MakerDAO Co-Founder Proposes NewChain on Solana Codebase, Diverging from Ethereum
Summary:
MakerDAO co-founder Rune Christensen proposes building the native chain "NewChain" off of a fork of Solana's codebase, deviating from its ties with Ethereum. The Solana codebase is considered the most promising option due to its technical quality and efficiency. This move aims to enhance the security and efficiency of MakerDAO's ecosystem. NewChain will serve as a back-end for SubDAO tokenomics and governance security, while Maker (MKR) and Dai (DAI) will continue on Ethereum.
MakerDAO co-founder Rune Christensen has proposed building the project's upcoming native chain, known as "NewChain," using a fork of Solana's codebase instead of the Ethereum Virtual Machine. This decision marks a significant departure from MakerDAO's longstanding association with Ethereum. The NewChain project is part of the final phase of MakerDAO's "Endgame" upgrade, which is expected to take around three years to complete. Christensen believes that the Solana codebase is the most suitable option for NewChain due to its technical quality and optimization for operating a highly efficient blockchain. Additionally, he highlights Solana's resilience and strong developer ecosystem as compelling reasons to consider it as the foundation for NewChain. By leveraging the Solana codebase, MakerDAO aims to fix the technical debt and enhance the security and efficiency of its ecosystem. While the EVM is essential for user-related functionalities, it does not align with MakerDAO's specific backend requirements. NewChain will primarily serve as a back-end for SubDAO tokenomics and governance security, while Maker (MKR) and Dai (DAI) will continue to operate on Ethereum.
Published At
9/2/2023 3:51:20 AM
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