In this presentation, Chainlink Co-founder Sergey Nazarov discusses the fundamental need for deterministic cryptographic truth over the current system of probabilistic paper-based guarantees, and how LINK is facilitating this crucial societal transition.
Nazarov explains how LINK has come to secure over $75 billion by providing secure and reliable off-chain data and computation services to dApps, and then details plans for cross-chain interoperability using CCIP, the upcoming release of staking, and the use of LINK as an abstraction layer by Web 2.0 and enterprises.
0:00 Why Cryptographic Truth Is the Future of Agreement
21:52 The Benefits of a Globally Interconnected System of Smart Contracts
24:50 The Dangers of Paper Guarantees
30:10 How Chainlink Is Building a World Powered By Truth
37:35 Past Growth and Future Trajectory of the Chainlink Network
58:10 The Cross-Chain Interoperability Protocol (CCIP) and Cross-Chain Smart Contracts
1:05:31 Staking and Oracle Network Economics
1:18:22 The Market for Smart Contracts
1:23:09 Chainlink as a Cryptographic Truth Machine
Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications.
Chainlink currently secures tens of billions of dollars across DeFi, insurance, gaming, and other major industries, and offers global enterprises and leading data providers a universal gateway to all blockchains.