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Rune Christensen stated that Solana’s codebase should be the foundation of MakerDAO’s upcoming blockchain, as he highlighted that it’s optimized for building “highly efficient blockchains.” MakerDAO co-founder Rune Christensen has submitted a proposal to build the decentralized finance project’s upcoming native chain off of a fork of Solana’s codebase, and not the Ethereum Virtual Machine despite its long-running ties with Ethereum. MakerDAO’s native chain or what is currently dubbed as “NewChain,” is part of the fifth and final phase of the MakerDAO “Endgame” upgrade announced in May. The final phase is expected to take around three years to complete, and it will see the full re-implementation of the Maker Protocol into a new stand-alone blockchain. In a Sept. 1 X (Twitter) post highlighting the proposal, Christensen stated that: “After some research, I believe the Solana codebase should be considered as the basis for NewChain.” The last phase of Endgame is the launch of a native ...

Regulating cryptocurrencies is challenging due to the difficulty of categorizing them as commodities or securities. Their decentralized nature and unique requirements make placing them in a single category hard. As digital currencies are intended to operate independently of government control, the debate on their classification continues to spark controversy. This is what happens to Ethereum, too, as the asset wasn’t created to be only a commodity like Bitcoin is. Although ether can be used for transactions, the blockchain is much more than a simple network for digital exchanges. It includes learning and creating opportunities for developers who want to deploy dapps, non-fungible tokens (NFTs), and more. A recent debate about what Ethereum exactly is arose recently, and the co -founder of Ethereum spoke up about it. Ethereum is a commodity, not a security In a recent interview with CNBC, Joseph Lubin, the co-founder of Ethereum and CEO of ConsenSys discussed how crypto...