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MakerDAO Co-Founder Considers Solana for NewChain Implementation!

September 2, 2023
in Crypto Exchanges
Reading Time: 2 mins read
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Writer: Mustafa Mulla Sep 2, 2023 10:12

Mustafa has been writing about Blockchain and crypto since a few years. He has earlier buying and selling expertise and has been working within the Fintech business since 2017.

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MakerDAO co-founder Rune Submit has prompt exploring a fork of the Solana codebase for NewChain, the proposed new unbiased blockchain for the Maker protocol. Based on Submit, Solana is probably the most promising codebase for this mission, however Cosmos can be into account. This transfer is a part of the fifth stage of the Endgame plan, which envisions the implementation of your complete Maker protocol on a brand new blockchain. The usage of a definite blockchain will allow MakerDAO to operate independently whereas additionally enhancing effectivity and scalability. With Solana’s quick transaction speeds and Cosmos’ interoperability options, the way forward for MakerDAO on NewChain seems to be promising.

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Tags: CofounderConsidersImplementationMakerdaoNewChainSolana
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