DAI White Paper
-Dai is a decentralized, unbiased, collateral-backed cryptocurrency soft-pegged to the US Dollar.
-The Maker Protocol, also known as the Multi-Collateral Dai (MCD) system, allows users to generate Dai by leveraging collateral assets approved by Maker Governance.”
-Dai offers economic freedom and opportunity to anyone, anywhere.
Explained – Dai White Paper. Learn in depth about differnet coins on the blockchain by understanding whitepapers.
There is a lot to learn about this futuristic tech, lets get started to dive into the Dai white paper and start to leverage it to build a more secure and trusted ecosystem for Industry 4.0 applications.
We will deep dive into how the coin works by understanding the whitepaper and its summary. Dai (DAI).
Lets understand Dai (DAI) after going through the Dai white paper.
Without wasting any further time lets get started to dive right in and lets understand white paper first.
What is white paper?
A white paper is an informational, influential, well-structured document, usually published by an organization, to provide in-depth information about a specific solution.
A white paper is used to provide a good insight into the challenges for a specific problem and a proposed solution for the same.
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Dai White Paper
Dai white paper will be going to provide you, all the information that is needed to get started with Dai (DAI), including the inspiration for creating, the problem it is trying to solve and the solution proposed by Dai (DAI).
The Maker Protocol, also known as the Multi-Collateral Dai (MCD) system, allows users to generate Dai by leveraging collateral assets approved by Maker Governance.” Maker Governance is the community organized and operated process of managing the various aspects of the Maker Protocol. Dai is a decentralized, unbiased, collateral-backed cryptocurrency soft-pegged to the US Dollar. Resistant to hyperinflation due to its low volatility, Dai offers economic freedom and opportunity to anyone, anywhere.
This white paper is a reader-friendly description of the Protocol, which is built on the Ethereum blockchain. Technically savvy users might want to head directly to Introduction to the Maker Protocol in the Maker Documentation Portal for an in-depth explanation of the entire system.”
White Paper Link: Dai (DAI) White Paper
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