Review on Maker by Gabriel Medina

Name: Maker
Item: Maker
Rating: 4

September 21, 2020

A stable but complex cryptocurrency platform

Maker is a platform that has a stable cryptocurrency. The project proposes a reinvention of finance in blockchain, adding the previously mentioned that is its stable cryptocurrency (DAI). Maker was born as the premise that blockchain systems must have a refuge to protect themselves from the intrinsic volatility of these new markets. Maker is a DAO for which the rules and decisions are not determined by any management group but rather is managed from an algorithmic structuring that is programmed through smart contracts. On stabilization we have its stable cryptocurrency Dai which is a digital currency whose value is stable in relation to the dollar.
 The operation of Maker is a bit complex and is not understood the first time.
﻿
Maker (MKR) Features:

The maximum amount of Maker Coins are smaller than other platforms.
It is based on the Ethereum blockchain.
Maker's approach is to provide stability in terms of cryptocurrencies (It does not have a separate objective).
Security is guaranteed by the users themselves, who are the ones who validate and verify the transactions.
﻿
Maker is a project with a good approach that involves a significant technical effort using smart contracts, a stablecoin and a variety of complex mechanisms.
﻿

Pros

Positive acceptance by the community.
Excellent, solid and transparent work team in all networks as professionals.
A work plan that could have a great expansion.
Project with a unique and complex proposal that can grow.
It is a platform with stability. The configuration of this is responsible for keeping the ICD stable and does not depend on other entities.

Cons

Understanding it is a bit complex, so many limit themselves to investing or collaborating.
It depends on Ethereum up to a point.
You must have considerable points in the market for your cryptocurrency.