Chainlink Economics 2.0 and the Market for Trust-Minimized Apps | Sergey Nazarov at Consensus 2022
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- čas přidán 2. 07. 2024
- In this presentation from Consensus 2022, Chainlink Co-founder Sergey Nazarov discusses the massive societal shift toward cryptographically-guaranteed relationships and the role of oracles in this transition. Revisiting the increasing loss of faith in traditional institutions and the rise of end-to-end encryption as a new minimum standard, Nazarov explains how trust-minimized applications, powered by oracle infrastructure, are reformatting digital relationships and poised to become the largest technology market in the world.
Nazarov also provides an overview of Chainlink Economics 2.0-a new era of sustainable growth and security for the Chainlink Network-highlighting the decreasing costs of operating oracle networks, the flow of revenue from Chainlinked dApps, and how stakers can be rewarded for supporting the network. This virtuous cycle of smart contract adoption powered by Chainlink innovation is the flywheel for enabling a cryptographically-guaranteed society, a new technological order that the world has been waiting for.
00:00 - The Restoration of Trust via Cryptographic Guarantees
4:05 - Cryptographic Truth Is Strictly Better than Paper Promises
4:49 - All Digital Agreements Will Require a Cryptographic Guarantee
6:38 - Trust-Minimized Applications: The Future of All Digital Agreement
8:16 - The Market for Trust-Minimized Applications Is Hundreds of Trillions
9:53 - Oracle Networks Provide Trust-Minimized Computing
13:45 - Off-Chain Assets Placed On-Chain via Proof of Reserves
14:38 - More Smart Contracts Need More Decentralized Services
18:14 - Costs Continue to Decrease for Providing Decentralized Oracle Networks
21:39 - Chainlink Economics 2.0: Fees and Staking Grow With Smart Contract Usage
23:04 - Planned Roadmap for Chainlink Staking
24:17 - The Evolution of Chainlink as a Cryptographic Truth Source
29:38 - Exploring the Future of Cryptographic Guarantees at SmartCon 2022
Chainlink is the industry-standard decentralized computing platform powering the verifiable web. Chainlink has enabled over $10 trillion in transaction value by providing financial institutions, startups, and developers worldwide with access to real-world data, offchain computation, and secure cross-chain interoperability across any blockchain. Chainlink powers verifiable applications and high-integrity markets for banking, DeFi, global trade, gaming, and other major sectors.
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For those of you reviewing this years from now, yes, we always knew. We are looking, and for many of us, have been looking, at the face of the father of the fourth industrial Revolution.
In plain sight.
yeah all my chips are in chainlink
not leveraged lol
Stop smelling your own fArts
cringe
There is nearly no doubt that Chainlink is like Apple in the 80s, or Amazon in the 90s, or Tesla in 2010. Except that the potential is even bigger.
you missed the most obvious one - its the new Google (hence why Eric Schmidt has joined as an advisor)
When Bezos was finding investors, the question he answered more than any other was, “What is the Internet”?
What is a smart contract? What is an Oracle network? What is a cryptographic guarantee? Just think about it.
Strap in lads, it's gonna be a hell of a ride.
Still here! Happy to see Sergey as always! Go Chainlink!
so based guys!!! we are at the best place right now.
Sergey doing gods work!
With Chainlink you just win!
Immersive talk. they're hitting every angle , titan of industry unfolding
Imagine looking into the network activity as it's buzzing in 2030 with the new economy evolved, doing unbelievable numbers of data movement/generation in all industries. Will be surreal to see what it became
Great presentation Sergey! I have a feeling the term "cryptographic guarantee" will become a common term within the next few years.
This was the best articulation of oracles I have ever heard. Thank you so much!
Amazingly intelligent articulation as per usual from Sergey and his presentations. Staking is one of the least important topics chainlink and Sergey spend time on compared to the industry and economic saving technology they are developing.
Floyd buddy!
Brilliant ! ChainLink is one of those projects which have enormous potential and fundamentals and Sergey Nazarov is the right person in the right place ! Much appreciated !
Sergey is such an eloquent speaker
The future isnt going to be as bad as we tought. 🤝
What about if governments and other consortia can do all deals with end to end encryption with no public scrutiny? Which is basically what we have now, but this guarantees secrets kept unless you have the credentials to view them.
@@paulsull6481 there are always two sides of a coin. the time is coming when mankind wont let do everything with themself. at least I hope we ware going to the right direction with a brighter future...
@@paulsull6481 that just depends on people rebelling against that. More so we need the big "public" companies to have their deals actually "public". Private Companies are even more walled off than the government.
Vision and mission like any other.
Awesome, thanks : )
Thank you!
Thank you very much for your detailed breakdown, Sir! Very appreciated!
Love the passion and drive to provide true trust.
Thank you🎉
Great video love the passion and dedication
Happy to be here! singularity soon ♾
Chainlink in 3-10 yrs. You better have some
🙏🏻🔥
Can i call this immutable trust? Chainlink will be the standard and stay the standard for many years to come.
Beast!
Fuck, I need more. Chainlink, never enough.
Obviously useful information, and the safest and most reliable way to communicate is to use the decentralized Utopia p2p ecosystem.
Oh yeah baby
Chainlink is the future
I like 👍🏽 it 👨🏻💻
He's got the meat-sweats.
6:45. Where does FTX fit on this chart? and what can be done to make sure it doesn't happen again
no loss protection until v2 is scary!
Choose your nodes wisely. That's why i'm staking with someone who's been there from the start.
Based Sergey doesn't care about showing up in person at this cookie cutter normie expo
🥩🥩🥩🥩🥩🥩🐸🐸🐸🐸🚀🎯🌕
I@M GOING TO COOOM
777
110% hard after hearing this haha
Most people in the cryptoverse are in for the quick money,most are ignorant coz they dont want to have extensive knowledge.. They prefer youtube influencers who some will lie and pump them up with lies so that they buy more coins
Sergey is either chainlink Superman and has a closet full of the same shirt orrrrr he is an AI-deep fake and that’s the default shirt he comes with 🤣🤣
1k EYO
Jesus Christ... that's Jason Bourne.
I'm fucking tired sergey.. you betrayed us..
How are these blatant scammers still allowed to peddle this rubbish?
Why is chainlink scammers?
This man must be stopped