1 Level
6 Review
12 Karma
Review on Maker by Thao Pham
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
- Unlike other products that will remain nameless and not have any history of wagons, this one is not guaranteed collusion and essentially an inflation play designed to take some of the wind out of the uninformed publics sails on electronic money,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).
Cons
- Newcomers to the blockchain will have a lot of difficulty learning about the platform. There is too little information and it's hard to understand
