OKX launches testnet for X1, a zkEVM layer-2 network built with Polygon Chain Development Kit

DailyBlockchain.News AdminNovember 15, 2023

1 minute read

Okx Launches Testnet For X1, A Zkevm Layer 2 Network Built

OKX, in collaboration with Polygon Labs, has unveiled the testnet for X1, a new, high-performance Zero Information (ZK) layer-2 network crafted with the revolutionary Polygon Chain Development Kit (CDK).

The launch of X1, envisioned as OKX’s native network, marks a pivotal second on this collaboration, promising to combine over 50 million OKX customers with the expansive Polygon and Ethereum communities.

X1 is a developer-centric network designed to catalyze the expansion of Web3 by bridging numerous communities throughout DeFi, enterprise, and different verticals. Its structure, leveraging ZK proofs, ensures a safe, scalable surroundings conducive to the event of consumer-centric Web3 functions. With its inherent compatibility with Ethereum, X1 guarantees seamless deployment of EVM-based dApps, enhancing connectivity with a big selection of good contracts, wallets, and instruments.

Jason Lau, OKX’s Chief Innovation Officer, highlights the network’s potential, stating: “X1 will be a key pillar of our efforts to educate and bring our users on-chain and into the world of Web3.” He emphasizes X1’s function in enabling builders to create user-friendly, world-class Web3 functions, sustaining interoperability with different networks.

Sandeep Nailwal, Polygon’s co-founder, echoes this sentiment. “The X1 network offers developers an affordable and user-friendly platform to create decentralized apps,” he notes, underscoring the network’s function in bridging the huge OKX group with the broader Ethereum ecosystems.

Polygon CDK

The launch of the Polygon CDK in late August marked a important milestone, providing a platform for enterprises and builders to launch ZK-powered layer-2 chains on Ethereum. The adoption of this know-how by varied tech and enterprise firms, together with Astar and Canto, indicators a rising development towards Ethereum ZK L2 options. X1 is a outstanding instance of this development, showcasing the potential of Polygon CDK know-how in driving ahead Ethereum scaling and interoperability.

Within the coming weeks, additional particulars in regards to the OKX and Polygon Labs collaboration, alongside with upcoming developer occasions, are anticipated to be introduced.