About

Chronicle Protocol is a blockchain-agnostic oracle solution that aims to provide transparent, scalable, and cost-effective data transmission for decentralized applications. Key features of Chronicle Protocol include:

• Verifiable Data: The protocol emphasizes verifiability, allowing users to track data origins intuitively and provably through an on-chain dashboard called "The Chronicle."
• Cost Efficiency: Utilizing a unique cryptographic primitive named Scribe, Chronicle reduces gas fees by over 60% on Layer 1 and 68% on Layer 2.
• Decentralization and Security: It operates through a community-powered consensus network of validator nodes operated by leading companies in the blockchain space.

History

Chronicle Protocol was founded in 2017 by Niklas Kunkel, who co-developed the first Oracle on Ethereum. Over the next several years, Chronicle served as an exclusive oracle for MakerDAO, securing DeFi and RWA assets and contributing to the protocol's growth.

In July 2023, Chronicle Labs received a grant from MakerDAO to open the decentralized oracle network outside the Maker ecosystem. Following this, in August 2023, a security audit conducted by ChainSecurity resulted in a positive rating for Chronicle's codebase.

The public launch of Chronicle Protocol occurred on September 5, 2023, marking the availability of its oracle services to Web3 developers. This launch introduced its primary new product, Scribe, which focuses on providing efficient and verifiable data transmission.

Chronicle continues to expand, integrating across the EVM, and serving customers across the DeFi and tokenized asset space, such as Spark, Morpho, Euler, Coinbase, Circle, and Superstate.