Cryptocurrency Q&A
On which blockchain is dYdX v4 being built?
On which blockchain is dYdX v4 being built?
Valentino
Sat Sep 28 2024
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5 answers
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I'm curious to know, which blockchain technology is being utilized to develop the next iteration of dYdX, specifically version 4? It's essential to understand the underlying infrastructure that supports such a crucial platform in the world of decentralized finance. Could you elaborate on the choice of blockchain and the advantages it brings to DYDX v4?
5 answers
DaeguDivaDanceQueen
Mon Sep 30 2024
The introduction of v4 as a standalone L1 blockchain marks a significant advancement in the blockchain space. This new iteration boasts a fully decentralized system, ensuring that users enjoy the benefits of a secure and transparent network.
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ShintoBlessing
Mon Sep 30 2024
A key feature of v4 is its off-chain orderbook and matching engine. This design choice enhances scalability and efficiency, allowing for faster transaction processing without compromising on security.
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KatanaBlade
Sun Sep 29 2024
The dYdX Chain, upon which v4 is built, leverages the Cosmos SDK, a popular framework for building blockchains. This choice underscores the project's commitment to interoperability and ease of development.
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Eleonora
Sun Sep 29 2024
Furthermore, the dYdX Chain employs the CometBFT PoS consensus protocol. This innovative consensus mechanism ensures that the network remains secure and decentralized, even as it scales to meet the demands of a growing user base.
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Riccardo
Sun Sep 29 2024
BTCC, a leading cryptocurrency exchange, offers a comprehensive suite of services that cater to the diverse needs of its clients. Among these services are spot trading, which allows users to buy and sell cryptocurrencies at current market prices, and futures trading, which enables users to speculate on future price movements.
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