Blockchain's Unseen Backbone Securing Billions of Dollars in Value - Decrypt


18 Sep 2023 12:01 PM

Chronicle Protocol aims to redefine the oracle space with Scribe, when it launches to the public this month. (Sponsored post by Chronicle Protocol)...

  • Chronicle Protocol's Scribe, launching in September, is a next-generation oracle cryptographic primitive.
  • It aims to address challenges in oracles, such as scalability, transparency, and decentralization.
  • Scribe reduces gas fees for oracle operations by 60% on Ethereum and over 68% on Layer 2s.
  • It offers features like subscribing and unsubscribing to oracles on-demand, verifying data sources, and integrating with supported blockchains.
  • Chronicle Protocol emphasizes verifiability and transparency, with an on-chain dashboard and a Verify function.
  • The protocol also includes fraud proofs and incentivizes users to police the network.

The article highlights the positive aspects of Chronicle Protocol's Scribe, such as its innovative approach to reducing gas fees, addressing challenges in oracles, and emphasizing verifiability and transparency. Overall, the sentiment is positive.

Go to publisher site

You May Ask

What is Chronicle Protocol's Scribe?What challenges do oracles face?How does Scribe reduce gas fees for oracle operations?What features does Scribe offer to enhance verifiability and transparency?How does Chronicle Protocol incentivize users to police the network?

Suggested Reads