Axiom, the historical data protocol for Ethereum, has completed a $20 million Series A funding round led by Paradigm and Standard Crypto.

BlockBeats reported on January 25th that Axiom, a historical data protocol for Ethereum, has completed a $20 million Series A financing round led by Paradigm and Standard Crypto. The funds will be used for team development and platform development. It is reported that Axiom is a new protocol that uses zero-knowledge proofs (ZK proofs), a type of cryptographic proof that can confirm that a transaction has occurred without revealing transaction details, to access historical data on the Ethereum network.