Review on Maker by larueer kenbe

Name: Maker
Item: Maker
Rating: 4

September 18, 2018

I call the Maker Dai stablecoin the first working consumer-grade stablecoin…

I call the Maker Dai stablecoin the first working consumer-grade stablecoin because it stands out from both its predecessors and competitors. It is going to be the first application, in a series of many, that brings blockchain technology to the masses.
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Pros

Despite being developed over the course of three years by some of the best developers in the blockchain space, enduring a rigorous byte-code level audit, and having a working developer-focused stablecoin (Sai) on the mainnet for several months without incident, we all know that nothing is perfect. To keep the system as secure as possible and prevent what cannot be foreseen, the Maker team has added a process called global settlement.

Cons

A global settlement can be triggered by a select group of trusted individuals who hold the global settlement keys. If these signatories see something going horribly wrong, they will enter their keys initiate the process of gracefully winding down the system. “But doesn’t that make this….CENTRALIZED?!”