Cryptocurrency Q&A
Is dYdX truly decentralized?
Is dYdX truly decentralized?
CherryBlossomBloom
Tue Oct 29 2024
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6 answers
1042
I'm exploring the concept of decentralization in the crypto world and came across dYdX. I'm curious to know if DYDX is really decentralized or if it has some centralized elements.
6 answers
JejuSunshineSoulMateWarmth
Thu Oct 31 2024
dYdX operates with a unique model that is partly decentralized.
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Silvia
Wed Oct 30 2024
Users on DYDX can engage in trading directly with each other.
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Federico
Wed Oct 30 2024
It leverages the Ethereum blockchain for its operations.
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BlockProducer
Wed Oct 30 2024
The peer-to-peer structure eliminates the need for an intermediary.
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Giulia
Wed Oct 30 2024
This blockchain technology ensures transparency and security.
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