Last week, cryptocurrency derivatives exchange dYdX announced that it would be leaving the Ethereum ecosystem and launching its own blockchain within the Cosmos ecosystem. According to the founder of dYdX, a new channel will allow the platform to provide the best possible user experience – allowing the platform to easily customize things like fee structure and transaction speed. The new chain will replace dYdX's current platform built on StarkWare, an Ethereum scaling solution platform that uses ZK-rollup technology to enable fast and cheap transactions. This article originally appeared in Validity Score, CoinDesk's weekly newsletter that describes the evolution of Ethereum and its impact on the crypto market. Sign up to get it in your inbox every Wednesday. Although Layer 2 networks like StarkWare are expanding Ethereum's capabilities at a rapid pace, Ethereum's core protocol updates are lagging and competition from other smart contract ecosystems is stagnating. becoming more intense day by day. DYdX's decision to leave Ethereum is seen by some as proof that the original smart contract network simply didn't scale fast enough to meet the needs of a growing crypto ecosystem. mature. DYdX's journey - which has seen the platform pass Ethereum's layer 1 blockchain, move to StarkWare, and then exit Ethereum entirely - provides insight into two competing visions for the future of crypto electronic: world computer related applications. It's also a case study of Ethereum's Layer 2 weaknesses, often seen as a saving grace for a network struggling to scale.
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