Decoding On-Chain Oracles
Oracles are vital infrastructure for the Web3 ecosystem, bridging and verifying data between blockchains and the world outside.
Blockchain Oracles act as gated bridges, connecting blockchains to the external world. These bridges verify and transport data, allowing it through once the truth has been identified via consensus. Oracles are not data sources but intermediaries ensuring the truth of information, such as price data or voting results. Without on-chain Oracles, blockchain apps would be isolated and limited to accessing data only within their local network.
Introduction: Chronicle Protocol in a Nutshell
Chronicle Protocol stands as a pioneer in Oracle solutions, with a rich history of innovation, including the invention of the first Oracle on Ethereum. This blockchain-agnostic protocol has overcome the limitations of on-chain data transfer, developing the first truly scalable, cost-efficient, decentralized, and verifiable Oracles. The protocol is rewriting the rulebook on data transparency and accessibility.
Mission: Frictionless, Decentralized & Verifiable Infrastructure
Chronicle’s high-level, long-term mission is to develop frictionless, decentralized, and verifiable infrastructure for all on-chain data transmission.
Chronicle envisions a world where all data is verifiable, censorship-resistant, and ubiquitously accessible. This commitment lies in delivering data securely, on demand, and putting users in control of their Oracle-related cost center. Chronicle is defined by a drive toward a decentralized future, where convenience no longer comes at the expense of true decentralization or verifiability.
Building the Future of On-Chain Infrastructure
Chronicle Protocol is actively shaping the future of on-chain infrastructure, constructing verifiable and decentralized data highways, and empowering individuals and organizations with unfettered and uncensored information. Chronicle Oracles marks a paradigm shift in access to scalable, secure, resilient, and affordable on and off-chain data.
Alleviating user’s on-chain Oracle pain points
Chronicle Protocol is designed for those who demand transparency in their data sources, and who seek to hedge against increasing centralized control and censorship. It is for those who find current on-chain data access too costly and a hindrance to growth. Chronicle Protocol operates automatically and ubiquitously, connecting users needing immediate and verifiable data with a gold standard of Validators to trustlessly source it.
What is Chronicle Protocol?
Chronicle Protocol is a novel Oracle solution that has exclusively secured over $10B in assets for MakerDAO and its ecosystem since 2017. With a history of innovation, including the invention of the first Oracle on Ethereum, Chronicle Protocol continues to redefine Oracles. A blockchain-agnostic protocol, Chronicle overcomes the current limitations of transferring data on-chain by developing the first truly scalable, cost-efficient, decentralized, and verifiable Oracles, rewriting the rulebook on data transparency and accessibility.
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