OKX and Polygon Labs have launched the testnet for “X1,” a zero-knowledge Layer 2 network. This innovative venture positions OKX’s platform token, OKB, as the cornerstone for transaction fees on X1, marking a strategic evolution in its utility.
At the core of X1’s development is the Polygon Chain Development Kit (CDK), a toolkit that has made OKX a significant contributor. With a commitment to channel substantial engineering resources, OKX aims to amplify Ethereum’s scalability.
Notably, X1 stands out for its compatibility with Ethereum, offering a seamless environment for deploying EVM-based DApps. This compatibility extends to various smart contracts, wallets, and tools, ensuring a user-friendly and secure experience. X1’s design incorporates ZK proofs, enhancing its security and scalability while also cutting down on transaction costs.
According to Jason Lau, OKX’s Chief Innovation Officer, X1 is poised to be a pivotal platform in introducing users to Web3. Developers find in X1 a robust network for building consumer-centric Web3 applications, maintaining interoperability with other networks.
Polygon Labs’ CDK, released in August, has gained momentum for its role in developing Layer 2 blockchains on Ethereum. This collaboration between OKX and Polygon Labs not only sets a new standard in blockchain development but also underscores the potential of collaborative innovation in creating a more integrated, efficient, and user-friendly blockchain ecosystem.
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