In this episode of CRYPTO 101, we talk with Luca Cosentino from Oasis Protocol about smart contracts. Smart contracts power the DeFi ecosystem on the backend. Even if Uniswap or other DEX front-ends were to be seized or shut down, the trading would still continue and new interfaces would pop up somewhere else the very next day (or sooner).

Oasis offers private smart contracts, a potentially revolutionary step forward in security. Crypto has two major conflicting ideologies, transparency vs privacy. Each use case seems to have a good argument for either, or sometimes both. Luca shares his thoughts on the advantages of private smart contracts, as well as the full-featured open finance ecosystem being built at Oasis.

The hot topic of the day is, can Ethereum scale, and when? We get some insight from someone knowledgeable in the field. We also learned about a novel concept called Tokenized Data, and what may allow users to sell their data that they currently (and often unknowingly) give away for free today.

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