“Okx Launches X1, a Layer-2 ZK Network on Polygon CDK“
Okx, the sixth largest exchange in the crypto industry, has announced the launch of its layer-2 ZK cryptographic network in collaboration with the “Polygon Chain Development Kit” (CDK). The new infrastructure, called “X1,” will be launched in the mainnet in the first quarter of 2024 and will use the OKB exchange’s native token as a resource for paying gas fees. This move aligns Okx with a hot trend of developing blockchains based on zero-knowledge evidence technology, with other major companies also launching similar networks.
The X1 network is built on the Polygon stack and leverages zero-knowledge cryptographic proof-of-concept technology. It will provide high levels of security and scalability while offering a simple and cost-effective environment for developers to build decentralized applications in the web3 industry. The mainnet launch is scheduled for Q1 2024, ahead of an anticipated bull market that could boost assets registered on this new layer-2 blockchain.
“Hot Take: OKX Unveils New Layer-2 ZK Network“
Okx’s announcement reflects the ongoing success and growth of layer-2 networks using zero-knowledge proofs within the Ethereum ecosystem. With X1, Okx aims to offer a secure, scalable, and user-friendly environment for developers to build Web3 applications while maintaining interoperability with other networks and ecosystems. This move positions Okx as a key player in the evolving world of blockchain technology.
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