dYdX outline plans for full decentralization in late 2022 By Cointelegraph
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dYdX, the layer-two derivates protocol, has published the fourth iteration of its roadmap detailing its intentions to evolve into an open-source, community-governed and fully decentralized exchange by the end of this calendar year.
The platform currently runs on a hybrid model whereby a portion of operations are decentralized, most notably staking and governance, while other components, such as the off-chain order book and matching engine, are managed by dYdX Trading Inc, alongside external support from a number of partnered centralized servers such as Amazon (NASDAQ:) Web Services.
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Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
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dYdX, the layer-two derivates protocol, has published the fourth iteration of its roadmap detailing its intentions to evolve into an open-source, community-governed and fully decentralized exchange by the end of this calendar year.
The platform currently runs on a hybrid model whereby a portion of operations are decentralized, most notably staking and governance, while other components, such as the off-chain order book and matching engine, are managed by dYdX Trading Inc, alongside external support from a number of partnered centralized servers such as Amazon (NASDAQ:) Web Services.
Continue Reading on Coin Telegraph
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.