OKX and Polygon jointly launch zKEVM Layer2 Network X1
On November 15, OKX announced the launch of the X 1 testnet together with Polygon Labs. The network is a new upgraded version of OKBC, and OKX’s platform token OKB will be used as the native token to pay for gas fees on the network. It is reported that X 1 is a Layer 2 network with high performance and high security developed based on Ethereums zK zero-knowledge proof technology. Developers can use the Polygon Chain Development Kit (CDK) to build an ecosystem.
X 1 was designed with global developers in mind from the beginning. They hope that anyone can build applications on its on-chain ecosystem to promote the future development of Web3. X 1 will connect OKX’s 50 million+ users with Polygon and even Ethereum. Connect the community of the forum to attract builders in DeFi, enterprises, and other vertical fields.
In addition, as part of the collaboration between OKX and Polygon Labs, OKX will serve as a core contributor to Polygon CDK and invest substantial engineering resources to enhance the technology stack of Ethereum scaling solutions. X 1 will serve as a new local network for OKX, providing A vast blockchain ecosystem is available to users and developers. OKXs platform token OKB will serve as the native token of X 1 and will be used to pay gas fees on the network.
As an advanced Layer 2 network friendly to builders, creators and Web3 enthusiasts, X 1 utilizes zK zero-knowledge proofs to ensure high security and scalability while reducing user transaction costs. The network is compatible with Ethereum EVM, allowing developers to seamlessly and securely deploy EVM-based Dapps and connect more smart contracts, wallets and tools.
Jason Lau, chief innovation officer at OKX, said: X 1 is the key infrastructure for us to bring users into the Web3 world. This highly scalable and flexible network is ideal for developers who can build for users on X 1 Friendly world-class Web3 applications while maintaining interoperability with other networks and ecosystems. Through cooperation with Polygon Labs, we hope to build more use cases with the developer community in the future to promote Web3 on a global scale mass adoption within.”
Sandeep Nailwal, co-founder of Polygon, said: “The Seamless connection with the Ethereum ecosystem. As a major technological leap, Polygon CDK technology allows developers to easily design and deploy zK zero-knowledge proof Layer 2 solutions on Ethereum. In the future, networks deployed based on Polygon CDK will be integrated with the Polygon CDK ecosystem. Other Layer 2 networks powered by zK zero-knowledge proofs in the system interoperate and coexist. We are pleased to work with the OKX team to promote the implementation of Polygon CDK technology and the X 1 network.
It is reported that Polygon CDK was launched at the end of August, allowing enterprises and developers to launch Layer 2 solutions based on zK zero-knowledge proof on Ethereum and providing unlimited scalability and unified liquidity. Currently, some technology companies have announced plans to build Ethereum zK L2s, including Astar, the largest blockchain in the Polkadot ecosystem, Canto, the first public chain in the Cosmos ecosystem, Gnosis Pay, Palm and IDEX, etc. In the coming weeks, OKX and Polygon Labs will announce more details about the collaboration, as well as details about upcoming developer events.
