In a significant advancement in the crypto world, OKX has unveiled its novel Ethereum Layer 2 Testnet Network, dubbed “X1.” This innovative network, constructed using the Polygon Chain Development Kit (CDK), is set to revolutionize the blockchain ecosystem. The launch of X1, a zero-knowledge Layer 2 network, signifies a monumental step forward in the blockchain technology.
Unveiling the X1 Network
OKX, in collaboration with Polygon Labs, has introduced X1, an Ethereum-based Layer 2 network. The launch of this network, developed with the Polygon CDK, marks the debut of a zkEVM validium. This development is a game-changer as it provides users and engineers a gateway to the world’s most expansive blockchain ecosystems.
Jason Lau, the Chief Innovation Officer at OKX, emphasized the pivotal role of X1 in ushering users into the Web3 world. He stated that X1 would serve as a key component in their efforts to educate users and incorporate them into the Web3 world. The collaboration with Polygon Labs aims to attract more builders and use cases, thereby fostering the mass adoption of Web3.
Benefits of the X1 Network
The X1 network, fuelled by OKB, the native utility token of OKX, offers several benefits. One of the key advantages is the provision to pay for X1 gas fees using OKB. Star Xu, the CEO of OKX, expressed his satisfaction with the recent partnership in a post on X (previously known as Twitter). He highlighted that OKX would greatly benefit from Polygon’s remarkable zkEVM technology.
Co-Founder of Polygon, Sandeep Nailwal, expressed that the use of Polygon CDK technology in the X1 network signifies a substantial leap forward. He further emphasized that the X1 network would provide an affordable and user-friendly platform for developers to create decentralized apps.
Integration of X1 into the Polygon Ecosystem
With the development of X1, OKX joins the ranks of NEAR Protocol and other protocol engineers, thereby contributing to the development of configurations and tools for chains via the Polygon CDK. This integration will enable any WebAssembly chain to prove itself in the Ethereum ecosystem while enhancing the security components of Layer 2.
As you navigate this exciting world of Ethereum Layer 2 Testnet Network, a tool like cryptoview.io can be instrumental in keeping track of your digital assets and their performance. With its intuitive interface and comprehensive features, it offers a seamless experience for both novice and experienced crypto enthusiasts.
Note: This article is meant for informational and educational purposes only and does not constitute any form of financial advice. Readers are advised to exercise caution and conduct thorough research before making any decisions related to the company.
