Company
Date Published
Author
Chainlink
Word count
42
Language
Chinese
Hacker News points
None

Summary

Web3, often referred to as the blockchain ecosystem or crypto economy, is fundamentally about providing cryptographic security to users, which is rapidly becoming a new standard for user relations. This shift minimizes reliance on "trusted" third-party service providers and centralized platforms, which have historically failed to meet user expectations. The rise of cryptographic security as a social defense mechanism highlights how encryption has become integral to safeguarding communication and economic mechanisms, exemplified by the widespread adoption of end-to-end encrypted messaging apps like WhatsApp and Signal. Sergey Nazarov, co-founder of Chainlink, discusses the role of Chainlink 2.0's economic mechanisms and the importance of trust-minimized applications that leverage blockchain, smart contracts, and oracle networks to provide secure infrastructures. Chainlink aims to build a global market underpinned by cryptographic security, encompassing commodities, securities, real estate derivatives, insurance contracts, and more. Oracle networks like Chainlink are crucial for transforming Web2 systems into trust-minimized applications and expanding the capabilities of Web3 systems, offering functionalities such as secure data feeds and verifiable randomness, which are already driving innovations in DeFi, gaming, and beyond.