1 Level
6 Review
26 Karma
Review on Maker by Tung Lan
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,it uses interest rates to stabilize its price. Anyone who has collateral assets can use them to purchase DAI on the Maker platform via CDPs. These CDPs hold the assets that are deposited by users and allow them to generate DAI to then be used to purchase or sell MKR.
Pros
- Maker is certainly an interesting cryptocurrency and I consider investing in it in the future,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 and adds a delayed proof of work consensus algorithm to make Komodo more robust and secure.
Cons
- I can not find too much information for this platform. There were so few people talking about it and I only knew the Maker when I joined Revain. The community is really bad.
