What is the X Layer of okx exchange?

Yihe Ethereum Community is fully compatible with the Ethereum Virtual Machine (EVM), creating an open and inclusive ecosystem for developers and allowing any user to participate.

April 16, 2024, Global OKX, a leading crypto asset exchange and Web3 technology company, officially launches X Layer public mainnet. X Layer is the Ethereum Layer2 network based on ZK technology, through Polygon CDK is built and realizes shared status and liquidity between multiple chains through AggLayer, which is both innovative and secure.

X Layer aims to leverage advanced technology to enable millions of users to interact with on-chain applications more cheaply and quickly. In addition to making transactions both secure and scalable and reducing costs through ZK technology, X Layer is also compatible with the Ethereum Virtual Machine (EVM), allowing dApps built on Ethereum to be deployed seamlessly without much development effort.

Why build X Layer?

Web3 uses blockchain technology to change everything. At the same time, Web3 also enables everyone to completely control their digital life. X Layer is a new Internet built based on the concept of decentralization and Web3 technology architecture: a new Internet that can provide everyone with higher transparency, convenience and flexibility. Our mission is to drive its mass adoption in relevant areas. To achieve this goal, we believe:

• The best way to achieve mainstream adoption is to help scale the current largest Web3 public chain - Ethereum - rather than compete with it.

• As a blockchain infrastructure, X Layer has more comprehensive scalability to support the growing needs of billions of users, which is beneficial to the global encryption industry and the health of the digital asset ecosystem. Growth is necessary.

What are the differences of X Layer?

X Layer takes the needs of the developer community as its first consideration when designing. Our core strengths include:

• Integrating OKX and Polygon Labs Ecosystems combined:

Both companies will continue to provide Contribute to the development of the Polygon Chain Development Kit (CDK) to enhance the user experience while giving builders access to a native, advanced technology stack available. OKX and Cooperation among the Polygon developer community will lead to better results, attract more developer attention, produce more innovative projects based on X Layer, and ultimately bring more users.

• OKX Support:

OKX is one of the largest crypto ecosystems in the world with over 50 million users . Using OKB as the native token of X Layer can help users seamlessly transfer value between OKX and X Layer. This is the core advantage of X Layer, and we hope to lead the development of the Web3 community to new heights.

• Ethereum Compatibility:

X Layer is compatible with Ethereum, which means all existing EVMs Smart contracts, developer tools, and wallets all work seamlessly on X Layer without rewriting code. In short, existing DApps can be migrated to the X Layer network at zero cost.

• Low cost:

X Layer uses improved zkSNARK technology to make transactions more efficient and cheaper . This cost reduction will benefit both developers and end users, making their experience smoother.

• High performance:

Long waiting times occur during online transactions. The reason is that X Layer is powered by one of the world's fastest ZK proof algorithms and the most advanced hardware clusters, and this transaction speed is completely achievable.

The above is the detailed content of What is the X Layer of okx exchange?. For more information, please follow other related articles on the PHP Chinese website!