Thriller Podcast - S2EP 054: INSIDE PROTOCOL | MAKER
Thriller Crypto
English - February 16, 2019 06:36 - 1 hour - 71.6 MB - ★★★★★ - 25 ratingsInvesting Business Technology crypto bitcoin ethereum blockchain trading investing cryptocurrency culture news digital money Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Thriller Coin Talk - S2EP 26: Bitcoin Payments
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MakerDAO (founded by CEO Rune Christensen) uses a different approach to stabilize DAI using its proprietary MKR token. It’s an interesting approach that closely follows fractional-reserve banking, in which a bank is only required to hold a fraction of its deposit liabilities. Except the collateral backing DAI isn’t the US dollar or any other fiat currency – it’s Ethereum and the whole system is built on blockchain technology and a smart contract ecosystem.