Axiom secures $20m for Ethereum data access
Axiom, an emerging Ethereum data protocol, has secured $20 million in Series A funding for zero-knowledge proofs. A key technological underpinning of Axiom is its utilization of zero-knowledge proofs (ZK proofs). These cryptographic tools verify transactions without disclosing their specific details. They are instrumental in enabling Axiom’s method of access ing and processing Ethereum’s historical data. At the core of Axiom’s innovation is its ability to grant smart contract developers the capacity to retrieve historical Ethereum data. The data is then processed externally, off the main blockchain network. This approach enhances efficiency and addresses some of the inherent limitations of Ethereum’s smart contracts, specifically their inability to access older blockchain data directly. We're excited to announce we've raised $20 million led by @paradigm and @standardcrypto, with participation from @robotventures and @etherealvc We are building infra...