What is DAI? The question that has adorned the search engines with its presence lately, and DAI has been making the internet go round. Talking about DAI, it is termed as a stable coin but the main point of concern is why cryptocurrency despite being the famous one still not able to be a worldwide...
Category: Cryptocurrency
Cryptocurrency is a type of payment that can be exchanged online Cryptocurrency does not exist in physical form (like paper money) and is typically not issued by a central authority.
Cryptocurrency is a type of payment that can be exchanged online for goods and services. There are two types of digital currencies: regulated and unregulated. Several cryptocurrencies, including bitcoin and ethereum, are considered to be part of the virtual currency group. A cryptocurrency uses cryptography technology that keeps the transactions secure and authentic, and also helps to manage and control the creation of new currency units.
Virtual currency is a digital representation of value, other than a representation of the U.S. dollar or a foreign currency (“real currency”), that functions as a unit of account, a store of value, and a medium of exchange.
What is DAI? How Maker DAO is Suffused with DAI! How Does it Work?
For so long, we have been trying hard to get to know the intricacies of how DAI works and what’s the underlying mechanism for it. Surprisingly, we swept the confusion and have come with an explicit explanation for it. Start off with a simple term, what is DAI- DAI is a stable coin that equals...