OKX launches L2 network powered by ZK with Polygon CDK
OKX is partnering with Polygon Labs to launch a new Layer 2 network powered by ZK.
X1 will be OKX's native network and OKB will use it for gas payments.
OKX joins other platforms as a major contributor to Polygon's CDK.
OKX and Polygon Labs TestNet are collaborating on a new zero-knowledge Layer 2 network announced today.
The Ethereum-based ZK network is built using the Polygon Chain Development Kit (CDK) and uses the native OKX token OKB for gas payments. X1 will be OKX's new native network, the company said in an announcement.
📣 Fresh from the press 📣
We are excited to introduce #X1, our new Ethereum L2 network built on the Polygon CDK.
Our historic partnership. Powered by @0xPolygonLabs for the next generation. Devs the future of Web3 for BUIDL with increased security, scalability and lower transaction costs.
🧵👇 pic.twitter.com/Wkz11vu2be
— OKX (@okx) November 14, 2023
OKX will be a major contributor to the Polygon CDK.
As part of the partnership, OKX will be a major contributor to Polygon's CDK. Apart from that, the crypto exchange will invest its engineering resources to develop a “technology stack for Ethereum consolidation solutions”.
“X1 will be a key pillar in our efforts to educate and bring our users on-chain and into the Web3 world. This scalable and accessible network is perfect for developers, building on X1 to deliver user-friendly, world-class consumer Web3 applications, all from other networks and technologies.” – is anticipating interactions with environments,” said Jason Lau, OKX's chief innovation officer.
“We're looking to partner with Polygon Labs to bring more developers, more use cases, and ultimately mass adoption of Web3,” he added.
Polygon Labs released the Polygon SDK for ZK-powered L2 chains on Ethereum in late August, promising further improvements and unified liquidity for developers and enterprises.
Some of the blockchain platforms and companies looking to use the technology include Astar, Canto, Gnosis Pay and IDEX.
