Pyth Network, an oracle network that offers blockchains with high-frequency pricing data, has undergone a major transformation. It has transitioned from operating on the Solana blockchain to its own blockchain called Pythnet, which is constructed using Solana’s codebase. The initial protocol design, as outlined in the original whitepaper, was primarily tailored for the Solana blockchain. However, the second version of the whitepaper has been updated to align with the current state of the Pyth ecosystem. Notably, this revised version introduces an innovative cross-chain model for delivering price data to the designated chains.
