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Pyth Network, a well-known oracle solution based on blockchain, has recently announced an exclusive development. As per the company, it is joining forces with Tabi (a modular gaming layer 1 on Cosmos) which operates as a scalable blockchain using a proof-of-stake consensus mechanism. The platform took to its official account on social media forum X to provide the details of this endeavor.
Pyth Network and Tabi Collaborate to Offer Support for Several dApps with Fairness and Security
It noted in its latest X post that Tabi has complete compatibility with the Ethereum Virtual Machine. In addition to this, it has integrated Pyth’s secure and reliable on-chain randomness source “Entropy.” The respective integration into Tabichain denotes a remarkable achievement for the company. It enables the firm to support a broader range of dApps along with improving the consumer experience.
Let the games begin on Tabichain with Entropy 🎲@Tabichain is a scalable Proof-of-Stake blockchain, fully compatible with the Ethereum Virtual Machine (EVM) and has integrated Entropy, Pyth’s reliable and secure source of on-chain randomness.
— Pyth Network 🔮 (@PythNetwork) July 17, 2024
Learn more about our deployment… pic.twitter.com/tcxqAmeYPr
Additionally, it also builds trust among the clients for the capabilities of the platform. On-chain randomness plays a crucial role in applications requiring unpredictability. They include lotteries, gaming, and the rest of the protocol requiring fair selection or distribution procedures. Tabi CEO Xavier also commented on this development.
The Partnership Paves the Way for Exclusive Developments for the Blockchain Ecosystem
As per him, Tabi is determined to back Web3 gaming and conventional Web2 gaming entities pursuing entrance into the sector. The executive labeled Pyth Entropy as the perfect collaborator for Tabi with the provision of advanced oracle solutions. The collaboration between both companies represents the synergy between the latest technology as well as the practical application. This results in innovative developments concerning the blockchain ecosystem.