Major decentralized cryptocurrency exchange dYdX has quit Ethereum for Cosmos, choosing sovereignty over security.
The derivatives exchange has launched its own blockchain within the Cosmos ecosystem, abandoning Ethereum in a bear market.
Analysts predict Ethereum price could drop below $1,000 as the largest altcoin begins downtrend.
dYdX, a large decentralized exchange, has quit the Ethereum blockchain in favor of Cosmos, as the platform seeks sovereignty. The derivatives exchange launched a blockchain within Cosmos and promised the best experience to users.
dYdX prefers Cosmos ecosystem over Ethereum
dYdX recently announced that it has called quits on the Ethereum ecosystem and launched its own blockchain within Cosmos. Antonio Juliano, founder and CEO of dYdX, said that the new blockchain will allow the decentralized exchange to offer the best experience to users.
While quitting the Ethereum blockchain implies reduced security, the upside is the customized fee structures and...
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