OKX unveils exclusive Layer-2 blockchain powered by Polygon
OKX launches its Layer-2 blockchain, leveraging Polygon’s technology, to enhance digital transaction efficiency. Leading crypto exchange OKX has introduced its own exclusive Layer-2 blockchain , the X1 chain , leveraging technology from Polygon. This move places OKX in a growing league of exchanges actively developing secondary networks to enhance the efficiency and cost-effectiveness of digital asset transactions. Hot Off The Press We're thrilled to introduce #X1, our new Ethereum L2 network built on Polygon's CDK. Our landmark collab. with @0xPolygonLabs empowers next gen. devs. with increased security, scalability & low transaction costs to BUIDL the future of Web3. pic.twitter.com/Wkz11vu2be — OKX (@okx) November 14, 2023 This strategic step by OKX follows the trend set by major players like Coinbase, which launched its Base blockchain in August, quickly attracting developer and user interest. Bloomberg reports that Kraken, another major exchange, i...