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dYdX will introduce its own blockchain in the Cosmos ecosystem


Decentralized derivatives exchange dYdX announced creating your own network using Cosmos SDK.

Its launch will take place as part of the dYdX V4 update, which involves going beyond the Ethereum ecosystem.

According to the dYdX Trading development team, the new version of the network will receive a fully decentralized offline order book and order matching mechanism. This is expected to allow the exchange to scale throughput.

The new dYdX network will be controlled by a distributed set of validators, not just the founding team. The update will launch in the coming months.

The exchange is currently powered by StarkEx, a layer-two Ethereum solution developed by StarkWare. The developers have not yet decided what they will do with the current version of the blockchain after the upgrade.

Recall that at the end of May, the StarkWare project raised $100 million at an estimate of $8 billion.

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My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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