Coinspeaker
OKX to Launch zkEVM Layer 2 Network Atop Polygon CDK
On Tuesday, November 14, OKX announced that it is introducing a Layer 2 network based on Ethereum’s zero-knowledge (ZK) technology, developed in collaboration with the Polygon Chain Development Kit (CDK). Additionally, OKX will play a pivotal role as a core contributor to the Polygon CDK.
X1 shall function as OKX’s latest native network, linking its extensive user base of over 50 million individuals to the wider Polygon and Ethereum communities. The native token for X1 will be OKX’s platform token, OKB, designed to cover gas fees on the network. Besides, an operational testnet for X1 is currently active.
X1, a cutting-edge and user-friendly protocol tailored for developers, creators, and Web3 enthusiasts, incorporates ZK proofs for enhanced security and scalability. Additionally, it also offers lowered transaction costs. Its compatibility with Ethereum ensures smooth and secure deployment of EVM-based decentralized
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