Chainlink Creator Wants To Present A Decentralized Foundation In The Future

Sergey Nazarov, creator of cryptocurrency Chainlink (LINK), recently revealed his vision for a decentralized oracle network and the future of crypto to the public.

JAKARTA Sergey Nazarov, creator of cryptocurrency Chainlink (LINK), recently revealed his vision for a decentralized orchestra network and the future of crypto to the public.

Nazarov said that the crypto industry was still in its early days. He demonstrated Chainlink's success in bringing real-world data into a decentralized network was part of the start. Nazarov made this view in an interview with Bankless.

I think tokens and holdings, whether they're equity tokens or utility tokens, are just the beginning. Our goal with Chainlink networks is to improve everything, and I'm very proud that we have a huge impact on that, in DeFi (decentralized finance) insurance and fraudulent durability games, in the carbon credit market a number of places, Nazarov said, quoted by The Daily Hodl.

Nazarov said his main vision for Chainlink and for the industry is to offer a decentralized open-source foundation that gives software-based trust without the need for intermediaries to people and companies.

If you look at the percentage of applications running on the vehicle versus the current on-chain percentage network, that percentage is starting to look even more the same, meaning that the cycle network continues to provide greater and larger value. Does that value transfer tokens, transfer cross-chain messages, send data, computing, provide randomity, provide identity information by maintaining privacy there are a wide variety of large and growing computing that must be trust-minimized... he added.

For information, Trust-Minimization in this context refers to a set of general engineering designed to make the process more predictable by taking into account all variables and others.

Furthermore, Nazarov explained that his party aims to build a world supported by the truth by transitioning all world applications into Trust-Minimized.

Jadi kami ingin semuanya menjadi trust-minimized, dan saya merasa bahwa jaringan Chainlink membuat infrastruktur yang akan memungkinkan transisi itu terjadi, bersama dengan infrastruktur utama lainnya dari industri kami seperti Ethereum, berbagai rantai lain, dan sebagainya, tutupnya.