This chapter explores Chainlink's vision beyond price information for DeFi apps and introduces the concept of Oracle Networks. It explains the power of decentralized consensus and the use cases of Oracle Networks, including cross-chain communication and providing proof of reserves.
Sergey Nazarov is the co-founder of Chainlink. Chainlink, you might know as the price oracles for DeFi… providing DeFi with the data it needs to know prices. More ambitious than just prices, Chainlink is aiming to become the interoperability layer between all of TradFi and all of DeFi, acting as a gateway between onchain and offchain data. We’re going to explore that vision today on Bankless.