Beyond Tokenization: Unleashing the True Power of Blockchain | ETHDenver 2020

Fri, Oct 2, 2020, 12:00 AM

In this video, we delve into the fascinating concept of the Oracle problem and its impact on blockchain technology. We explore how traditional blockchains face challenges when it comes to incorporating external data sources, which limits their ability to include real-world events in smart contracts. However, there is a solution that goes beyond mere tokenization. By pushing the boundaries of what is possible, we can redefine the space and shift our focus towards more practical economic activities. Join us as we uncover the significance of this issue and discover how it can reshape the future of blockchain technology. #OracleProblem #BlockchainRevolution Speaker: Sergey Nazarov of Chainlink 0:00 Introduction 1:22 The Oracle Problem's Effect on Smart Contracts 3:10 The Recent Leap Forward for Smart Contracts 4:56 The Next Leap Forward for Smart Contracts 6:49 Truly Decentralized Finance via Decentralized Oracles 9:02 Large Collection of Price Reference Data for Defi 9:41 You Can Build DeFi Products Around Large Global Markets 11:53 Adding Trust-minimized Off-chain Computation to Your Dapp