Maker is an Ethereum token that describes itself as “a utility token, governance token, and recapitalization resource of the Maker system.” The purpose of the Maker system is to generate another Ethereum token, called Dai, that seeks to trade on exchanges at a value of exactly US$1.00.
The amount of available DAI has surpassed $1 billion, according to available data. The post More than 1 billion DAI, the stablecoin of lending protocol Maker, has been created appeared first on The Block.
Smart contracts are bits of computer code that perform a set of instructions. Dapps are decentralised apps that bundle together smart contracts into packages that people can interact with.
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