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.
Continue reading on Theblock.co