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.
Multi-Collateral Dai (MCD) is ready to launch on Nov. 18, according to Rune Christensen, CEO of the Maker Foundation. Christensen announced the news at the DevCon 5 conference in Osaka, Japan on Wednesday. The post Multi-Collateral Dai system to launch on Nov. 18 appeared first on The Block.
A deadly security flaw found on Ethereum platform MakerDAO would have allowed a malicious hacker to steal, well, everything.
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Although MKR is not available to trade, you can get price alerts, news, and more with a Coinbase account.