Polygon

<ul><li>X1, powered by OKX and Polygon CDK, offers a scalable solution for developers, fostering Web3 innovation and user engagement.</li><li>The integration of OKB as X1&#39;s native token aims to streamline transactions while bolstering the network&#39;s functionality.</li><li>OKX&#39;s strategic investment in Polygon CDK marks a significant step towards scalable, secure Ethereum-based decentralized applications.</li></ul>OKX, a prominent player in digital currency exchange and the Web3 ecosystem, has<a href="https://polygon.technology/blog/okx-launches-zkevm-layer-2-network-powered-by-polygon-cdk" rel="noopener noreferrer nofollow"> announced </a>the launch of a novel Ethereum-based zero-knowledge (ZK) Layer 2 network. This innovative network, X1, is developed using the advanced tools provided by the Polygon Chain Development Kit (CDK). In addition to this, <a href="https://www.okx.com/" rel="noopener noreferrer nofollow">OKX</a> is set to become a key player in the ongoing development and enhancement of the Polygon CDK.X1 is poised to become the cornerstone of OKX&#39;s network infrastructure, connecting its vast user base of over 50 million to the expansive communities of both Polygon and Ethereum. The network&#39;s native token, OKB, also the token of OKX, will serve as the currency for gas fees on X1. To the excitement of many, a testnet version of the X1 network is already operational.Designed for builders, creators, and Web3 enthusiasts, X1<a href="https://twitter.com/okx/status/1724472549197619561" rel="noopener noreferrer nofollow"> stands out</a> for its state-of-the-art, user-friendly protocol. At its core are ZK proofs, which bolster the network&#39;s security and scalability and play a crucial role in minimizing transaction costs. Additionally, the network&#39;s compatibility with Ethereum makes it an ideal platform for the secure deployment of EVM-based decentralized applications (dApps). It also facilitates connectivity with a wide array of smart contracts, wallets, and tools, thus broadening its utility and reach within the Web3 space.Read full article <a href="https://cryptotale.org/okx-introduces-x1-a-polygon-powered-zk-layer-2-network-for-enhanced-web3-access/" rel="noopener noreferrer nofollow">at CryptoTale.</a>

OKX Introduces X1, a Polygon-Powered ZK Layer 2 Network for Enhanced Web3 Access

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