Review on Maker by erdi yılmaz
What does Maker do?
The Maker (MKR) and DAI tokens together structure the double coin MakerDAO stablecoin biological system, which was dispatched in 2018, however the thought was created in 2015. Indeed, even with its relative recency, the MKR and DAI stablecoin token have proceeded to assemble a lot of help among crypto financial specialists for its non-custodial answers for stablecoins.
While the DAI stablecoin is the real stablecoin that is fixed on a 1:1 proportion with the US Dollar, the MKR token is maybe the more huge badge of the two, being a utility symbolic that is utilized for administration on the stage.
One of the vital contrasts among MakerDAO and other stablecoins is that MakerDAO is non-custodial. While different tokens may decide to make their stablecoins irredeemable for reasons unknown, Maker's DAI token works on Collateralized Debt Positions or CDPs. Clients store a specific measure of Ether for which they get a segment of the DAI token. The security of the DAI kept up through the MKR token, notwithstanding its function as an administration apparatus.
The one of a kind stablecoin framework has made MakerDAO a mainstream token notwithstanding its relative novelty. The undertaking has no guide.
With tokens like Tether accepting a lot of analysis for its activities, and with stablecoins progressively turning into a pattern in 2019, the MakerDAO environment gets an opportunity to perform well, being a non-custodial answer for instability on the lookout.
Pros
- Provides a much faster process for international payments.
- It seems that it is a project that can improve.
Cons
- Market share is not big enough
