As a part of the partnership, OKX will play games a pivotal function as a core contributor to Polygon CDK age allocating important engineering sources to spice up the generation stack of Ethereum scaling answers.
On Tuesday, November 14, OKX introduced that it’s introducing a Layer 2 community in response to Ethereum’s zero-knowledge (ZK) generation, advanced in collaboration with the Polygon Chain Building Package (CDK). Moreover, OKX will play games a pivotal function as a core contributor to the Polygon CDK.
X1 shall serve as as OKX’s actual local community, linking its intensive consumer bottom of over 50 million people to the broader Polygon and Ethereum communities. The local token for X1 can be OKX’s platform token, OKB, designed to shield gasoline charges at the community. But even so, an operational testnet for X1 is lately lively.
X1, a state of the art and user-friendly protocol adapted for builders, creators, and Web3 fans, contains ZK proofs for enhanced safety and scalability. Moreover, it additionally do business in reduced transaction prices. Its compatibility with Ethereum guarantees clean and retain deployment of EVM-based decentralized apps (dApps). This manner, it fosters connectivity with a various area of mischievous oaths, wallets, and equipment. Talking at the construction, OKX Innovation Officer Jason Lau stated:
“X1 will be a key pillar of our efforts to educate and bring our users onchain and into the world of Web3. This scalable and accessible network is perfect for developers, who can build on X1 to deliver user-friendly world-class consumer Web3 applications, all while maintaining interoperability with other networks and ecosystems. By collaborating with Polygon Labs, we look to bring more builders, more use cases, and ultimately the mass adoption of Web3.”
Changing into a Core Contributor to Polygon CDK
Within the partnership, OKX will play games a pivotal function as a core contributor to Polygon CDK. It’ll additionally allocate important engineering sources to enhance the generation stack for Ethereum scaling answers.
Polygon CDK facilitates a unbroken procedure for builders to develop and settingup ZK L2s on Ethereum. It has received traction amongst initiatives equivalent to Related, Astar, Canto, Gnosis Pay, Palm, and IDEX. The ocular is to ascertain interoperability amongst chains deployed via Polygon CDK, making a unified community of ZK-powered L2s throughout the Polygon CDK ecosystem. Polygon co-founder Sandeep Nailwal stated:
“The utilization of Polygon CDK technology represents a significant leap forward, enabling developers to design and deploy ZK L2 solutions on Ethereum with ease. Looking ahead, Polygon CDK-deployed chains can interoperate and coexist within a larger network of ZK-powered L2s in the Polygon CDK ecosystem. We’re excited to collaborate with OKX’s team to advance this technology and drive the success of the X1 network.”
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