Blockchain Technology Adoption defi

dYdX moves to Cosmos-based blockchain for V4 to optimize decentralization and trading flow

Reading now: 259

On Thursday, crypto derivatives platform dYdX, which is currently built on Ethereum Layer 2, announced that it would be moving to a standalone blockchain based on the Cosmos SDK and Tendermint proof-of-stake consensus for its V4 update.

The firm cites the Cosmos blockchain's decentralization and performance as reasons for being a "best fit" for building dYdX for V4.Currently, the existing dYdX protocol processes about 10 trades per second and 1,000 order placements and cancellations per second, with the goal to scale to magnitudes higher.

The website is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News