Key Highlights;
- The fourth-largest crypto exchange, OKX, unveils its public mainnet for the new X Layer, powered by Polygon.
- X Layer is set to enhance user access to over 170 decentralized applications, with more on the horizon.
Yello ParadiseSquad! In a bold move in the competitive landscape of cryptocurrency exchanges, OKX has officially launched its layer-2 blockchain, X Layer, to the public. This development marks a significant step for OKX, positioning it alongside other major players like Coinbase and Kraken, who have also been expanding their technological footprints with similar initiatives.
The Tech Behind the Scene
X Layer, which was initially dubbed X1, leverages Polygon’s Chain Development Kit (CDK). This cutting-edge toolkit allows developers to craft their own chains using zero-knowledge technology, fostering a more customizable and efficient blockchain environment.
Joining the Layer-2 Movement
This launch aligns OKX with trends set by other industry giants. Last August, Coinbase rolled out its “Base” blockchain, constructed with Optimism’s OP Stack, and Kraken has shown interest in developing its layer-2 blockchain as well.
Integration and Innovation
In its press statement, OKX revealed plans for its developers to actively contribute to the CDK’s codebase. Moreover, X Layer will integrate into the broader Polygon ecosystem through the AggLayer, which aims to consolidate liquidity across various networks developed with Polygon’s technology.
User Onboarding and Benefits
Mark Boiron, CEO of Polygon Labs, highlighted that OKX’s 50 million users would now find it easier to transition to X Layer and explore the interconnected chains within the AggLayer. Launched on a testnet back in November, X Layer now supports access to a thriving community of over 170 decentralized applications (dapps), with promises of more innovative additions soon.
A Vision for the Future
OKX’s Chief Marketing Officer, Haider Rafique, likened X Layer and other layer-2 chains to the infrastructure highways of the Web3 world. He described dApps as the bustling marketplaces and self-hosted wallets as the vehicles that transport users through this advanced digital landscape.
Looking Ahead
As X Layer goes live, it opens up new pathways for innovation, security, and efficiency in blockchain technology. OKX is not just enhancing its platform; it’s paving the way for a more interconnected and accessible Web3 ecosystem.
So, ParadiseSquad, as we watch OKX drive forward with its ambitious plans, let’s stay tuned to see how this new development influences the broader crypto market and reshapes user interactions in the digital space!
