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Rune Christensen’s Proposal to Utilize Solana’s Codebase
Rune Christensen, the co-founder of MakerDAO, has put forward an innovative proposal to create MakerDAO’s forthcoming native chain. This proposed chain, named “NewChain,” is an essential element of the concluding phase of MakerDAO’s “Endgame” upgrade, which was unveiled in May.
Although MakerDAO has historically been linked with the Ethereum Virtual Machine (EVM), Christensen’s proposal advocates for the construction of NewChain using a fork of Solana’s codebase, instead of the EVM. This choice signifies a notable departure from its Ethereum origins and has the potential to alter the future direction of the decentralized finance (DeFi) initiative.
The fifth and final phase of the MakerDAO “Endgame” upgrade involves the total re-implementation of the Maker Protocol into an independent blockchain, a process expected to take around three years. In a Twitter post from September 1, Christensen expressed his preference for the Solana codebase for NewChain.
Choosing Solana for MakerDAO’s Upcoming Native Chain
In the proposal shared on the MakerDAO forum, Christensen detailed three primary reasons for considering Solana’s codebase as the optimal foundation for the development of NewChain.
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Firstly, he underscored Solana’s “technical quality,” highlighting its design for efficient blockchain functionality. Christensen pointed out that Solana’s codebase has been developed after a comprehensive understanding of blockchain issues and limitations, aligning with NewChain’s goal of resolving technical debt.
Secondly, Christensen mentioned Solana’s robustness, noting its capacity to endure challenges, including the FTX incident. This resilience, along with the pool of skilled individuals within the Solana ecosystem available for collaboration, makes it a compelling choice for the construction and upkeep of NewChain.
Lastly, Christensen referred to the flexibility of the Solana codebase for appchains. Given its history of successful forks and modifications, MakerDAO could utilize a similar approach to establish NewChain.
Christensen also responded to questions on Twitter regarding his preference for Solana over the Ethereum Virtual Machine. While he recognized the importance of the EVM for user-focused applications, he clarified that it does not meet the specific backend needs of MakerDAO’s NewChain.
The primary function of NewChain will be to facilitate the project’s SubDAO tokenomics and governance security. However, Maker’s governance token, Maker ($MKR), and its stablecoin, Dai ($DAI), will continue to function as usual on the Ethereum network.
In summary, Rune Christensen’s proposal to adopt Solana’s codebase for MakerDAO’s NewChain signifies a strategic initiative aimed at ensuring technical excellence, long-term sustainability, and efficiency in the development of the project’s native chain, marking a new chapter for MakerDAO within the dynamic realm of decentralized finance.
The post MakerDAO Explores Solana’s Codebase for Native Chain Development appeared first on BitcoinWorld.
