Chapter
The Importance of Decentralized Oracle Networks
46:17 - 55:39 (09:21)
Decentralized Oracle networks create a meta layer between the unreliable world and the reliable world of blockchains, allowing for the development of fraud-proof applications such as DeFi, global trade, and ad networks. They generate different services, including data, payment systems, messaging systems, and computing services, which require an interface on-chain.
Clips
The goal is to create a meta layer between the unreliable world and the highly reliable world of blockchains to provide services for all kinds of computing services.
46:17 - 49:57 (03:40)
Summary
The goal is to create a meta layer between the unreliable world and the highly reliable world of blockchains to provide services for all kinds of computing services. Decentralized Oracle networks generate a lot of services by providing their own computations.
ChapterThe Importance of Decentralized Oracle Networks
Episode#181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks
PodcastLex Fridman Podcast
By layering world services such as market data and weather data, Chainlink and Oracle networks provide decentralized services that allow developers to create fraud-proof systems in DeFi, gaming, trade, and ad networks while also creating transparency in markets and reducing systemic financial risk.
49:57 - 55:39 (05:41)
Summary
By layering world services such as market data and weather data, Chainlink and Oracle networks provide decentralized services that allow developers to create fraud-proof systems in DeFi, gaming, trade, and ad networks while also creating transparency in markets and reducing systemic financial risk.