Kenny Rowe of RChain and MakerDAO on stable coins, their benefits, downsides and potential uses

Kenny Rowe talks about stable coins,  their benefits and downsides and potential uses. He also discusses the  third generation of blockchain technology, and its differences from  previous iterations. This is the first part of our interview with Kenny.   

Kenny Rowe  is currently the COO of the RChain, a third generation blockchain  platform, an advisor to CoinFund, and an early team member of MakerDAO.  Maker is one of the oldest decentralized autonomous organizations in the Ethereum ecosystem, and is the issuer and backer of the Dai stable coin.  

What we cover in this episode: 

• What is a stable coin?
• More than just Tether: the three types of stable coins available today, and their differences
• Why are stable coins useful for traders, and what is their function in everyday economies?
• Collateralized tokens as an answer to the centralization concern in cryptocurrencies  
• Maker’s model of collateral approach to the stable coin
• Use cases of Dai stable coin in real estate, how it produces additional value in the real world 
• Cryptocurrencies in different economies of the world
• How is the third generation blockchain technology different from other generations?

Resources:

• MakerDAO website
• RChain website
• CoinFund website
• Kenny Rowe
• Crypto Radio’s Thought Leaders Series