1 Level
11 Review
16 Karma
Review on Maker by John Murphy
MKR's Name-Value Storage is a simple yet powerful concept that allows you to…
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. Although MKR supports traditional PoW mining and merged mining with Bitcoin, its main mechanism is Proof-of-Stake mining. This eliminates the “arm’s race” for mining capacity.
Pros
- An attempt to use Cryptocurrency concepts to ape the dollar. 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. Being that only 8 percent of the money in the world actually exists where a person could touch it with their hands, we already do electronic money mostly all day long. We just don't know it yet.
Cons
- Current token quotation is understimated (due to a general weakness in the cryptocurrency markets).
