MakerDAO co-founder proposes fork of Solana codebase for native chain


MakerDAO co-founder Rune Christensen has submitted a proposal to construct the decentralized finance project’s upcoming native chain off a fork of Solana’s codebase, not the Ethereum Virtual Machine (EVM), regardless of its long-running ties with Ethereum.

MakerDAO’s native chain, dubbed “NewChain,” is an element of the fifth and last section of the MakerDAO “Endgame” upgrade announced in May.

The last section is anticipated to take round three years to finish, and it’ll see the total re-implementation of the Maker protocol into a brand new stand-alone blockchain.

In a Sept. 1 X (previously Twitter) put up highlighting the proposal, Christensen said: “After some research, I believe the Solana codebase should be considered as the basis for NewChain.”

In the proposal on the MakerDAO discussion board, Christensen described Solana’s codebase because the “most promising” choice to discover, as he supplied three key explanation why he thinks it ought to be used as the muse for NewChain.

Firstly, he highlighted the “technical quality” of the Solana codebase and argued that it’s “highly optimized for the purpose of operating a singular, highly efficient blockchain.”

“The Solana codebase is engineered well and benefits from being designed long after the bottlenecks and challenges of blockchains were already well understood, which fits nicely with the objective of NewChain itself in fixing the technical debt of Maker.”

Secondly, Christensen argued that the Solana ecosystem has “proven its resilience by having gone through the FTX blowup” and several other different challenges with out crumbling.

As such, the MakerDAO co-founder instructed that the Solana ecosystem will probably stick round long run, sustaining a “high-quality pool of talent available for Maker to access and contribute to” whereas offering a cheap avenue to construct and keep NewChain.

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Finally, Christensen famous that as “there already exists examples of the Solana codebase being forked and adapted to act as appchains,” MakerDAO might comply with the same course of to develop NewChain.

Back on Twitter, Christensen was questioned on why he favored utilizing Solana code over the EVM.

Christensen famous that whereas the EVM is the “most important when it comes to building stuff for users, since that’s where the users are,” it doesn’t swimsuit MakerDAO’s particular necessities on the backend.

NewChain will likely be a backend for the mission’s SubDAO tokenomics and governance safety. On the opposite aspect, its governance token Maker (MKR) and stablecoin Dai (DAI) will proceed functioning as regular on Ethereum.

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