3min chapter

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

Lex Fridman Podcast

CHAPTER

The History of Smart Contracts

Smart contracts as a definition has gone through some, through some kind of changes or a small evolution. It's the idea that a contract can both know what happened and automatically resolve to the proper outcome based on what happened. So I think a smart contract in our industry right now means on chain code, which limits it to whatever can be done on chain only. And then in our internal definition for us and for us a chain link and for me, it's hybrid smart contracts,.

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