As long as huge price fluctuations plague the ecosystem, cryptocurrency could never be globally adopted as a currency for everyday real life transactions.

This is a brief overview of how MakerDAO and Dai works. There are many intricacies to the system, but I believe these are the main mechanisms in place if one wants a brief overview of how Maker gives Dai its stablecoin properties.

Even though cryptocurrency has progressed significantly since its inception, a few crucial problems are blocking its adoption as a real-world currency. One problem being: price fluctuations of a single coin can drastically change in a day, let alone an hour. …

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Sharon Manrique

Passionate about learning everything, from code to music, to blockchain.