What Needs To Be Solved for Web3 To Reach a Billion Users | Sergey Nazarov

Sergey Nazarov explains the three challenges the blockchain industry needs to solve to scale verifiable applications to a billion users.
Chainlink is the industry-standard decentralized computing platform powering the verifiable web. Chainlink has enabled over $9 trillion in transaction value by providing financial institutions, startups, and developers worldwide with access to real-world data, offchain computation, and secure cross-chain interoperability across any blockchain. Chainlink powers verifiable applications and high-integrity markets for banking, DeFi, global trade, gaming, and other major sectors.
Learn more about Chainlink:
Website: chain.link
Docs: docs.chain.link
Twitter: / chainlink
#Chainlink #blockchain #web3 #crypto #defi #smartcontracts

[@nicholasliappas4359]

Based Sergey

[@nandikahettiarachchi]

Agreed 🙌 Also in contrast to web2 and systems/products built with rather less reliable API integrations - native properties such as interoperability with blockchain deserves more credit.
Problem with large orgs like Netflix in web2 is that this bad habit of throwing enough money at problem to buy enough resources fix it. In web3 it pays to be efficient or you get punished with gas for bad code and poor planning.

[@vaclavrajek5209]

SN=SN

[@bashmohandes]

So basically everything that suck about Blockchain will be implemented by Chainlink, how’s that decentralized again?

[@paulsull6481]

In a similar way that blockchains are decentralized: via p2p consensus. Do you know how Chainlink works?

[@bashmohandes]

@@paulsull6481 this is not a p2p decentralized oracle problem, this is a problem where some data cannot be available on blockchain or decentralized to begin with; because of privacy or regulatory reasons, basically Chainlink is going to be just like a cloud provider for this kind of activity.

[@Chillsondemand]

we bought at 6$ we see the vision

[@akaKonfrad]

Ive been seeing the vision since $50 😂

[@_alexastro]

I think the biggest issue with the web3 UX atm is the usage of wallets, hoping for account abstraction to fix this

[@kryptokakashi8900]

First of the billion 😊

[@craigkanyemba]

Bro... the more you explain, more work is needed

[@22chainlink22]

yes