The pythetwork is a classic example of a blockchain oracle supporting the functionality of defi apps and smart contracts operating on blockchain platforms. Through a network of computers, blockchain oracles infuse important data into compatible blockchain ledgers that record decentralized financial transactions using cryptocurrencies like Ethereum, Cardano, NEO, EOS, Polygon, Solana, Tron or Tezos.
Aside from describing Pyth Network’s data feeds, this article discusses in brief, some examples of the oracle’s products and services. All of 
which work toward verifying and ascertaining if the conditions specified in a supported smart contract or defi transaction have been fulfilled. That way, the blockchain platform will automatically execute the actions agreed to by the contracting parties involved in the blockchain-based financial transaction.
Other Capabilities of the Pyth Network as a Blockchain Oracle
The Pyth Network is capable of working with multiple blockchain platforms by connecting more than a hundred first-party publishers of market data to smart contracts and other decentralized applications. The oracle uses a suitable programming language to deploy the necessary data.
Other examples of the products and services provided by Pyth Network to smart contract and defi apps developers, include but are not limited to the following:
Price Feeds – provided by blockchain oracles refer to real time pricing information for different classes of cryptocurrencies and digital assets like commodities, equities and cryptocurrencies. Price feed data are collected from various trusted financial data sources, including some of the world’s biggest cryptocurrency exchange platforms.
Benchmark data refers to Pyth Network’s archive of historical price feeds that a blockchain platform can retrieve in order to satisfy queries about historical pricing data; including the data and time the Pyth price info was displayed and published. Pyth’s historical price feeds may be used as on-chain or off-chain benchmarks to satisfy a contract requirement or to consummate a decentralized financial settlement.
Express Relay is a core oracle natural progression product designed to reduce the resources and time required in launching searches for reliable information about competitively priced transactions. Pyth’s Express Relay is also being used by asset liquidators and miners to ensure that maximum value will be extracted and added to the blockchain ledger.
Entropy is a Pyth Network capability of generating secure random numbers that enable developers to rapidly build applications for games and for collectible and mint non-fungible tokens (NFT) offered via the blockchain platform. Rapid development ensures that users like application developers can sell and trade their digital assets in no time at all. Developers can freely use Pyth Network’s Entropy in generating random numbers that they can integrate in their application in a matter of minutes.
