Today news
About the same in other media
Decentralized dYdX Went Down Due to Reliance on Centralized Cloud Services
Reading now: 610
Decentralized exchange (DEX) dYdX was down for 9 hours Monday afternoon to Tuesday morning, due to a major outage that hit Amazon's cloud-service network Amazon Web Services (AWS), once again stirring up debates about decentralization.
Some commenters have questioned whether a decentralized protocol that relies on services from a centralized corporation is really decentralized.
"Time to retire "decentralized finance". We aren't decentralized, the old guard will keep trying to use it as their "attack" vector. "Open finance" or "web3 finance" is probably most accurate," said Andre Cronje, founder of Yearn Finance (YFI).
Back in October, when Facebook (now Meta) and its family of apps went offline, crypto advocates highlighted how decentralized
Read more on cryptonews.comAbout this in other media
Decentralized firm partners exclusive NFT designer in events ticketing solution cointelegraph.com /2 years ago
Team releases launchpad and first decentralized exchange on the Shiden Network cointelegraph.com /2 years ago
AXL Decentralized Exchange to Launch Its Token Pre-Sale on December 18th cryptonews.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
