Oct 29, 2021 • 43M

Podcast Conversation: Chainlink Co-Founder Sergey Nazarov on building the global decentralized oracle network powering DeFi and Web3

Open in playerListen on);
Finance is being pulled apart by the forces of frontier technology. From AI, to blockchain, crypto and DeFi, to mixed reality, chatbots, neobanks, and roboadvisors — the industry will never be the same. Here is the blueprint for navigating the shift.

Hi Fintech Futurists,

Welcome back to our podcast series! For those that want to subscribe in your app of choice, you can now find us at Apple, Spotify, or on RSS. If you enjoy it, throw us a rating here — it helps spread the word!

Rate the Blueprint Podcast

In this conversation, we chat with Sergey Nazarov. Sergey Nazarov is Co-founder of Chainlink, the leading decentralized oracle network used by global enterprises & projects at the forefront of the blockchain space.

Chainlink is the industry standard oracle network for powering hybrid smart contracts. Chainlink Decentralized Oracle Networks provide developers with the largest collection of high-quality data sources and secure off-chain computations to expand the capabilities of smart contracts on any blockchain. Managed by a global, decentralized community, Chainlink currently secures billions of dollars in value for smart contracts across decentralized finance (DeFi), insurance, gaming, and other major industries.

More specifically, we touch on what it means to build in DeFi, what Oracles are like, what smart contracts are and what they enable, how all of this works and where the protocol is going, and so much more!

Chainlink's Latest Upgrade 'A Rapid Evolution' for DeFi: CEO Sergey Nazarov  - Decrypt
ChainLink Price Analysis - Strong fundamental metrics support price gains »  Brave New Coin

Help others get deeper in Fintech & DeFi by sharing this newsletter via the botton below. Our value prop is simple: experienced judgment, accurate vision. If you knew the shape of the tomorrow, what would you do today?

Upgrade to Premium

In Partnership With:

M1 is the Finance Super App that puts you in control of your wealth. Invest, borrow, and spend your money how you want with sophisticated, automated tools to help you reach your financial goals more easily. Investing in securities involves risks, including the risk of loss. Borrowing on margin can add to these risks. M1 Finance LLC, Member FINRA/SIPC. Click here to get started.

Sneak Peek:

Sergey Nazarov:
…And then the entire industry really shifted to tokens because tokens was the functionality, but I just stuck with that definition. And even if architecturally you look at what defines a smart contract, in the early days, it would probably be one piece of code. So, it'd be one smart contract. And then it expanded to be two smart contracts, the main contract and the multisig. And then it expanded to three contracts, the main contract, the multisig and the dow voting scheme. And then it expanded to those three on chain contracts and an off-chain Oracle network that powered it with events. And now it's actually expanded to multiple Oracle networks. So, we have smart contracts that use the Chainlink networks of which there are hundreds now, going to thousands I think pretty soon. We have smart contracts that actually use multiple Oracle networks for different data. And they use an Oracle network for automation through something called keepers, and they use an Oracle for something like random number generation.

77 Smart Contract Use Cases Enabled by Chainlink

So, you actually started to see a definition now where a smart contract from an architectural point of view is very similar to a web application. If you were to say…

More? So much more!

Share The Fintech Blueprint