Crypto Derivatives Platform DYdX Is Developing Its Own Blockchain

Decentralized Exchange DYdX based on Ethereum layer-2 blockchains is developing its own blockchain. The new product from dYdX plans to be based on Cosmos, using Tendermint’s proof-of-stake consensus protocol to validate transactions.

DYdX is positioning itself as the largest decentralized derivatives exchange, with more than $690 million in trading volume in the past 24 hours.

[Via]

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