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

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
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