MakerDAO and OmiseGO Announce DAI Collaboration

OmiseGo will be able to store value both in Dai and on the OMG network, and become a benchmark against which other things can be valued
11 April 2018   487

Yesterday MakerDAO and OmiseGo have both published the announcements about mutual collaboration aiming to enable the next generation of financial tools on the blockchain. The OmiseGO is building a platform that provides a scaling solution for finance on Ethereum, enabling transparent, peer-to-peer transactions in real-time, and MakerDAO announced that its Dai cryptocurrency will be available on the OmiseGo network.

Dai is a cryptocurrency that is price stabilized against the value of the U.S. Dollar. Dai is created by the Dai Stablecoin System, a decentralized platform that runs on the Ethereum blockchain.

Maker and OmiseGO PartnershipMaker and OmiseGO Partnership

According to the announcement, OmiseGo will be able to store value both in Dai and on the OMG network, and become a benchmark against which other things can be valued.

Soon, OmiseGo will release more information regarding multi-collateral Dai, as there will be a variety of collateral options that can be used in the creation of a Collateralized Debt Position. OmiseGo will be among the first of these multi-collateral options available for CDP creators.

At the moment of press, these are main market parameters of DAI:

  • Average Price: $0,998006
  • Market Cap: $21 242 181
  • 24h Vol: $15 461 100

Buterin and OmniseGO to Urge to Boycott Consensus 2018

Co-founder of Ethereum is angry on popular web media due to number of articles and, as he says, link to scam website
27 April 2018   1103

Creator of Ethereum Vitalik Buterin and team of OmiseGO project announced a boycott of the upcoming conference Consensus 2018, organized by the CoinDesk. The reason for this was, in particular, two materials of the agency, one of which published a direct link to the web-site of scammers, and in the other - "sensational" information about the alleged Ethereum's hardfork.

Vitalik Buterin Twitter
Vitalik Buterin Twitter

He also noted that he had already warned media in such mistakes.

Vitalik Buterin Twitter
Vitalik Buterin Twitter

OmniseGO team decided to join Vitalik.

OmniseGO Twitter
OmniseGO Twitter

Buterin also criticized the EIP 999 related article.

Vitalik Buterin Twitter
Vitalik Buterin Twitter

It is worth noting that at the time of publication of the CoinDesk note, it was already known that representatives of the Ethereum community voted against the unlocking of 513 000 ETH on Parity wallets, and the developers of Parity Technologies assured that they did not achieve the new Ethereum hardware. Since then, the material CoinDesk has been repeatedly edited, but the screenshots of the original text can be easily found on the Internet.

Vitalik also reported on "gotchas".

Vitalik Buterin Twitter
Vitalik Buterin Twitter

He also said that he won't support the "level of rent seeking" of the conference.

Vitalik Buterin Twitter
Vitalik Buterin Twitter

Response from CoinDesk editor Pete Rizzo was quick and rough.

Pete Rezzo Twitter
Pete Rezzo Twitter

He also told about "bully pulpit move".

Pete Rezzo Twitter
Pete Rezzo Twitter

At the same time, the OmiseGO team wrote on Twitter that "People’s livelihoods are on the line when we fail to vet our sources."

OmniseGO Twitter
OmniseGO Twitter

Earlier Vitalik Buterin locked in a Twitter-drama with Australian businessman Craig Wright during the Bitcoin Cash promotional presentation.