, smart contracts could no longer access historical on-chain data. Oracles, commonly deployed to bring off-chain data on the blockchain, like Chainlink and Uniswap, are also attempting to solve this problem.offerings are expensive and slow due to computational limitations of the current technology
. According to Sun, Axiom's co-founder, traditional oracles make trust assumptions to bring off-chain entities on-chain, which puts a dent in the accuracy of the transmission. The coprocessor does away with these limitations by processing data off-chain and then transporting them on the main chain accurately with ZK proofs. The possibility of a ZK proof producing an erroneous result is 1/ – small enough to essentially be non-existent, said Sun.
With the mainnet alpha release, developers can query block headers, accounts and contract storage on Ethereum mainnet via the Axiom explorer application. They can also use the explorer to build their own applications. The data processing currently occurs on the Ethereum Virtual Machine, and the startup is “working with early partners to perform trustless compute over this data in ZK,” says Axiom’sAxiom will enable the development of truly “data rich” applications on Ethereum, says the site.
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