⛓️Decentralization

Web3 compatible decentralized system

The DEXPIRY system is based on Blockchain distributed ledger technology (DLT).

The DEXPIRY decentralized application (dApp) enables users to interact with the DEXPIRY database and the Blockchain, on which records of the creation and transactions of DEXPIRY tokens are permanently stored.

The DEXPIRY dApp is configured to interact with the Optimism Blockchain Network (OP Mainnet), which is used as a "Layer 2" (L2) solution for scaling the Ethereum Blockchain. Optimism for scaling Ethereum uses the so-called "Optimistic Rollup", whose approach involves moving computing operations and storing state "off-chain". Thus, Optimism executes transactions outside the Ethereum network, but publishes transactions on the Ethereum Mainnet ascalldata. This effectively assumes the security, decentralization and transparency of the Ethereum blockchain and its "Proof of Stake" (PoS) consensus mechanism for reaching agreement between distributed nodes in order to prevent the validation of unauthorized transactions on the network.