提供者的加入，將世界上所有的金融數據匯聚到 Pyth 網路上。然後，預言機可以將簽署的價格數據傳遞給任意數量的下游應用程序，無論其區塊鏈生態系統如何。

Collaboration and Governance

協作與治理

Pyth's success is not solely due to its technological prowess; it is also the result of close collaboration between its contributors and data provider partners. Data providers undergo rigorous conformance testing to ensure the consistency and reliability of their data feeds.

Pyth 的成功不僅歸功於其技術實力；這也是其貢獻者和資料提供者合作夥伴之間密切合作的結果。資料提供者經過嚴格的一致性測試，以確保其資料來源的一致性和可靠性。

As a decentralized protocol, Pyth's governance mechanism will ultimately determine the addition of new data providers. This participatory approach ensures that the Pyth Network remains responsive to the needs of its users and the evolving blockchain ecosystem.

作為一個去中心化協議，Pyth 的治理機制將最終決定新資料提供者的新增。這種參與性方法可確保 Pyth 網路始終對其用戶的需求和不斷發展的區塊鏈生態系統做出回應。

Conclusion

結論

Pyth Network has emerged as a transformative force in the blockchain ecosystem, driven by its pull oracle architecture, commitment to real-time data, and collaborative governance model. By providing secure, reliable, and accessible real-time data, Pyth has not only empowered decentralized applications but has also transformed decision-making processes in traditional sectors like equities and commodities. As the blockchain industry continues to evolve, Pyth is well-positioned to maintain its leadership role as the go-to infrastructure for real-time data in the Web3 era.

在其拉動預言機架構、對即時數據的承諾和協作治理模型的推動下，Pyth Network 已成為區塊鏈生態系統中的一股變革力量。透過提供安全、可靠和可存取的即時數據，Pyth 不僅增強了去中心化應用程式的能力，而且還改變了股票和大宗商品等傳統行業的決策流程。隨著區塊鏈產業的不斷發展，Pyth 處於有利位置，可以保持其作為 Web3 時代即時數據首選基礎設施的領導地位。