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dYdX is a layer-2 zk-rollup-based exchange that is definitely not decentralized in the sense that e.g. Uniswap is on layer-1. It still, however, inherits the se
by 0x64 5y ago
dYdX is a layer-2 zk-rollup-based exchange that is definitely not decentralized in the sense that e.g. Uniswap is on layer-1. It still, however, inherits the security guarantees of L1 despite not being directly intractable with from L1.
- space_rock 5y agoI already know they aren't decentralised And yet they claim right on the front page "Decentralized" Also L1 exchanges on Ethereum are arguably not decentralised. They delegate power to miners as a shortcut
- whoisninja 5y agoeven your L1 is 70% hosted nodes , why not just run an api on a trusted company's servers that verifies your balances using pub/priv keys and signatures you guys are up for rude awakening when this rube goldberg machine bricks
- diveanon 5y agoits been over a decade now. would like to point out that HN was also saying BTC was over valued at $1k. Didn't listen to you guys then, not going to now either.
- space_rock 5y agoWhat does this have to do with bitcoin? Their claims don't relate to bitcoin
- whoisninja 5y agoexactly
- whoisninja 5y agoBitcoin is decentralized, 13,000 nodes - mostly residiential nodes, not hosted. You're assuming too much.