Traditionally, dApps struggled to access and utilize Ethereum's historical data on-chain. Relic Protocol bridges this gap by offering a novel solution:

• Trustless Historical Data Access: Relic Protocol leverages zk-SNARKs (zero-knowledge proofs) and Merkle-Patricia Tries to enable dApps to verify the validity of historical data on-chain without relying on any third-party authorities. This fosters trust and transparency within the DeFi ecosystem.

• Scalable On-Chain Verification: Relic Protocol prioritizes efficiency. Its smart contract design optimizes gas usage, ensuring cost-effective historical data access for dApps built on the protocol.

• Unlocking New dApp Functionalities: By providing secure and trustless access to historical data, Relic Protocol empowers developers to create innovative dApps with features like:

  • Fully On-Chain Identity and Reputation Systems: dApps can leverage historical data to create on-chain reputation scores or identity verification mechanisms.

  • On-Chain Snapshot Voting: Historical data can be used to determine voting eligibility or weight votes based on past participation.

  • Trustless Price & Volatility Oracles: By analyzing historical price data on-chain, dApps can potentially create more reliable and secure price oracles.

Key Features:

• Trustless Historical Data Access: Verify historical data on-chain without relying on third parties.

• Scalable On-Chain Verification: Cost-effective access to historical data for dApp development.

• Empowers Innovative dApp Functionalities: Enables features like on-chain identity, snapshot voting, and trustless oracles.