MKR and DAI have to be cryptos last hope. Besides bitcoin, what really hold value in this market? Nothing is able to hold consistent value besides stable coin projects like DAI. Bitcoin makes sense because it was first to market, and DAI is a transfer of stable value that never actually fluctuates. It makes no sense to use any other coins because they are really just subcriptions to platforms. This is why we've seen -97% drops in the majority of the market. I'm not saying DAI is invincible, but it does show that it's not going anywhere since huge amounts of money flow in and out of DAI contracts.
Ok, DAI is amazing. I just colaterized ETH to to margin trade and it's been working perfectly. DAI makes much more sense as a stable coin and I hope more people become aware of its use case. I'm in no hurry though, I know a successful project when I see one. DAI is going to become an integral part of the Ethereum ecosystem as it expands.
The main difference between DAI and Tether is the complete transparency of the system. On the main terminal (dashboard, you need Mist or Chrome / Firefox browser with Metamask extension installed and enabled) dai.makerdao.com you can see all system status in real time: the PETH pool, the amount of issued and deleted DAI, as well as the security level of the system at the moment, expressed in excess of the deposit over the amount of the issued DAI. At the time of this writing, the pledge amounts to 406% of the amount of the issued DAI (this value is a consequence of the collapse, many holders of pledge positions preferred to be safe). The minimum allowable security threshold is 150% over the amount of emitted tokens.
Every similarity between Bitcoin and gold show that Bitcoin might have bottomed and is set for another spectacular rise. On the other hand, many people are lamenting the fall of Bitcoin and...
Square CEO Jack Dorsey wants to hire engineers, and he wants to pay them in Bitcoin and work remotely. These will be full-time positions, and the payment in Bitcoin is optional...
The price movement of many cryptocurrencies in the market right now is encouraging. Some of these coins have passed through their low-level...
The report of the American Analytical Center of the Brookings Institution states that more effective regulation will benefit the cryptocurrency...
The main cryptocurrencies on Friday once again go down, resuming the fall in the framework of the strong downward trend...
According to many experts, the price of Bitcoin is affected by the hashrate, and the increase of this indicator signifies that optimism in the digital currencies market, particularly among miners, not only...
Dai is an asset-backed, hard currency for the 21st century. The first decentralized stablecoin on the Ethereum blockchain. With Dai, anyone, anywhere has the freedom to choose a money they can place their confidence in. A money that maintains its purchasing power. Dai is a reliable source of...