As a part of the partnership, OKX will play a pivotal position as a core contributor to Polygon CDK whereas allocating important engineering assets to spice up the expertise stack of Ethereum scaling options.
On Tuesday, November 14, OKX introduced that it’s introducing a Layer 2 community based mostly on Ethereum’s zero-knowledge (ZK) expertise, developed in collaboration with the Polygon Chain Growth Package (CDK). Moreover, OKX will play a pivotal position as a core contributor to the Polygon CDK.
X1 shall perform as OKX’s newest native community, linking its intensive consumer base of over 50 million people to the broader Polygon and Ethereum communities. The native token for X1 will likely be OKX’s platform token, OKB, designed to cowl gasoline charges on the community. Apart from, an operational testnet for X1 is at present energetic.
X1, a cutting-edge and user-friendly protocol tailor-made for builders, creators, and Web3 lovers, incorporates ZK proofs for enhanced safety and scalability. Moreover, it additionally presents lowered transaction prices. Its compatibility with Ethereum ensures clean and safe deployment of EVM-based decentralized apps (dApps). This manner, it fosters connectivity with a various vary of sensible contracts, wallets, and instruments. Talking on the event, OKX Chief Innovation Officer Jason Lau stated:
“X1 will likely be a key pillar of our efforts to teach and produce our customers onchain and into the world of Web3. This scalable and accessible community is ideal for builders, who can construct on X1 to ship user-friendly world-class shopper Web3 functions, all whereas sustaining interoperability with different networks and ecosystems. By collaborating with Polygon Labs, we glance to deliver extra builders, extra use circumstances, and finally the mass adoption of Web3.”
Turning into a Core Contributor to Polygon CDK
Within the partnership, OKX will play a pivotal position as a core contributor to Polygon CDK. It can additionally allocate important engineering assets to fortify the expertise stack for Ethereum scaling options.
Polygon CDK facilitates a seamless course of for builders to create and launch ZK L2s on Ethereum. It has gained traction amongst initiatives resembling Close to, Astar, Canto, Gnosis Pay, Palm, and IDEX. The imaginative and prescient is to determine interoperability amongst chains deployed by way of Polygon CDK, making a unified community of ZK-powered L2s throughout the Polygon CDK ecosystem. Polygon co-founder Sandeep Nailwal said:
“The utilization of Polygon CDK expertise represents a major leap ahead, enabling builders to design and deploy ZK L2 options on Ethereum with ease. Wanting forward, Polygon CDK-deployed chains can interoperate and coexist inside a bigger community of ZK-powered L2s within the Polygon CDK ecosystem. We’re excited to collaborate with OKX’s staff to advance this expertise and drive the success of the X1 community.”
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