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✅ Question 01/10:
What is the main purpose of the Pyth Network?
✔️ Answer: To provide accurate real-time financial data directly from the source to blockchain networks.
✅ Question 02/10:
What makes the Pyth Network unique compared to other oracle networks?
✔️ Answer: It receives data directly from original sources rather than aggregating it from public sources.
✅ Question 03/10:
What future model is the Pyth Network exploring for institutional adoption?
✔️ Answer:
B) Subscription service for real-time financial data like Bloomberg.
✅ Question 04/10:
What is meant by "Publisher" in the Pyth Network?
✔️ Answer: An entity that provides data to the network directly from the source.
✅ Question 05/10:
How does the Pyth Network ensure data accuracy?
✔️ Answer: By aggregating data from multiple sources and quality monitoring.
✅ Question 06/10:
What is the role of PYTH tokens in the network?
✔️ Answer: They are used for participating in governance, paying fees, and incentivizing data providers.
✅ Question 07/10:
What is the primary chain that the Pyth Network started on?
✔️ Answer: Solana.
✅ Question 08/10:
What are some governance decisions made by the decentralized independent Pyth organization?
✔️ Answer:
B) Making decisions about on-chain and off-chain fees, asset coverage, and storage mechanisms.
✅ Question 09/10:
How can users access Pyth data?
✔️ Answer: Through smart contracts or application programming interfaces (APIs).$BTC $ETH $