OKX and Polygon Labs have today announced the launch of a new zero-knowledge-powered layer 2 network, X1. X1 will become OKX’s native network, with the native OKB token being used for gas fees. The Ethereum-based ZK network is developed using the Polygon Chain Development Kit (CDK).
As part of the collaboration, OKX is also becoming a core contributor to the CDK, investing its engineering resources in developing “the technology stack for Ethereum scaling solutions.” Jason Lau, OKX’s chief innovation officer, said:
“X1 will be a key pillar of our efforts to educate and bring our users on-chain and into the world of Web3. This scalable and accessible network is perfect for developers, who can build on X1 to deliver user-friendly world-class consumer Web3 applications, all while maintaining interoperability with other networks and ecosystems. By collaborating with Polygon Labs, we look to bring more builders, more use cases, and ultimately the mass adoption of Web3.”
Polygon Labs unveiled the CDK for ZK-powered L2 chains on Ethereum in late August, with other blockchain platforms and firms such as Astar, Canto, Gnosis Pay and IDEX looking to benefit from the technology.