OKX launches Ethereum layer-2 testnet utilizing ZK-based Polygon CDK

Crypto change OKX has launched a testnet for an upcoming layer-2 community named “X1,” in accordance with a Nov. 14 announcement. The community is being developed utilizing the Polygon chain growth equipment (CDK) and can use zero-knowledge proofs to validate deposits and withdrawals between layers.

OKX is the sixth-largest centralized crypto change by quantity, with over $1.8 billion in buying and selling quantity per day, in accordance to knowledge from CoinMarketCap. Its token, OKB, has a present market cap of over $3.6 billion, making it one of many prime 30 cryptocurrencies. When a mainnet model of the brand new community is launched, OKB would be the native coin used to pay fuel charges on it, the announcement acknowledged.

Proceed Studying on Cointelegraph