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

Today on the Brief:Big tech goes to WashingtonThe debate on the next COVID-19 relief act heats upMore 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 contractsThe history of smart contractsWhat 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 See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.