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CoinDCX Transforms Okto Wallet into Comprehensive Web3 Platform
CoinDCX, a leading cryptocurrency exchange in India, has announced the expansion of its decentralized finance (DeFi) wallet service Okto Wallet into a streamlined Web3 platform for all things crypto. The company has transformed the Okto Wallet into a comprehensive ecosystem featuring a native blockchain, a points program, and a utility token that will power all activities within the network.
According to reports citing a shared press release, the upcoming blockchain, known as the Okto Chain, will serve as a public protocol designed to be more secure and decentralized. It will allow for broader participation by validators who help safeguard the network against malicious actors.
Support for Web3 Application Development
CoinDCX said the Okto Chain’s openness aims to make the protocol more accessible to users and software developers looking to build decentralized applications (dApps) without restrict
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