Chainlink Recruits Blockchain Star To Support DeFi Scene
Former BitGo CTO Ben Chan has joined Chainlink as the new VP of Engineering.
Chan will work on scaling solutions for the oracle network designed to reduce gas costs.
The Chainlink community welcomed Chan with open arms
The Trust Project is an international consortium of news organizations based on transparency standards.
Ben Chan, former BitGo CTO and WBTC DAO Architect, joined Chainlink Labs as Vice President of Engineering.
He will use his experience in building infrastructure for crypto to help Chainlink grow. The news was shared on Twitter by Chainlink and Chan and was met with great enthusiasm by the crypto community.
Benedict Chan: Glad to join @Chainlink! Building infrastructure for crypto is my passion. Trustless digital deals were a dream when I started my crypto journey. Today, I believe scalable and reliable data networks for smart contracts will usher in the next phase of #DeFi growth.
ChainLink: Ben Chan, former technical director of BitGo and architect of WBTC, joined #Chainlink Labs as vice president of engineering. It will allow the engineering team to evolve the security of the Chainlink network. Learn more about @bencxr and his role in the recent Fireside Chat with @ SergeyNazarov
In his former role at BitGo, he helped build a scalable and secure multi-signature wallet platform that now powers over 15% of global BTC transactions. He is also one of the founding members of WBTC DAO.
In a recent YouTube interview with Chainklink CEO Sergey Nazarov, Ben said he was happy to join the team, noting that he saw the incredible work Chainlink has done in the DeFi industry. He added,
“I think Chainlink is going through an incredible phase right now. It has grown tremendously by providing a benchmark data infrastructure for DeFi, and what I think is even better is that there is even more potential in other verticals and use cases. “
Ben Chan, former technical director of BitGo and architect of WBTC, joined #Chainlink Labs as vice president of engineering. It will allow the engineering team to evolve the security of the Chainlink network. Learn more about @bencxr and his role in the recent Fireside Chat with @SergeyNazarov.
Mr. Chan Joins ChainLink to Support DeFi Scene
In his new role at Chainlink, Chan will use his experience in building a secure infrastructure for crypto to develop a scalability framework for the Oracle network that can reduce gas costs for node operators and pave the way for even more support for the growing DeFi sector. He said,
“One of the most exciting things we’re working on right now is a scalability solution that will improve both grid costs and gas costs by an order of magnitude. So what we are implementing is the so-called off-chain navigation, and it works by sending a single global response in-chain for every Oracle update. “
This feature requires the following:
a peer-to-peer network layer
a lightweight, off-chain consensus model to help oracle networks achieve a global response in a distributed and trust-minimized manner
a reliable protocol
According to Chan, this will help increase the number of oracles per feed at almost no additional cost. This will generate huge operational savings per fee at a time when it is unclear how much some fees on networks like Ethereum could increase.