“Imagine a world without counterparty risk…” – Chainlink’s co-founder shares why the move from brand-based contracts to math-based contracts is inevitable.
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 Disclosure
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