Last week, crypto derivatives exchange dYdX announced that it will be leaving the Ethereum ecosystem and launching its own blockchain within the Cosmos ecosystem. According to dYdX’s founder, a new chain will allow the platform to provide the best possible experience for its users – enabling the platform to more easily customize things like fee structures and transaction speeds.
The new chain will replace dYdX’s current platform built atop StarkWare, an Ethereum scaling solution platform that uses ZK-rollup technology to allow for quick and cheap transactions.
Even as layer 2 networks like StarkWare are expanding Ethereum’s capabilities at a rapid pace, updates to the core Ethereum protocol are lagging, and competition from other smart contract ecosystems is growing fiercer by the day.
DYdX’s decision to leave Ethereum has been viewed by some as evidence that the original smart contract network simply is not moving fast enough to accommodate the demands of a maturing crypto...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...