OKX, the fourth-largest crypto exchange, stated its brand-new layer-2 blockchain, called X Layer, has actually gone live on its public mainnet, an extension in the period of significant crypto business beginning their own dispersed networks.
X Layer, formerly referred to as X1, uses Polygon’s Chain Development Kit (CDK), a personalized toolkit that lets designers construct their own chains by utilizing zero-knowledge innovation.
The news comes as other significant cryptocurrency exchanges have actually pursued their own layer-2 networks over the previous year. In August, Coinbase released its “Base” blockchain, which is constructed with Optimism’s OP Stack. Kraken is apparently likewise thinking about producing its own layer-2 blockchain.
In a news release, OKX stated its designers will be adding to CDK’s codebase, which X Layer will link to Polygon’s larger community through the AggLayer. AggLayer is a Polygon offering that intends to merge liquidity throughout different chains spun up utilizing the task’s innovation.
“OKX’s 50 million users now have a simple course to onboarding to X Layer and all the other chains linked to the AggLayer,” Polygon Labs Chief Executive Officer Mark Boiron stated in the release.
X Layer, which released on testnet in November, will permit users to gain access to over 170 decentralized applications (dapps), with more slated to release quickly.
“We visualize X Layer and other layer-2 chains as the highway facilities of the Web3 world, with dApps as the markets and self-hosted wallets as the lorries that take you there,” OKX Chief Marketing Officer Haider Rafique stated in journalism release.
Modified by Bradley Keoun.
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