OKX launches testnet for X1, a zkEVM layer-2 network built with Polygon Chain Development Kit

cyptouser10 months agoCryptocurrencies News203

OKX, in collaboration with Polygon Labs, has unveiled the testnet for X1, a new, high-performance Zero Knowledge (ZK) layer-2 network crafted with the innovative Polygon Chain Development Kit (CDK).

The launch of X1, envisioned as OKX’s native network, marks a pivotal moment in this collaboration, promising to integrate over 50 million OKX users with the expansive Polygon and Ethereum communities.

X1 is a developer-centric network designed to catalyze the growth of Web3 by bridging diverse communities across DeFi, enterprise, and other verticals. Its architecture, leveraging ZK proofs, ensures a secure, scalable environment conducive to the development of consumer-centric Web3 applications. With its inherent compatibility with Ethereum, X1 promises seamless deployment of EVM-based dApps, enhancing connectivity with a wide range of smart contracts, wallets, and tools.

Jason Lau, OKX’s Chief Innovation Officer, highlights the network’s potential, stating: “X1 will be a key pillar of our efforts to educate and bring our users on-chain and into the world of Web3.” He emphasizes X1’s role in enabling developers to create user-friendly, world-class Web3 applications, maintaining interoperability with other networks.

Sandeep Nailwal, Polygon’s co-founder, echoes this sentiment. “The X1 network offers developers an affordable and user-friendly platform to create decentralized apps,” he notes, underscoring the network’s role in bridging the vast OKX community with the broader Ethereum ecosystems.

Polygon CDK

The launch of the Polygon CDK in late August marked a significant milestone, offering a platform for enterprises and developers to launch ZK-powered layer-2 chains on Ethereum. The adoption of this technology by various tech and enterprise companies, including Astar and Canto, signals a growing trend toward Ethereum ZK L2 solutions. X1 is a prominent example of this trend, showcasing the potential of Polygon CDK technology in driving forward Ethereum scaling and interoperability.

In the coming weeks, further details about the OKX and Polygon Labs collaboration, along with upcoming developer events, are expected to be announced.

The content on this website comes from the Internet. Due to the inconvenience of proofreading the authenticity and accuracy of the copyright or content of some content, it may be temporarily impossible to confirm the authenticity and accuracy of the copyright or content. For copyright issues or other issues caused by this, please Call or email this site. It will be deleted or changed immediately after verification.

related articles

Analyst predicts limited impact from Mt. Gox Bitcoin distribution amid market slide

Galaxy’s head of research, Alex Thorn, believes the impending distribution of more than 140,000 Bitc...

Worldcoin userbase nears 4 million amid global privacy probes

Worldcoin’s adoption continues to grow despite the growing privacy concerns from several jurisdictio...

Hong Kong begins phase 2 of CBDC pilot

Hong Kong begins phase 2 of CBDC pilot

b98df8a0˃The Hong Kong Monetary Authority (HKMA) has launched phase two of its e-Hong Kong dollar (e...

Bitcoin gives back gains as 'hawkish' Fed costs bulls a trip to $70K

Bitcoin gives back gains as 'hawkish' Fed costs bulls a trip to $70K

55966e89˃Bitcoin (BTC) retraced the prior day’s gains on June 13 as markets braced for the next roun...

Bitcoin futures and options open interest soars in February

Bitcoin futures and options open interest soars in February

Open interest, the total number of outstanding derivative contracts that have not been settled, is a...

Why the Bitcoin halving matters for the future of decentralized finance

25cc9d4a˃In the ever-evolving landscape of cryptocurrency and blockchain technology, few events hold...