1.DAI is a stable decentralized cryptocurrency relative to the value of the dollar. It was created through the Makers Dai Stablecoin (MKR) system, which uses margin trading to respond to market fluctuations and preserve its value relative to the major currencies. world. Unlike other popular stablecoins whose value is directly supported by USD, DAI is backed by crypto-backed assets, and these assets can be publicly viewed on the Ethereum blockchain.
DAI is borrowed based on Ethereum. Anyone can create Dai - all you need is ETH and the technique to use a decentralized application (dApp).
2. DAI is a product of MakerDAO, founded by Rune Christensen, current CEO.
The current version of DAI is technically an updated version of stablecoins called multi-asset DAIs because it allows a variety of cryptocurrency assets to be used to create DAIs. The old version of DAI is now called SAI and is called DAI as a single collateral because it can only be created using ETH as collateral. The first cryptocurrency asset besides ETH accepted in the multi-asset DAI system is
Basic attention token (BAT).
