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You cannot use the built in caching capabilities of TimesTen in this scenario. if you wish to use Timesten you will need to write your own application code to move data between TimesTen and Oracle and to keep them synchronised. Depending on your requirements this may be quite simple to do or it may be fairly complex.
can anyone pls tell if we can create database link for Timesten to communicate with mySQL?
There is no opportunity to create a database link to any database. You can use XLA application for transferring changes from TimesTen to MySQL.