In this podcast, ChainLinkGod and Crypto___Oracle explore the concept of cryptoeconomic security in decentralized computation networks, how it is applied to the Bitcoin Proof of Work (PoW) and Ethereum 2.0 Proof of Stake (PoS) networks, and the various technical nuances that make these networks operate at a global scale.
In this podcast, Crypto___Oracle and I explore the wide range of oracle services provided by Chainlink, the industry-leading decentralized oracle network. This includes Price Feeds (real-time financial market data), Proof of Reserves (on-chain audits of tokens backed by off-chain collateral), Any API (bringing all the world's data-chain), Verifiable Randomness (tamper-resistant on-chain RNG for NFTs and gaming apps), Keepers (transaction automation bots) and a Blockchain Abstraction Layer for enterprises (single integration gateway to becoming blockchain-enabled). We explore the importance of each service, how exactly they work, and the nuances regarding why the Chainlink Network is the leading provider in each individual category of use cases.
ChainLinkGod Twitter: https://twitter.com/ChainLinkGod
Crypto___Oracle Twitter: https://twitter.com/Crypto___Oracle
SmartContent Publication: https://smartcontentpublication.medium.com
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In this podcast, I am joined by the one and only @Crypto___Oracle, co-author of SmartContent and author of the original 2018 Chainlink God Protocol article. We explore a wide range of topics including defining trust in society, the purpose of contractual agreements, how blockchains provide a decentralized trust network, the need for decentralized oracle networks, why oracles need to be separate from blockchains, the core value proposition of the Chainlink, how the Chainlink oracles are secured, the end state of Hybrid Smart Contracts, and much more.
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Follow Crypto___Oracle: https://twitter.com/Crypto___Oracle
Follow SmartContent: https://twitter.com/SmartContent777
In this recording, I explore the core innovations presented in the Chainlink 2.0 Whitepaper including the underlying components that make up Decentralized Oracle Networks (DONs), Fair Sequencing Services (FSS) to solve the Miner Extractable Value (MEV) problem, the Transaction Execution Framework (TEF) for syncing with a main chain using layer-2 mechanisms, trust-minimization to achieve maximum security and reliability, implicit staking in the form of the Implicit Incentive Framework (IIF), explicit staking with a quadratic scaling of cryptoeconomic security, and more. I also provide my insight and perspective on how the next generation of decentralized applications will take the form of Hybrid Smart Contracts which combine on-chain and off-chain infrastructure.
Read the announcement blogpost: https://blog.chain.link/chainlink-2-0-lays-foundation-for-adoption-of-hybrid-smart-contracts/
Read the Chainlink 2.0 Whitepaper: https://research.chain.link/whitepaper-v2.pdf
Read the Smart Contract Research Forum (SCRF) Summary: https://www.smartcontractresearch.org/t/research-summary-chainlink-2-0-next-steps-in-the-evolution-of-decentralized-oracle-networks/300
Visit my Twitter profile for more Chainlink knowledge: https://twitter.com/ChainLinkGod