The brand new blockchain known as NewChain will likely be carefully linked with Ethereum, promising elevated governance safety of the ecosystem.
MakerDAO, the issuer of the DAI stablecoin, has revealed its plans for a serious replace it calls the “Endgame”, this follows after the platform lately published an in depth roadmap of the upcoming replace.
In keeping with the Might 11 announcement, the replace will happen in 5 phases and can impact modifications that may use synthetic intelligence (AI) instruments and in the end result in the creation of a brand new blockchain. A part of the publication reads:
“The replace will use AI instruments and apply them to open and scalable processes.”
MakerDAO Seeks to Create the Most Broadly-used Stablecoin
In the meantime, per the roadmap it printed, MakerDAO is trying to make sure that the undertaking creates the world’s most widely-used stablecoin within the subsequent three years. To attain this, Endgame will search first to streamline the Maker Ecosystem by uniting the Maker governance token (MKR) and the Dai stablecoin (DAI).
MakerDAO co-founder Rune Christensen has additionally shed extra gentle on the platform’s plans. In keeping with him, the primary part of streamlining will likely be performed beneath a brand new unified model identification. And it’s at this stage that the brand new unified tokens can even be launched. Customers, nevertheless, have the choice to improve their previous tokens or not.
The subsequent part will see Maker launch 6 new SubDAOs that may be farmed by customers. Christensen says these SubDAOs will allow permissionless innovation and collateral allocation. With this plan, Maker hopes to take away prices and cut back complexities which will come up from every day operations.
Within the subsequent part, MakerDAO will introduce AI instruments that may enable governance monitoring. That is when customers will be capable of summarize and generate governance proposals, albeit with the help of AI. It should be famous, nevertheless, that solely those that maintain Maker’s new tokens can have entry to this function.
The fifth will see MakerDAO introduce incentives for partaking in governance. And, lastly, it’ll launch a brand new blockchain within the sixth stage. In keeping with Christensen, the brand new blockchain known as NewChain will likely be carefully linked with Ethereum, promising elevated governance safety of the ecosystem.
Mayowa is a crypto fanatic/author whose conversational character is kind of evident in his type of writing. He strongly believes within the potential of digital belongings and takes each alternative to reiterate this.
He is a reader, a researcher, an astute speaker, and in addition a budding entrepreneur.
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