The new blockchain called NewChain will be closely linked to Ethereum, promising increased governance security for the ecosystem.
MakerDAO, the issuer of the DAI stablecoin, revealed its plans for a major update it calls “Endgame,” and this comes after the platform recently published Detailed roadmap for the next update.
According to the May 11 announcement, the update will take place in five phases and will affect changes that will use artificial intelligence (AI) tools and eventually lead to the creation of a new blockchain. Part of the post reads:
“The update will take AI tools and apply them to open, scalable processes.”
MakerDAO strives to create the most widely used stablecoin
Meanwhile, according to the roadmap it published, MakerDAO is looking forward to ensuring that the project produces the most widely used stablecoin in the world in the next three years. To achieve this, Endgame will first seek to streamline the Maker ecosystem by unifying the Maker governance token (MKR) and the Dai stablecoin (DAI).
MakerDAO co-founder Ron Christensen also shed more light on the platform’s plans. According to him, the first phase of simplification will take place under a new unified brand identity. At this point new standardized tokens will also be issued. However, users have the option to upgrade old tokens or not.
The next phase will see Maker release 6 new sub-parent organizations that can be raised by users. Christensen says these SubDAOs will enable unauthorized innovation and appropriation of safeguards. With this plan, Maker hopes to remove costs and reduce complexities that may arise from day-to-day operations.
In the next phase, MakerDAO will introduce AI tools that will allow for governance monitoring. This is when users will be able to summarize and create governance proposals, albeit with the help of artificial intelligence. However, it should be noted that only those who have the new codes for Maker can access this feature.
The fifth will see MakerDAO offering incentives to participate in governance. Finally, it will launch a new blockchain in the sixth phase. According to Christensen, the new blockchain called NewChain will be closely linked to Ethereum, which promises to increase the governance security of the ecosystem.
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