Originating from the MakerDAO Oracle Core Unit in 2023, Chronicle Protocol offers a blockchain-agnostic solution designed to provide scalable, secure, and high-quality data. Central to this innovation is Scribe, a groundbreaking Oracle architecture developed by Chronicle Labs. Scribe is founded on five essential principles: scalability, transparency, accessibility, resilience, and a redefined focus on security, emphasizing robustness over mere resilience. Chronicle addresses the critical issues faced by traditional oracles, including their inability to scale cost-effectively, lack of transparency and genuine decentralization, and the complexities involved in implementation. With Chronicle, you can expect a next-generation oracle solution that significantly reduces gas fees—over 60% on Layer 1 and more than 68% on Layer 2—making it not only a powerful tool for MakerDAO but also a transformative force in the DeFi landscape.
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