Review on Maker by Jesmin Akter

In comparison to conventional fiat money, Maker has a number of apparent benefits. The first step is to implement decentralization on your site, which prohibits a centralized organization from managing the money. As a result, financial manipulations and fake inflation are avoided.



Maker, a smart contract platform that owns and sells Dai, provides a sustainable and reliable cryptocurrency alternative to Tether. The Maker platform, which is decentralized and does not rely on trusted third parties, stabilizes the value of Dai relative to the US dollar by using external market processes and economic incentives. It does away with the need to depend on a centralized organization and the burden of third-party audits and instead provides a transparent stable currency system that is fully inspectable on the Ethereum blockchain.



It offers a method for taking the benefit of virtual currencies while avoiding the volatility in their value. These coins are backed by assets that ensure that their value remains stable throughout time. In the instance of Maker Dai, the asset that underpins its value in the United States dollar. Counting, according to Maker Dao, the group behind the currency, is a reserve of dollars large enough to ensure stability.