Introducing dYdX Chain V4 developed as a standalone blockchain based on Cosmos SDK and Tendermint Proof-of-Stake consensus protocol.
dYdX V4 marks the full decentralization of the dYdX protocol with a unique combination of decentralization, scalability, and customizability that Cosmos offers. WHAT IS COSMOS Cosmos is a technology that makes it relatively easy to create a standalone blockchain with strong cross-chain capabilities. The Cosmos chains are based on Tendermint proof-of-stake consensus system. Cosmos offers high throughput and customizability. Each Cosmos chain traditionally has its own validators and Layer 1 staking toke. WHY A STANDALONE COSMOS BLOCKCHAIN dYdX embraces radical changes in technology that have the potential to dramatically improve the protocol. After exploring the landscape of current and upcoming blockchain technologies dYdX decided that Cosmos would allow them to build the best fully decentralized protocol. The main requirement for the V4 protocol is full decentralization. The decentralization of a system is equal to the decentralization of at least a decentralized component. Thi...