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 

“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