Cryptocurrency Q&A
What chain is dYdX on?
What chain is dYdX on?
AltcoinExplorer
Sat Jun 29 2024
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6 answers
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Excuse me, I'm interested in exploring the decentralized finance space and have come across the platform called dYdX. Could you kindly enlighten me on which blockchain network does dYdX operate? I've heard of various blockchains such as Ethereum, Solana, and Polygon, but I'm not entirely sure which one powers this particular platform. Clarifying this detail would greatly assist me in understanding the underlying infrastructure and potential opportunities it presents. Thank you for your time and assistance in this matter.
6 answers
KDramaLegend
Mon Jul 01 2024
dYdX operates primarily through the utilization of smart contracts, a cornerstone technology of the Ethereum blockchain.
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Alessandra
Mon Jul 01 2024
This framework enables dYdX to facilitate trades in a decentralized manner, eliminating the need for traditional intermediaries.
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BlockchainVisionary
Mon Jul 01 2024
Users can interact directly with the smart contracts, executing trades in a secure and transparent environment.
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SsamziegangSerenade
Sun Jun 30 2024
The absence of intermediaries not only reduces costs but also enhances the speed and efficiency of transactions.
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BonsaiVitality
Sun Jun 30 2024
dYdX's model ensures that trades are executed in a trustless manner, relying solely on the predefined rules encoded in the smart contracts.
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