Today on the Brief:
Big tech goes to Washington
The debate on the next COVID-19 relief act heats up
More on institutional investors’ move into gold
“Imagine a world without counterparty risk.”
That was Chainlink co-founder Sergey Nazarov’s answer when asked to describe the true disruption of decentralized finance to a traditional finance audience.
On this episode of The Breakdown, Sergey and NLW discuss:
Brand-based contracts vs. math-based contracts
The history of smart contracts
What it means to build an “abstraction layer” for “universally connected smart contracts”
Key moments in the history of smart contract infrastructure
Where smart contracts and DeFi are in terms of analogies to the early internet
Why Sergey believes traditional finance will inevitably shift to a math-based contract model
Find our guest online:
Website: Chainlink
Twitter: @SergeyNazarov
