5min chapter

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#181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks

Lex Fridman Podcast

CHAPTER

What Is a Hybrid Smart Contract?

The on chain part of a hybrid smart contract is where the agreement itself is. It's very good at taking in money from other private keys that send it tokens and send it value to hold. The second and equally important off chain part is where the term oracle and an oracle network comes in. Oracles achieve consensus and they achieve decentralization about the topic of what happened.

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