Why centralized oracles are a threat to the $16B DeFi industry | Interview with Sergey Nazarov

Co-founder of Chainlink, Sergey Nazarov, explains why a decentralized oracle network is necessary to ensure trust in the DeFi ecosystem. 0:00​ Intro 1:06​ How could the five recent DeFi hacks been avoided? 4:20​ Is the DeFi ecosystem evolving in the right direction? 7:56​ Are we going to see more interaction between DeFi and real-world assets? 12:13​ Can oracles be trusted as the auditors of real-world assets? 15:44​ Can DeFi protocols rely on HTTP requests for retrieving real-world data? 20:37​ Outro Get your Cointelegraph merch here: ​ Use this code for your 30% discount in our store: HODLERSDIGEST30 #Cointelegraph​ #Bitcoin​ #CryptoMarkets​ Subscribe to Cointelegraph: ​ Follow COINTELEGRAPH: Website: /​ Telegram: ​ Facebook: ​ Twitter: ​ Cointelegraph covers everything Bitcoin, bringing you the latest news, prices, breakthroughs, and analysis, with emphasis on expert opinion and commentary from the digital currency community.