In the crypto sphere, when you think you’ve seen it all, a new surprise arises to spice things up. Let’s talk about this revolution that is already making a lot of noise: the official launch of DYdX Chain. Hold on, it’s going to shake!
The new star of the Cosmos
It’s rare to see a crypto rise so quickly, but dYdX Chain is no ordinary. With its integration as a standalone Cosmos Layer 1, it promises to bring a breath of freshness and novelty.
Yes, you read that right, Cosmos! Who would’ve believed that ? In less time than it takes to say “Bitcoin”, dYdX deployed its alpha phase on the main network, thus marking its transition to version 4. A transition managed by whom? By the crypto community, of course! We love it when power is returned to the people. Some experts even predict the end of centralized platforms.
A little tip for insomniacs: avoid taking a nap at 1 a.m. EST. For what ? Because it was at this precise moment that dYdX Chain validators created the genesis block as reported The Block. In other words, the birth certificate of this rising crypto star.
And that’s just the beginning ! Charles d’Haussy, CEO of the dYdX Foundation, is full of praise for this progress. With years of development, the dYdX chain has been officially launched, opening a new chapter of complete decentralization.
dYdX, the Swiss army knife of crypto
But what makes dYdX so special, you ask? Well, for starters, it is the ultimate non-conservative decentralized crypto platform.
Built on Starkwire’s StarkEx scalability engine, it delivers speed, efficiency and cost-effectiveness. But that’s not all ! dYdX is not just a simple exchange platform. It allows lending, borrowing, trading crypto assets and much more.
Focused primarily on derivatives and margin trading, it is the ideal ally for those looking to diversify their portfolios. And with an ICO taking place in 2019, dYdX has it all.
Crypto is an evolving field, with dYdX Chain as the latest big thing. This progress illustrates the promising future that awaits the sector.
For crypto enthusiasts, the journey has only just begun. Who knows what the future holds? One thing is certain: the potential is immense, but there are still risks. The recent example is this wave of trader liquidations.
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