MakerDAO’s NewChain and Why Solana?
MakerDAO is planning to launch their NewChain as part of their long-term strategic project, called the Endgame. The CEO of MakerDAO, Rune Christensen, has chosen Solana as the foundation for this new chain. This decision has significant implications for Solana, as it could potentially become a fork of the Solana codebase.
Key Points:
- NewChain is the final part of the MakerDAO upgrade, known as the Endgame.
- The launch of NewChain will make the ecosystem more secure and efficient.
- Solana was chosen over other options like Cosmos because of its technical quality, resilient ecosystem, and proven codebase.
- MakerDAO’s decision to choose Solana is a break from its current ties with Ethereum and the EVM.
- The development of NewChain could take another three years to complete.
More About MakerDAO’s Decision
MakerDAO’s decision to choose Solana over other options like Cosmos is due to Solana’s technical quality, resilient ecosystem, and proven codebase. While MakerDAO recognizes the importance of the EVM for user-facing applications, they believe that Solana’s backend is more in line with what NewChain needs.
Hot Take:
In a surprising move, MakerDAO has decided to break ties with Ethereum and the EVM in favor of exploring a Solana fork for their NewChain. This decision could have significant implications for both MakerDAO and Solana in the long term.
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