【Crypto World】The U.S. Department of Commerce has decided that starting from 2025, key economic indicators such as GDP, non-farm employment data, and CPI will be directly published on public blockchains like Bitcoin, Ethereum, and Solana. This initiative is backed by an important partnership—they have teamed up with Pyth Network to utilize cryptographic verification mechanisms to enhance data authenticity and circulation efficiency.
The head of Pyth Network has stated, what does this move signify? Washington is undergoing a fundamental shift in its approach to data modernization and public infrastructure development. In simple terms: moving from reliance on private systems to open public blockchains. This is not only a technological upgrade but also a recognition of blockchain transparency. For the entire ecosystem, this marks another milestone in traditional finance embracing Web3.
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fren_with_benefits
· 11h ago
Is it true that official US government data is really going on the chain? Are these guys serious?
Washington has finally woken up, or is this just a marketing gimmick?
GDP on Bitcoin... imagine that scene, it's a bit crazy.
Pyth is really impressive this time, directly moving government data onto the public chain.
If it becomes truly transparent, then those data manipulation spaces might also disappear.
I think I need to wait a bit longer on holdings; it might take another year or two for this to really land.
Is this the biggest victory for Web3, or is it just a gimmick...
But on the other hand, putting government data on the chain really changes the game.
It's Sol and Ethereum again, how's BTC feeling?
2025 is coming, and it feels like this year will be very different.
Has traditional finance really given up? I need to see what actions they take next.
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OnChainDetective
· 13h ago
wait hold up, let me trace this transaction flow first... us government dropping economic data on-chain? wallet clustering patterns suggest this could be either genuine infrastructure modernization or the most elaborate liquidity pump setup i've seen in years, ngl
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OnchainHolmes
· 18h ago
Po County officials are really starting to play with blockchain, while the US is still hesitating. Washington's move this time seems to be serious.
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WalletWhisperer
· 18h ago
Whoa, is this for real? The US government has gone on-chain? Traditional finance must be really scared now.
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OnChainArchaeologist
· 18h ago
Wait, is the US government really planning to put economic data on the blockchain? This can't be serious...
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MerkleMaid
· 18h ago
No way, is the US official data really going on the chain? This time traditional financial mechanisms are completely out of tricks haha
Wait, does this mean the space for data manipulation is reduced... I'm a bit looking forward to it
How reliable is the verification mechanism developed by Pyth, it still depends on how it is implemented later
Oh my sisters, this is really a big event, Web3 is finally no longer a niche hobby
If GDP data is on the chain, then I need to rethink my investment strategy
The US government must have figured something out behind this; transparency is definitely worth pursuing
I'm telling you, is Solana afraid of competition... Ethereum is secure this time
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DefiEngineerJack
· 18h ago
wait hold up... us commerce dept actually publishing macroeconomic data on-chain? that's... actually™ fundamentally different from what we've been seeing. not just another corporate blockchain announcement, right?
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ValidatorViking
· 18h ago
ngl, if US gov actually puts macroeconomic data on-chain through pyth, the validator set gonna face some serious slashing risk scenarios we haven't battle-tested yet. consensus finality on economic data? that's a whole different beast from tx throughput.
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SchrodingerAirdrop
· 18h ago
No way, is the US government really putting economic data on the blockchain?
Is this for real? Has Washington finally come around?
Wait, does this mean I should hold some Solana...
Official data on the chain, those old-school traditional finance dinosaurs must be really uncomfortable haha
If this is true, the crypto world might really take off this time
GDP on the public chain? Then our wallets are probably safer too
I can't believe it, I need to wait for official confirmation
If this protocol has issues, hackers will be thrilled
Suddenly I feel like the coins I hold are worth a bit more
Pyth really made the right bet this time, this wave of hype will definitely be intense
U.S. official economic data on the chain: GDP, CPI to be released soon on Bitcoin and Ethereum
【Crypto World】The U.S. Department of Commerce has decided that starting from 2025, key economic indicators such as GDP, non-farm employment data, and CPI will be directly published on public blockchains like Bitcoin, Ethereum, and Solana. This initiative is backed by an important partnership—they have teamed up with Pyth Network to utilize cryptographic verification mechanisms to enhance data authenticity and circulation efficiency.
The head of Pyth Network has stated, what does this move signify? Washington is undergoing a fundamental shift in its approach to data modernization and public infrastructure development. In simple terms: moving from reliance on private systems to open public blockchains. This is not only a technological upgrade but also a recognition of blockchain transparency. For the entire ecosystem, this marks another milestone in traditional finance embracing Web3.