Review on Dai by Ibrahim Sunday
Dis review, 2020- breakdown explanation
Projects nowadays are filled with brilliant ideas and architecture, all to maximize profit and make participants gain huge
Like many others, Dia is decentralized. You do not need to create an account with them... You trade without any
Dia as a coin is build on blockchain technology, accompanied by a self adjusting mechanism against price fluctuations.
I have not use Dia yet, still reading about it, hope this is helpful, drop your questions in the comment box
Pros
- Dia is different from other stable coin, it has a mechanism that powers it when it is going low and another that powers it when it is going high. Dia aiming to be a stable normal currency.
- It's technology is built is such a way that anyone with etherium wallet, can own a Dia
- It can be traded with out any one or any company affecting the price.
Cons
- It has high price fluctuations compared to others due to its foundation with etherium
- It doesn't have a lot of trading pairs
- According to researchers, it is more likely to crash, because it collateralized with etherium.
