BREAKDOWN: How DeFi Could Disrupt Traditional Finance, Feat. Sergey Nazarov

Imagine a world without counterparty risk... Chainlink's co-founder shares why the move from brand-based contracts to math-based contracts is inevitable.

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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

This episode is sponsored by Bitstamp and Crypto.com.

“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