Best known for his contributions in the cryptocurrency space, Sergey Nazarov is the co-founder of SmartContract and Chainlink, the most popular oracle network today. He is also involved in the founding of CryptaMail and Secure Asset Exchange. As of 2022, Sergey Nazarov has an estimated net worth of $100 million.
Sergey is the child of Russian immigrants who arrived in New York, in the early 1990s. His mom and dad were engineers, and when he was five years old, they exposed him to computers.
As a child, he loved Legos and real-time strategy games. He examined programming manuals in middle school and this became the building block for him joining the crypto revolution.
But before being a blockchain expert, he studied Philosophy and Management at New York University. At this point in his life, he was planning to become an entrepreneur.
Nazarov was employed as an Intern-in-Residence and Associate at FirstMark Capital from April 2009 through November 2010. He was also a Teaching Fellow at NYU Stern School of Business from January to May 2010.
After leaving FirstMark, Nazarov went to Russia with a small investment fund focused on highly specialized R&D teams. He also started mining Bitcoin by renting GPUs.
Though crypto started as an income source, it quickly gained philosophic meaning for Nazarov, who found parallels between his own values and the ideology of Bitcoin. In 2014, he started three crypto-related companies, CryptaMail, Secure Asset Exchange, and SmartContract.
Sergey is optimistic that cryptocurrency has the potential to transform the way the world implements contracts, transmits information, and perceives wealth. So, in 2017, he created Chainlink with Steve Ellis.
Chainlink is an Ethereum-based decentralized blockchain oracle network. It serves as a bridge for blockchain and off-chain systems. It’s an open-source platform that lets any blockchain link to off-chain information and compute resources seamlessly.
In 2019, the network was officially released, and Sergey was chosen to be the CEO. It has been one of the top-performing altcoins in recent years, and it’s showing no signs of slowing down.
Nazarov’s network is planning to expand to Chainlink 2.0. It would present the idea of explicit staking and provide a second layer of oracles to oversee the network.
It will enable the creation of hybrid smart contracts with connectivity to off-chain services. Moreover, the novel approach will make it easier for oracles to resolve disputes that occur off-chain.
He does a good job of keeping his personal life to himself. This secretive trait is perhaps the reason why some people suspect him of being Satoshi Nakamoto. People also have some proof that he is.
First, smartcontract.com was established six days before the publication of the Bitcoin White Paper. On a discussion with Ben Chan in 2020, Nazarov claims to have been in the blockchain sector for ten years before correcting himself.
Also, the creator of Bitcoin is said to have utilized a Russian proxy to conceal his whereabouts and identity. Other hints claim Sergey Nazarov is Satoshi Nakamoto, such as the similarities of their initials, but they remain speculations until verified.