Dai (DAI) is a digital stablecoin, meaning it is a cryptocurrency designed to maintain a stable price relative to the US Dollar. Dai is the first decentralized stablecoin on the Ethereum blockchain, created by the MakerDAO project. The goal of Dai is to provide a stable medium of exchange, with the same level of security, trust, and transparency as cryptocurrencies. Dai is decentralized, meaning that it is not controlled by any single entity, and is backed by a wide variety of Ethereum assets. How it works Why Dai(DAI)? Dai (DAI) is an incredibly revolutionary cryptocurrency created by the MakerDAO project.
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Author: NixCoin