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.
Polygon’s CDK is currently in