Chronicle Protocol – Decentralized and transparent oracle infrastructure | Fundamentals ep.69

Fundamentals

In this episode of the Fundamentals podcast, we’re joined by Niklas Kunkel, the Founder of Chronicle – an oracle service born out of MakerDAO’s Oracle Core Unit that will be launching publicly in September 2023. To cover the basics, Oracles are decentralized networks that bridge critical information from the real world to the blockchain. Chronicle currently provides exclusive support to MakerDAO’s total user deposits of $5.2b, meaning that it has captured a 22% market share of the total value secured by oracles, making it the second largest oracle behind Chainlink. In this episode with Niklas, we discuss what Chronicle is and the story behind it, how it works, and what sets it apart from other Oracle solutions on the market. We speak about ensuring hyper-scalability and ensuring the security of the protocol after which we cover Chronicle’s business model, quantify the market opportunity at hand, learn about the team behind the protocol, and hear what Niklas thinks will be the biggest drivers and challenges related to growth. Finally, we speak about how Chronicle’s relationship with MakerDAO will develop going forward, and what we can expect to see coming out of Chronicle Labs over the next few months.

Check out the Chronicle Dashboard: https://chroniclelabs.org/dashboard

Chronicle Labs: https://chroniclelabs.org/ X (Twitter): https://twitter.com/ChronicleLabs Niklas: https://twitter.com/nomos_paradox Make sure to leave a comment if you have any questions 🙌 📊 Token Terminal platform: ► https://www.tokenterminal.com/ ----------------------------------------- 💬 Join our Discord: ► https://discord.com/invite/tokenterminal ----------------------------------------- 📱 Follow us on Twitter: ► https://twitter.com/tokenterminal ----------------------------------------- 📩 Subscribe to our Newsletter: ► https://tokenterminal.com/resources ----------------------------------------- Timestamps: 00:00 Introduction 01:42 Chronicle’s mission 04:10 From MakerDAOs Oracle Core Unit to being the Chronicle Protocol 07:27 Maker-grade quality 08:39 Chronicle’s position within the market & unique selling propositions 14:59 Achieving hyper-scalability with Scribe: a 66% reduction in gas usage 26:09 Chronicle’s approach to building a truly secure protocol 28:26 Chronicle’s business model 31:01 Quantifying market potential 37:56 The team behind Chronicle 40:01 What will Chronicle’s relationship with MakerDAO be like going forward? 42:39 Expected challenges and growth drivers post-launch 45:04 The biggest learnings Niklas has taken away from his time building in crypto 48:24 Upcoming milestones: Scribe, RWAs, and expansion … Crypto redefines the way businesses are built and operated. Token Terminal gives you the tools to evaluate and track the most promising projects. The following content is meant purely for educational and informational purposes, and should not be relied upon as financial, investment, legal, tax, or any other professional advice. The authors of this content, or members, affiliates, or stakeholders of Token Terminal may be participating, or are invested, in protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol. None of the content and information herein is presented to induce or to attempt to induce any reader or other person to buy, sell or hold any token or participate in any protocol or enter into, or offer to enter into, any agreement for or with a view to buying or selling any token or participating in any protocol. Token Terminal accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content.

This episode is sponsored by Chronicle Labs. #Chronicle #Oracle #Fundamentals #Blockchain #Crypto #TokenTerminal