MahaDAO, a decentralized autonomous organization (DAO), recently announced the launch of MahaChain, a revolutionary blockchain with built-in robust economic policies powered by smart contracts.
Bearing a resemblance with policies issued by a central bank, MahaChain implements different economic policies, such as quantitative easing, buybacks, interest rates to promote and boost the growth of decentralized applications (DApp) within the MahaChain ecosystem in a decentralized environment.
MahaDAO is a name synonymous with decentralization that takes a community-centered approach to pave the way for a new and better financial world with a fair, non-concentrated reserve of wealth. The launch of MahaChain will further the vision of MahaDAO and create a scalable, secure and decentralized blockchain network.
MahaChain: The DAO-powered blockchain with built-in economic policies
MahaChain is set to launch in the first quarter of 2022, with the testnet having launched in January 2021. Moreover, the economic policies will be coded into MahaChain in early 2022 in a white paper written jointly by Steven Enamakel (MahaDAO creator) and Suhas Kulkarni (economist). The introduction of economic policies will help MahaDAO effectively create and govern a fully decentralized economy.
MahaChain is an Ethereum Virtual Machine (EVM) fork that uses a proof-of-stake consensus algorithm initially conceptualized by the POSDAO. Moreover, the blockchain will initially support 100 validator nodes elected through a decentralized voting mechanism involving MAHA tokenholders. With this dual-token design, the role of MAHA will increase further as a proof-of-stake token used to govern and secure ARTH.
Following the launch of MahaChain, MahaDAO will open its gate to the world of decentralized finance, nonfungible token gaming and DApp builders. Users can now deploy their DApps on MahaChain and receive MAHA tokens as economic rewards. However, the primary focus of the blockchain remains on high-inflation countries such as Venezuela, Argentina and Turkey. Residents of these countries can interact with an inflation-proof stable currency and simultaneously invest and interact with projects built on MahaChain.
MahaChain is unique and takes a different approach compared to other layer-one EVM chains in the industry. It will support interoperability starting from day zero with several bridgers to help users interact with DApps and tap onto the liquidity on the other blockchains, such as Ethereum, Polygon, Binance Smart Chain, from MahaChain.
MahaDAO is a community-powered DAO that aims to empower the world by preserving its purchasing power using ARTH, the world’s first Valuecoin. ARTH tackles United States dollar inflation and is resistant to financial crises and low volatility.
The other token, the MAHA token, plays a crucial role in the ecosystem, as it is the governance token for ARTH. It makes sure that the system remains decentralized and free from manipulation by any single entity. To learn more about MahaDAO, visit https://mahadao.com/.