{"id":63308,"date":"2022-06-22T17:39:50","date_gmt":"2022-06-22T14:39:50","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=63308"},"modified":"2025-09-05T23:18:41","modified_gmt":"2025-09-05T20:18:41","slug":"dydx-to-launch-its-own-blockchain-in-the-cosmos-ecosystem","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/dydx-to-launch-its-own-blockchain-in-the-cosmos-ecosystem\/","title":{"rendered":"dYdX to launch its own blockchain in the Cosmos ecosystem"},"content":{"rendered":"<p>The decentralised derivatives exchange dYdX <a href=\\\"https:\/\/twitter.com\/dYdX\/status\/1539607062291877889?s=20&#038;t=iQNrxTFZ6Zux49tjdO7tMw\\\">announced<\/a> the creation of its own network using Cosmos <span data-descr=\\\"software development kit \u2013 kit for software development\\\" class=\\\"old_tooltip\\\">SDK<\/span>.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">We\u2019re excited to announce that dYdX V4 will be developed as a standalone Cosmos-based blockchain! \ud83d\udd17\ud83c\udf89<a href=\\\"https:\/\/t.co\/zQzZMIpzWO\\\">https:\/\/t.co\/zQzZMIpzWO<\/a><\/p>\n<p>\u2014 dYdX (@dYdX) <a href=\\\"https:\/\/twitter.com\/dYdX\/status\/1539607062291877889?ref_src=twsrc%5Etfw\\\">June 22, 2022<\/a><\/p><\/blockquote>\n<p> <script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script>\\n\\n\\n\\n<\/p>\n<p>Its launch will come as part of the dYdX V4 upgrade, which envisages moving beyond the Ethereum ecosystem.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>According to the dYdX Trading development team, the new version of the network will feature a fully decentralised autonomous order book and a matching engine. It is expected to allow the exchange to scale its throughput.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>The new dYdX network will be governed by a distributed set of validators, not solely by the founding team. The upgrade launch is expected in the coming months.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>The exchange currently operates on StarkEx, <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-a-layer%e2%80%912-solution-in-blockchain\">an Ethereum-based second-layer solution<\/a> developed by StarkWare. The developers have not yet decided what they will do with the current blockchain version after the upgrade.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>Back in May, StarkWare <a href=\"https:\/\/u1f987.com\/en\/news\/starkware-project-raises-100-million-in-series-d-at-an-8-billion-valuation\">raised $100 million at an $8 billion valuation<\/a>.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>Read ForkLog&#8217;s Bitcoin news in our <a href=\\\"https:\/\/telegram.me\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The decentralised derivatives exchange dYdX announced the creation of its own network using Cosmos SDK.<\/p>\n","protected":false},"author":1,"featured_media":26216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[25,1173,1337],"class_list":["post-63308","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-blockchain","tag-cosmos-atom","tag-dydx"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/63308","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=63308"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/63308\/revisions"}],"predecessor-version":[{"id":63309,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/63308\/revisions\/63309"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/26216"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=63308"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=63308"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=63308"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}