dYdX Chain Protocol Software V5.0 Upgrade Scheduled for June 7
CryptoNewsTerminal Staff04 Jun, 2024
dYdX Chain Protocol Software V5.0 Upgrade Scheduled for June 7
dYdX (DYDX), a decentralized cryptocurrency exchange, has announced that the "dYdX Chain Protocol Software V5.0 Upgrade Vote has passed by 98% in favor, and the V5.0 upgrade will take place at 0:15 AM UTC, on June 7th." This upgrade brings several enhancements and improvements to the dYdX blockchain, including: Support for new trading pairs and markets Improved performance and scalability * Enhanced security features dYdX users are advised to update their software to the latest version before the upgrade takes place. The upgrade is expected to be completed within a few hours, and there should be no downtime during the process. The dYdX Chain is a layer-2 scaling solution for the Ethereum blockchain. It is designed to provide faster and cheaper transactions than the main Ethereum network. The dYdX Chain is also home to a number of decentralized applications, including the dYdX exchange.
