Cryptocurrency Q&A
Is MakerDAO on Ethereum?
Is MakerDAO on Ethereum?
Bianca
Fri Oct 25 2024
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6 answers
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I'm trying to understand if MakerDAO is built on the Ethereum platform. I've heard about Ethereum's decentralized applications and smart contracts, and I'm wondering if MakerDAO utilizes these features as it's often mentioned in the same breath as Ethereum.
6 answers
SamuraiWarriorSoulful
Sun Oct 27 2024
MakerDAO issues a governance token known as MKR.
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isabella_taylor_activist
Sun Oct 27 2024
The MKR token holds significant power as it allows its holder to actively participate in the governance of the DAO.
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MysticGlider
Sun Oct 27 2024
Holders of MKR can influence policy decisions and the direction of MakerDAO.
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CryptoMystic
Sun Oct 27 2024
MakerDAO, an acronym for Decentralized Autonomous Organization, began its operations in 2014.
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SoulStorm
Sun Oct 27 2024
Alongside governance, MakerDAO also issues a stablecoin called DAI.
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