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Building a decentralized exchange and appchain for perpetual contracts, with dYdX CEO Antonio Juliano

The Fintech Blueprint

CHAPTER

Building a Layer One Blockchain on L2 Infrastructure

There's a couple different places you can build smart contracts on. You could build them on an existing L1, whether that's something super decentralized like Etherum or Solana. Next place you can build is L2. I talked a little bit about zero knowledge based rollups. These are cool because they use this super fancy crypto primitive called zero knowledge proof to effectively compress more or less unbounded amount of data into a really small proof. And that's where all the scalability comes from. So these can be really cool because they can serve a pretty high amount of throughput without sacrificing on decentralization at all.

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