OKX, the sixth largest cryptocurrency exchange, announced that it is coming out with a layer 2 network called “X1” using Polygon’s Chain Development Kit (CDK).
X1, expected to go live in the first quarter of 2024, will make use of Polygon’s zero-knowledge technology, a type of cryptography that’s become one of 2023’s hottest trends in blockchain.
The announcement comes just as other major cryptocurrency exchanges have released or are pursuing their own layer 2 networks. Earlier this year, Coinbase rolled out its “Base” blockchain using Optimism’s OP Stack. Kraken is also reportedly looking into creating a layer 2 blockchain.
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Polygon’s CDK is currently in
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