OKBChain Will Be an L2 Chain of Ethereum, Says OKX Founder

• OKX founder Star Xu addressed that the brand new alternate public blockchain OKBChain will likely be an L2 Chain of Ethereum
• OKBChain will begin from aspect expertise and can develop to ZK expertise based on Xu.
• The tech chief additionally said that OKTC and OKBC are OKX core chain methods.

OKX alternate founder Star Xu hinted on February 16, 2023, concerning the unveiling of a brand new OKBChain, which will likely be launched in Q1. He additionally said at the moment that the brand new chain will likely be impartial of the present OKXChain, Xu additionally talked about that it is going to be launched in Q1.

In a reply to a person on when the testnet will launch, Xu talked about that the launch might be anticipated quickly. One other Twitter person had a question concerning whether or not OKBChain and OKT will likely be completely different or underneath a single umbrella. Xu put out a tweet to make clear how the brand new chain will work.

Xu addressed the truth that OKT Chain will proceed to be an L1 chain. He additionally added that the OKB Chain will likely be an L2 chain of Ethereum. Xu additionally added that it’s going to begin with side-chain expertise and grow to be ZK expertise. He additionally said that each OKTC and OKBC are a part of the OKX core chain technique.

Following the announcement, OKB noticed a 33% spike in worth. At press time, OKB is buying and selling at $47.19, representing a 2.2% drop in worth during the last 24 hours. OKB is up by 10.35% within the final seven days.

The worth of OKB has skilled an upward trajectory attributed to varied pivotal components, with a notable affect being the current declaration by OKX pertaining to its augmented collaborations with Filecoin EVM.

Filecoin gives common entry to knowledge storage and retrieval on the web, whereas the Ethereum Digital Machine serves as an execution framework that facilitates the deployment and operation of arbitrary code on a blockchain.