In this episode, Mike Townsend chats with Hugo Philion, Co-founder & CEO of Flare Network. They aim to be the interoperability chain connecting all smart contract chains, non-smart contract chains, & web2 APIs together.

As a former commodity derivatives portfolio manager & a Master's in Machine Learning, Hugo is uniquely qualified to speak about the past, present, & future of DeFi - both on a financial fundamentals basis, as well as the tech driving it.

Host:
• Mike Townsend:   / townsendmike  

Guest:
• Hugo Philion:   / hugo-philion-7562843a  

Episode Link:
• https://www.aroundthecoin.com/podcast...

00:00 Introduction: Hugo Philion, Co-founder & CEO of Flare Network
01:04 About Flare Network and How it Started
05:40 Scraping and Reading
07:00 How do you define an Oracle?
09:53 How Flare Network Works
11:50 Looking out for Challenges
15:58 Difference between Relay and Bridge
17:00 Relay and Bridge: Which is more challenging?
19:26 3 billion hacked out of bridges
31:07 Traditional Finance
39:51 Insurance Companies
41:47 DAO on blockchain
47:08 Decentralizing in Web2
48:44 How does the collapse of some companies affects the product development of Flare Network?
53:41 Blockchain and Financial Models
56:55 What decentralized mechanisms are better than centralized?
58:05 Inspirations

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