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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 includes going beyond
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 includes 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 begin in the coming months.
The exchange is currently powered by StarkEx, a second-tier Ethereum solution developed by StarkWare. The developers have yet to decide what to do with the current version of the blockchain after the upgrade.
Recall that at the end of May, the StarkWare project raised $ 100 million with an estimate of $ 8 billion.
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Source: Fork Log
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