1 Level
6 Review
11 Karma
Review on Maker by Minh Tien
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
- Maker brings a huge investment benefits along with it as it is stable as it creates Dai to minimize the risk.Stability is a valuable aspect of a cryptocurrency. The Dai Stablecoin System offers a potent and practical solution to stabilize the value of Dai on an Ethereum based platform that works with a collateral backing to attain stability. I see MKR as a reliable investment even at the current quite high price.
Cons
- I think the development team should promote more marketing. Looking to build a large community for the maker.
