1 Level
6 Review
13 Karma
Review on Maker by Xa Lam
MKR is a cryptocurrency depicted as a smart contract platform, deployed on the…
MKR is a cryptocurrency depicted as a smart contract platform, deployed on the Ethereum blockchain. Its purpose is to stabilize the value of a bond known as DAI through smart contracts called Collateralized Debt Positions (CDP). It can be sent and received by any Ethereum account, or any smart contract that is programmed to use the MKR transfer function. MKR’s value is attributed to the DAI bond, which is pegged to the US dollar, meaning that 1 DAI = US$1.
Pros
- 15/ This project has a great potential,The project contains a revolutionary idea to replace the current currency system and introduce a currency system with less friction and higher security. The presented idea may benefit a larger portion of the community irrespective of their standards.Has important features to enhance industries related to block-chain
Cons
- Quite confusing and lacking information. I find it difficult to read how to tell others about it.
