dYdX Abandons Ethereum?! with Founder, Antonio Juliano
Bankless
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DYDX's Chain Shift: A Debate on Decentralization
This chapter explores DYDX's controversial decision to move away from Ethereum to its own app chain, raising critical questions about decentralization and the implications for user experience. The discussion dives into the philosophical tensions between the ideals of blockchain technology and the practicalities of governance, alongside the risks of increased centralization. Additionally, it examines the evolution of DYDX as it adapts to market demands, particularly in the context of transitioning to a stablecoin-driven model and its impact on user security and onboarding.
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