The brand new blockchain referred to as NewChain can 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 significant replace it calls the “Endgame”, this follows after the platform just lately published an in depth roadmap of the upcoming replace.
In line with the Could 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 Extensively-used Stablecoin
In the meantime, per the roadmap it revealed, 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 line with him, the primary section of streamlining can be performed underneath a brand new unified model id. And it’s at this stage that the brand new unified tokens may also be launched. Customers, nonetheless, have the choice to improve their outdated tokens or not.
The subsequent section 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 scale back complexities that will come up from each day operations.
Within the subsequent section, MakerDAO will introduce AI instruments that may enable governance monitoring. That is when customers will be capable to summarize and generate governance proposals, albeit with assistance from AI. It should be famous, nonetheless, that solely those that maintain Maker’s new tokens may have entry to this characteristic.
The fifth will see MakerDAO introduce incentives for partaking in governance. And, lastly, it’s going to launch a brand new blockchain within the sixth stage. In line with Christensen, the brand new blockchain referred to as NewChain can 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 model of writing. He strongly believes within the potential of digital belongings and takes each alternative to reiterate this.
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