The post Chainlink Co-Founder Explains How Chainlink Standards Cut Transaction Complexity by 90% appeared first on Coinpedia Fintech News
Chainlink co-founder Sergey Nazarov recently explained how standards are the foundation of all blockchain and DeFi transactions. By creating a unified framework, Chainlink’s goal is to reduce complexity, improve reliability, and connect DeFi with the broader financial system.
Read on to see how these standards are transforming the future of finance.
How Blockchain Transactions Have Evolved
Nazarov starts off by noting that the industry is fundamentally about transactions, whether it is DEX transactions, stablecoin transactions, real-world asset (RWA) transactions, or cryptocurrency transactions.
„Tens of trillions of dollars in liquidity merged into a single global Internet of Contracts.”@SergeyNazarov explains how the Chainlink set of standards reduces transaction complexity by up to 90%, making it critical to enabling the flow
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