Cardano Brings Pyth Oracles On-Chain In First Pentad Integration
PositiveCryptocurrency
- Cardano has integrated Pyth Oracles on-chain as part of its new Pentad structure, which aims to enhance the ecosystem's governance and infrastructure. This integration was announced by founder Charles Hoskinson during a livestream on December 11, marking a significant step in establishing a more robust oracle framework within the Cardano network.
- The integration of Pyth Oracles is crucial for Cardano as it seeks to improve its external oracle infrastructure, which is essential for the functionality of decentralized applications and smart contracts. This move signals a commitment to more structured governance and operational stability in the ecosystem.
- This development comes at a time when Cardano is navigating a challenging market environment, with its ADA token experiencing price fluctuations. The integration of oracles is seen as a strategic effort to bolster the platform's capabilities, especially as the company prepares for significant projects like the Midnight launch and aims for a $10 billion ecosystem by 2026.
— via World Pulse Now AI Editorial System
