MakerDAO founder Rune Christensen has published an article in the community titled "Explore a fork of the Solana codebase for NewChain" which states that the fifth and final stage of the Endgame is to rebuild the MakerDAO protocol on a new independent blockchain called NewChain.
This upcoming new native chain for MakerDAO is intended to be built off of a fork of Solana's codebase, not the Ethereum Virtual Machine, despite the protocol's has been runing on Ethereum since its launch.
The final phase is expected to take at lease 3 years or even longer to complete, and it wil be a full re-implementation of the Maker Protocol on a new stand-alone blockchain.
In the proposal, Rune described Solana's codebase as the "Most promising" option to explore and offered three key reasons, including Solana codebase's technical quality, the resilience shown after gone through the FTX blowup and several other challenges, and finally existing examples of the Solaba codebase being forked and adapted to develop NewChain.
The primary reason for NewChain is its ability to allow the ecosystem to recover from the most severe governance attacks or technical failures through a hard fork. It also enables the system to address technical debt in the protocol that extends up to 8 years and implies that all components of the protocol can be purposefully reconstructed based on their exact role in the final, permanent Endgame technical design.
Stay updated with the most important cryptocurrency news and valuable insights, conveniently delivered to your email every day. Subscribe to the TokenInsight mailing list now!
Prefer social media? Follow us on Twitter, or subscribe to our Telegram channel!
If you have news reports or announcements that you want to reach a wider audience, feel free to email us at news@tokeninsight.com
DeFi
Solana
