As a part of the partnership, OKX will play a pivotal position as a core contributor to Polygon CDK whereas allocating vital engineering assets 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 based mostly on Ethereum’s zero-knowledge (ZK) know-how, developed in collaboration with the Polygon Chain Improvement 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 person 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 fuel 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 easy 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 will likely 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 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 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 vital engineering assets 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 corresponding to 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 throughout the Polygon CDK ecosystem. Polygon co-founder Sandeep Nailwal said:
“The utilization of Polygon CDK know-how represents a big 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 workforce to advance this know-how and drive the success of the X1 community.”
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