Vitalik Buterin Divests from MakerDAO as NewChain Development Discussed
Vitalik Buterin, co-founder of Ethereum, has divested his remaining holdings in MakerDAO, liquidating 500 tokens for 353 ETH. This decision followed a blog post by MakerDAO CEO Rune Christensen discussing the future development of MakerDAO on a new blockchain called NewChain. Christensen suggested forking the platform from Solana’s codebase, citing its technical robustness and successful forks like the Pyth Network. NewChain aims to enhance the network effects of the multi-chain financial ecosystem by serving as a secure intermediary between Ethereum and Solana. Meanwhile, Solana co-founder Anatoly Yakovenko addressed the potential liquidation of SOL tokens by the bankrupt FTX exchange, advocating for a distribution to affected users.
Key Points:
- Vitalik Buterin sells remaining MakerDAO tokens for 353 ETH
- Rune Christensen discusses the development of MakerDAO on NewChain
- NewChain may be forked from Solana’s codebase
- Anatoly Yakovenko advocates for distribution of SOL tokens to affected FTX users
- Yakovenko acknowledges Ethereum’s influence on Solana’s technology
Hot Take:
These recent developments highlight the potential of Solana’s technology in the crypto space. With Vitalik Buterin divesting from MakerDAO and supporting the development of NewChain on Solana’s codebase, it’s evident that Solana has garnered recognition and credibility. Additionally, Anatoly Yakovenko’s endorsement of Ethereum’s technology further solidifies the influence and importance of the Ethereum ecosystem. As the multi-chain financial ecosystem continues to evolve, it will be interesting to see how NewChain and Solana contribute to its growth and adoption.
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