1 Level
16 Review
38 Karma
Review on Maker by comando lee
I think MKR's Name-Value Storage is a simple yet powerful concept that allows…
I think MKR's Name-Value Storage is a simple yet powerful concept that allows you to store arbitrary data within the blockchain. This has already allowed a range of distributed services, from a decentralized network. MKR is a token used on the platform beside DAI is a coin for the payment system. As token, MKR can be used to pay several fees related to DAI oriented. basis of a simple banking system built on blockchain technology that allows,
Pros
- 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. Maker coin is, in many ways, the yin to DAI’s yang. When DAI succeeds, so does MKR, and the one cannot exist without the other.
Cons
- Maker Coin is one of the best concepts in all of cryptocurrency, and it makes it possible for a stability coin as strong as DAI to exist. It’s future is uncertain, but with such a strong product and such a solid international team of users and supporters, we think Maker coin’s future is likely a bright one the concept of a stablecoin is fairly straight forward — it’s a token (like bitcoin and ether) that exists on a blockchain. But unlike bitcoin or ether, it has no volatility. “How can something have no volatility, volatility is relative!” Good catch. i like it !
