On the evening of June 3, the New York Stock Exchange suffered a technical failure, resulting in serious abnormalities in the price display of some stocks. Among them, the price of Berkshire Hathaway's Class A shares plummeted by nearly 100%, almost to zero, which attracted widespread attention from the market. At the same time, stocks such as Barrick Gold and Newcastle Power were also affected, and the trading price also plummeted by about 99%. Subsequently, the New York Stock Exchange quickly suspended trading of these stocks to stabilize market sentiment.
This incident once again highlighted the fragility of the highly centralized architecture of the traditional financial system. In contrast, the price feed system of cryptocurrency exchanges has shown its unique advantages. These exchanges mainly rely on distributed oracles for pricing. Even if a certain oracle node fails or is attacked, it will not affect the pricing system of the entire exchange. This is the superiority of blockchain technology, which improves the stability and security of the system through decentralization.
Therefore, this incident is undoubtedly good news for the oracle sector. As an important part of blockchain technology, oracles will be more and more widely used in cryptocurrency exchanges. With the continuous development of the market and the continuous advancement of technology, the oracle sector is expected to usher in more development opportunities. Among them, oracle projects such as $LINK , $API3 and $PYTH are worth paying attention to. They have broad application prospects and huge market potential in the blockchain field.
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