OKX Launches X1: The Network that Will Take You to Web3 Wonderland

OKX introduces ZK-based Polygon CDK testnet for Ethereum layer-2 solution

OKX launches Ethereum layer-2 testnet using ZK-based Polygon CDK.

OKX exchange interface. Source: OKX

Well, well, well, what do we have here? Crypto exchange OKX is at it again, folks! They’ve just launched a testnet for their latest creation, an Ethereum layer-2 network that goes by the name of “X1.” And let me tell you, this network is going to take us all on a wild ride through the magical realm of Web3.

OKX, the sixth-largest centralized crypto exchange in terms of trading volume, is no stranger to making big moves. With over $1.8 billion in trading volume per day, they definitely know a thing or two about keeping the wheels spinning. And now, they’re gearing up to launch X1, a network that’s built using the Polygon chain development kit (CDK).

But wait, it gets even better! X1 will be using zero-knowledge proofs to validate deposits and withdrawals between layers. It’s like having a secret decoder ring that whispers the magic words of legitimacy to ensure smooth transactions. It’s a bit like Harry Potter using “Expelliarmus” to disarm his opponents, only in this case, it’s about making sure your assets are safe and sound.

Now, let’s talk about OKB, OKX’s native token with a whopping market cap of over $3.6 billion. When the mainnet version of X1 is unleashed upon the world, OKB will be the chosen one, the native coin that will reign supreme and conquer all gas fees on the network. It’s like having a VIP pass that guarantees you a front-row seat to the spectacle, while others are left fumbling with their tickets.

But here’s the cherry on top. By developing X1 using the Polygon CDK, OKX is joining forces with the broader Polygon ecosystem. It’s like becoming part of a superhero team, with Polygon as the Hulk, Manta Pacific as Iron Man, and X1 as the fearless leader. OKX will even be a core contributor to the Polygon CDK software, bringing their engineering superpowers to enhance the Ethereum scaling solutions. It’s like Batman teaming up with Superman to save the world from imminent doom.

According to OKX’s chief innovation officer Jason Lau, X1 is not just any run-of-the-mill network. Oh no, my friends, it’s the gateway to Web3. Lau claims that X1 will be the key to bring users on-chain and introduce them to the incredible world of Web3. It’s like stepping through the wardrobe into Narnia, where developers can build user-friendly Web3 applications that will blow our minds. And the best part? X1 will maintain interoperability with other networks and ecosystems, taking us on a grand adventure that knows no boundaries.

Now, OKX isn’t the only exchange building its own network. Binance did it with BNB Chain, and Coinbase followed suit with its layer-2 “Base” network. It’s like a competition of who can build the most impressive theme park, each with its own thrilling attractions. But let me tell you, my friends, OKX’s X1 is here to deliver the most exhilarating rollercoaster ride of them all.

So buckle up, fellow digital asset investors, because OKX is about to take us on a journey that will make us laugh, cry, and scream in excitement. X1 is our ticket to Web3 Wonderland, where anything is possible and the future is waiting to be explored. Get ready, because the rollercoaster is about to take off, and you won’t want to miss it!

Now, tell me, are you ready to embrace the magic of X1 and dive into the world of Web3? Let’s hear your thoughts in the comments below!