Sergey Nazarov, Co-founder of Chainlink

Sergey Nazarov, Co-founder of Chainlink

Son of Russian immigrants and co-founder of Chainlink is Sergey Nazarov. Nazarov, however, is viewed by many in the crypto community as a potential contender for the identity of Satoshi Nakamoto, the person who invented Bitcoin.

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He says he has been in the cryptocurrency industry for more than ten years, which would place his beginnings around the time the Bitcoin white paper was released. Nazarov is acknowledged in the public for creating the Chainlink network, which features hybrid smart contracts and blockchain oracles.

In the 1990s, Nazarov and his family moved to New York, where he later graduated from New York University with a bachelor’s degree in philosophy and management. Nazarov worked in a number of assistant roles to get experience in business operations before founding his own cryptocurrency company.

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The native currency of the Chainlink ecosystem, LINK, has performed very well during the most recent altcoin rally, which was sparked by Bitcoin’s surge beyond $37,000. The coin, developed by Chainlink Labs, a decentralized oracle network, has increased by more than 40% since January and increased by more than 175%. LINK was trading at almost $15.60 later. Following Bitcoin’s latest ascent is the LINK rally. Early in November, the price of cryptocurrency’s first generation became closer to $38,000 after being relatively stable for around two weeks, between $34,000 and $36,000.


Cross-chain solutions, according to Nazarov and his team, are the future of cryptocurrencies and smart contracts. For precisely this reason, Chainlink unveiled the Cross-Chain Interoperability Protocol in August 2021.

As a “new open-source standard for cross-chain communication,” the CCIP is regarded by Chainlink as a means of establishing connections between countless blockchain networks. Additionally, this protocol will be the basis for the Chainlink Programmable Token Bridge.

Chainlink will concentrate on inter-chain solutions during the upcoming year with billions of dollars locked across several DeFi systems. The business has even hired numerous seasoned consultants, including former Coinbase CTO Balaji Srinivasan, former LinkedIn CEO Jeff Weiner, and former Google CEO Eric Schmidt.

The cross-chain concept of Chainlink is now taking shape: Projects incorporating Chainlink price-feed oracles experienced tremendous growth in 2021, and promising endeavors included work on the Solana Devnet and the Avalanche blockchain.

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