HomeTechnologyMakerDAO co-founder proposes fork of Solana codebase for native chain

MakerDAO co-founder proposes fork of Solana codebase for native chain

MakerDAO co-founder Rune Christensen has submitted a proposal to construct the decentralized finance mission’s upcoming native chain off a fork of Solana’s codebase, not the Ethereum Digital Machine (EVM), regardless of its long-running ties with Ethereum.

MakerDAO’s native chain, dubbed “NewChain,” is a part of the fifth and closing section of the MakerDAO “Endgame” improve introduced in Could.

The ultimate section is predicted to take round three years to finish, and it’ll see the complete re-implementation of the Maker protocol into a brand new stand-alone blockchain.

In a Sept. 1 X (previously Twitter) submit highlighting the proposal, Christensen said: “After some research, I believe the Solana codebase should be considered as the basis for NewChain.”

Within the proposal on the MakerDAO discussion board, Christensen described Solana’s codebase because the “most promising” choice to discover, as he provided three key explanation why he thinks it needs to be used as the muse for NewChain.

Firstly, he highlighted the “technical quality” of the Solana codebase and argued that it’s “highly optimized for the purpose of operating a singular, highly efficient blockchain.”

“The Solana codebase is engineered well and benefits from being designed long after the bottlenecks and challenges of blockchains were already well understood, which fits nicely with the objective of NewChain itself in fixing the technical debt of Maker.”

Secondly, Christensen argued that the Solana ecosystem has “proven its resilience by having gone through the FTX blowup” and a number of other different challenges with out crumbling.

As such, the MakerDAO co-founder advised that the Solana ecosystem will seemingly stick round long run, sustaining a “high-quality pool of talent available for Maker to access and contribute to” whereas offering an economical avenue to construct and keep NewChain.

Associated: Controversy as MakerDAO’s Spark Protocol blocks customers with VPNs

Lastly, Christensen famous that as “there already exists examples of the Solana codebase being forked and adapted to act as appchains,” MakerDAO may comply with the same course of to develop NewChain.

Again on Twitter, Christensen was questioned on why he favored utilizing Solana code over the EVM.

Christensen famous that whereas the EVM is the “most important when it comes to building stuff for users, since that’s where the users are,” it doesn’t go well with MakerDAO’s particular necessities on the backend.

NewChain will likely be a backend for the mission’s SubDAO tokenomics and governance safety. On the opposite aspect, its governance token Maker (MKR) and stablecoin Dai (DAI) will proceed functioning as ordinary on Ethereum.

Journal: Recursive inscriptions — Bitcoin ‘supercomputer’ and BTC DeFi coming quickly

Supply: https://cointelegraph.com/information/maker-dao-co-founder-proposes-solana-codebase-fork-native-chain


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