Fireside Chat With Sergey Nazarov, Chainlink, & Kartik Talwar, ETHGlobal I Pragma London 2024

Wed, Oct 2, 2024, 12:00 AM

In this insightful fireside chat from Pragma London 2024, Chainlink co-founder Sergey Nazarov sits down with Kartik Talwar of ETHGlobal to explore the evolving role of oracles, cross-chain communication, and the long-term vision for Web3 infrastructure. Sergey discusses Chainlink’s origin, powering DeFi’s exponential growth, the rise of Proof of Reserve and real-world data feeds, and the launch of CCIP (Cross-Chain Interoperability Protocol). He shares a compelling vision where every bank and asset manager operates their own L2, interconnected through secure oracle networks, with Ethereum at the core. This is a must-watch for builders, founders, and anyone curious about the convergence of capital markets and decentralized systems, real-world assets (RWAs), and how to make Web3 usable, trusted, and inevitable. 00:00 Welcome Sergey Nazarov to Pragma London 00:58 How Chainlink got started and smart contracts' gaps 02:31 Oracle networks vs. simple data feeds 03:39 Chainlink’s early role in powering DeFi 04:56 Beyond price feeds: Expanding oracle use cases 06:10 Chainlink’s evolution and new data categories 07:18 Proof of Reserves and the path to proof of everything 08:23 Adding trust-minimized computation and automation 09:32 Launch of CCIP for cross-chain communication 10:37 Chainlink’s role: moving data in/out/between chains 11:12 CCIP features and programmable token transfers 12:14 Real-world asset adoption and private L2s 13:48 Prediction: All banks will run their own L2s 14:33 Enterprise L2s connecting to Ethereum 15:39 Net new value: onboarding institutions and users 16:14 Three types of participants in the ecosystem 17:52 Infrastructure vs. application builders 19:24 Why normies still struggle with crypto UX 20:58 Improving trust, security, and experience 22:05 Web3 must match or beat Web2 UX 23:01 Why verifiable applications are the end goal 24:06 From niche use cases to a global default 25:06 Chainlink’s view on reaching escape velocity 26:08 Learning from security and data failures 27:07 Reflections from the pre-Ethereum era 28:13 How we move faster vs. taking decades 28:43 The exponential growth of the ecosystem 29:15 Final words and appreciation for builders _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🇬🇧 *Pragma London* Pragma London took place at Christchurch Spitalfields in London on March 14, 2024, and was an in-person summit for builders and leaders in the web3 ecosystem. Watch the full Pragma London playlist here: https://youtube.com/playlist?list=PLXzKMXK2aHh7rvaHBM14peT1TwI3QX38p&si=MzGrEYwYjxSQFiFM ETHGlobal's Pragma series takes place in cities around the world, and is designed to be a different kind of event. Pragma is a one-stage conference with founders-only on stage, bringing together a small group of curated attendees and speakers to discuss the future of web3 and reflect on the past. Ever since we first introduced our new event series Pragma in Tokyo of the spring of 2023, we have been fostering a curated, global community of individuals who deeply care about web3. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ *Follow Sergey Nazarov* X: https://x.com/SergeyNazarov ✅ *Follow Chainlink* X: https://x.com/Chainlink ✅ *Follow ETHGlobal* X: https://x.com/ETHGlobal​ Warpcast: https://warpcast.com/ethglobal Website: https://ethglobal.com YouTube: https://www.youtube.com/c/ETHGlobal _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _Are you interested in Ethereum development and entrepreneurship?_ 👉 Sign up for the next ETHGlobal event: https://ethglobal.com/events 🎁 Get exclusive access and perks with ETHGlobal Plus! https://ethglobal.com/plus 📣 Want us to throw an event in your city? Tell us where! https://ethglobal.com/city _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _