Review on Maker by Ogulnar Annamuhammedova

Cryptocurrency Maker (MKR) is a digital token of the Maker project created on the Ethereum platform, the main goal of which is to create a line of decentralized digital assets that would be tied to the value of real instruments such as currency, gold, etc.

On the basis of this platform, it is planned to create an exchange where it would be possible to carry out margin trading of tokens on the ERC20 protocol.

When Ethereum was still in its infancy, there was already talk about the demand in the market for stable currencies, the so-called "stablecoins", the price of which would not be taken from the ceiling, but was tied to something real, for example, precious metals or fiat currencies ... Here is the idea turned into reality.

The long-awaited "stablecoin" on the Ethereum blockchain was developed by the Maker project. It is itself a decentralized organization that is completely autonomous (abbreviated as DAO). And his stablecoin is named Dai and supports the ERC20 standard.

Maker also has its own MKR token, which finances the project's activities. The company has enlisted the support of the Ethereum Foundation and, according to the developers, is an integral and essential element in the ecosystem of Ethereum itself.

MKR is needed to attract investment in the Maker project itself. Holders of MKR are something like shareholders, only instead of a joint-stock company there is a decentralized autonomous organization (DAO).

These shareholders are the highest authority in the company, they solve all global issues of doing business, distribute the profits themselves, however, and are responsible for the decisions made with their invested capital.

The release of a decentralized stablecoin is, of course, a very good and useful idea, opening up wide horizons for application in the financial and trade spheres.

A significant advantage of this token is the ability to implement absolute anonymity in any operations. This can be achieved thanks to the zk-SNARK technology already used in the Zcash cryptocurrency, or the ring signatures used in Monero. So far, these options are only in the plans, and they are not even listed in the MakerDAO road map. But they are going to be implemented in the next version of Ethereum Metropolis and will automatically sync with Dai.

MKR tokens were developed in order to attract the attention of the maximum number of people to the project. With their help, everyone can acquire their share of the platform and take a direct part in its life and development.

To do this, you need to participate in the ongoing polls in order to influence the chosen path of development of the system, to make it as functional as possible, convenient and profitable for users by joint efforts.