What is Maker (MKR)?

Maker (MKR) is a cryptocurrency that functions alongside the Dai coin as part of a smart contract platform on the Ethereum blockchain. It provides a stable alternative to volatile cryptocurrencies by maintaining the value of Dai close to one U.S. dollar. The MakerDAO team, led by Rune Christensen, created MKR as a governance token facilitating voting rights and transaction fee payments within the Maker system.