Chronicle, the second largest Oracle provider that safeguards over $5 billion for MakerDAO and its ecosystem, is proud to announce the launch of Chronicle Protocol
“Verifiable Oracles at scale are a critical innovation to ensure the integrity of DeFi,” emphasized Founder Niklas Kunkel. “Powering MakerDAO and Spark’s DAI money markets, Chronicle is unlocking DAI’s strategic transition to the leader in L2 ZK rollups, Polygon zkEVM.”At the core of Chronicle’s mission is verifiability. This rests on the premise that all data should be verifiable, and verification eliminates the need for trust.
Chronicle is committed to curating the highest quality network of Feed node operators that is representative of the leaders in the crypto community. This generates a positive feedback loop of increasing security and decentralization with each additional Feed. Chronicle is an Oracle for the community, powered by the community.Chronicle has been engineered from the ground up for a high degree of scalability. The key innovation is a next-generation Oracle cryptographic primitive called Scribe.
Oracles are currently one of the largest cost centers for blockchains and DeFi protocols. This significant reduction in operation costs paves the way for the first scalable Oracles that deliver real-time and precise data without security trade-offs.The protocol architecture centers around accessibility, offering unparalleled flexibility for blockchain integration and a plug-and-play interface for most current Oracle users.
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