DYDX to Launch Public Testnet of Cosmos-based Blockchain Next Week
DYDX, the decentralized exchange, announced that it will be launching the public testnet of its Cosmos-based blockchain earlier than expected. The DYDX Chain, built within the Cosmos ecosystem, has completed its Milestone 4 and currently has over 40 validators running the platform’s software. The testnet is scheduled to launch on July 5th at 1:00 p.m. ET (17:00 UTC).
Key Points:
– The public testnet will allow users to connect wallets, view the order book, place market orders, and access account information.
– Initially, the testnet will only support Bitcoin and Ethereum markets, but DYDX plans to include over 30 additional markets through future network upgrades.
– DYDX had previously launched a private testnet in March to work with a small number of external validators, testing the functionality of the platform.
– The mainnet launch, which completes Milestone 5, is planned for September.
Hot Take:
DYDX’s upcoming public testnet launch marks an important milestone in the development of its Cosmos-based blockchain. With impressive transaction volume growth in 2022, the platform is well-positioned to expand its market offerings and revolutionize decentralized exchange capabilities. Keep an eye on DYDX as it continues to innovate and shape the future of blockchain technology.
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