As a part of the partnership, OKX will play a pivotal position as a core contributor to Polygon CDK whereas allocating important engineering sources to spice up the know-how stack of Ethereum scaling options.
On Tuesday, November 14, OKX introduced that it’s introducing a Layer 2 community primarily based on Ethereum’s zero-knowledge (ZK) know-how, developed in collaboration with the Polygon Chain Growth Equipment (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 in depth consumer base of over 50 million people to the broader Polygon and Ethereum communities. The native token for X1 shall be OKX’s platform token, OKB, designed to cowl gasoline charges on the community. Moreover, an operational testnet for X1 is presently lively.
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 gives 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 good contracts, wallets, and instruments. Talking on the event, OKX Chief Innovation Officer Jason Lau stated:
“X1 shall be a key pillar of our efforts to coach and convey 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 purposes, all whereas sustaining interoperability with different networks and ecosystems. By collaborating with Polygon Labs, we glance to carry extra builders, extra use circumstances, and in the end the mass adoption of Web3.”
Changing into a Core Contributor to Polygon CDK
Within the partnership, OKX will play a pivotal position as a core contributor to Polygon CDK. It should additionally allocate important engineering sources to fortify the know-how 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 reminiscent of Close to, Astar, Canto, Gnosis Pay, Palm, and IDEX. The imaginative and prescient is to ascertain interoperability amongst chains deployed by Polygon CDK, making a unified community of ZK-powered L2s inside the Polygon CDK ecosystem. Polygon co-founder Sandeep Nailwal said:
“The utilization of Polygon CDK know-how represents a major leap ahead, enabling builders to design and deploy ZK L2 options on Ethereum with ease. Trying 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 group to advance this know-how and drive the success of the X1 community.”
Learn different blockchain news on Coinspeaker.