Makerdao (MKR) bitcoin [BTC] token is a banking system built with smart contracts on Ethereum
Makerdao MKR bitcoin [BTC] token is a banking system built with smart contracts on Ethereum and could become a huge bank.
Great overview to understand this:
https://medium.com/@greg_10160/maker-for-dummies-part-2-3b364f86bbfd
Analysis that helps understand further. i didn’t agree with some of their criticisms
https://medium.com/reserve-currency/our-analysis-of-the-makerdao-protocol-4a9872c1a824
More info from MakerDao
https://medium.com/@MakerDAO
I prefer decentralized and computer automated dollar pegged coins.
launched six months ago and Dai maintained peg under stress of Ethereum crashing
Being able to get loans on assets without having to talk to a banker is something the economy needs. Its great for me! Low interest long term loan based on assets
Myetherwallet.com can hold MKR and, DAI,
Not a hype coin because they only want MKR owners who understand the voting responsibilities
Growth in collateral at http://mkr.tools
Collateral up 50% in past month
now almost $200 million in collateral.
interest rates up from .5% to 2.5%
System will pay 2% interest on Dai locked in a savings account
I would limit to 5% of portfolio for now.
Hard to buy. I found it with Low volume on HitBTC
Smart contract creation platform Confideal announced that they have entered into a cooperation agreement with Block.Law.
[Note: This is a press release.]
Confideal is happy to announce the start of a strategic cooperation between themselves and the premier network of blockchain experts and crypto consultants at .
Block.Law’s cooperation with Confideal will provide uncompromised benefits for both companies. The cooperation if very straightforward and easy to accomplish for both of the projects. Block.Law will record, validate, and endorse information within smart contracts, acting as the legal authority and validation agent. For its part, Confideal will offer their smart contract templates to Block.Law as well as facilitate the creation of new smart contracts to power Block.Law’s business logics and services.
Pioneers in crypto-based investments, Block.Law builds integrity among investors, companies, and regulators using blockchain tools as the new benchmark in traditional financial markets.
Working closely with an international network of investment managers, lawyers, and financial authorities, Block.Law is creating an ecosystem between blockchain technologies and the investment world by providing a clear and legally compliant framework for tokenized companies and funds.
Block.Law provides legal validation and recordation of smart contracts using a legal transaction validation mechanism. The semi-automated blockchain based platform provides an immutable human link in all services provided thereby ensuring trust, transparency, and legitimacy.
For more information about Block.Law please visit their .
Confideal is a visual smart contract builder that makes creating, managing, and enforcing smart contracts quick and easy. Users with absolutely no coding skills can create an enforceable, self-executing, and secure digital agreement powered by Ethereum for all types of transactions. The platform’s built-in arbitration module allows contract parties to resolve disputes in the Confideal environment using top-rated arbiters without the need to reveal any personal data. It offers a revolutionary opportunity for enterprises, small companies, and individuals to execute deals without the need for costly and delay-inducing intermediaries.
For more information about Confideal, please visit or chat with the team on .
How Blockchain Is Surviving the Cryptocurrency Crash Sep.18 — Grainne McNamara, blockchain lead at PricewaterhouseCoopers, discusses the adoption of blockchain amid a bear market for cryptocurrencies. She speaks on “Bloomberg Markets.”