dYdX Partners with StarkWare to Scale Non-Custodial Exchange

2020-8-20 06:57

The decentralized margin exchange dYdX is working closely with StarkWare, a blockchain tech company that develops zero-knowledge products.

If successful, the results will provide traders with an efficient layer 2 that could significantly reduce trading fees and increase leverage possibilities. With the new solution, trades would be instant, comparable to centralized counterparts like Binance and Coinbase.

Other benefits from the partnership include the ease of creating new margin trading pairs, instant trade settlement, more effective price oracles, and the ability to use multiple perpetual contracts with a single account.

According to dYdX, the plan is to implement the new solution by the end of 2020.

Layer 2 solutions for ETH-based systems use the Ethereum blockchain for verification of off-chain transactions, significantly reducing the costs and gas fees. zkSTARKs, more commonly known as zero-knowledge proofs, are cryptographic proofs that enable users to conduct transactions while maintaining the privacy of the transactors.

StarkWare has been working with the technology since its inception in 2018, working hard to solve both scalability and privacy. dYdX launched in 2017 and set a standard for decentralized margin trading and crypto derivatives.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Safe Exchange Coin (SAFEX) на Currencies.ru

$ 0.0054306 (-0.25%)
Объем 24H $1.742k
Изменеия 24h: 1.41 %, 7d: -8.63 %
Cегодня L: $0.0053635 - H: $0.0055227
Капитализация $6.099m Rank 99999
Доступно / Всего 1.123b SAFEX

dydx exchange starkware successful products zero-knowledge results

dydx exchange → Результатов: 15


Decentralized Trading Platform, dYdX, Launches Ethereum-Settled Perpetual Contracts

dYdX, a decentralized exchange (DEX), announced the launch of Ethereum perpetual swaps on its platform with trading going live August 4, 2020. The ETH-USD Inverse Perpetual Contract Market will allow the users to margin trade up to 10x leverage on their EH collateral and bet on the future price of ETH. Speaking on the launch […]

2020-8-4 21:31