OKX and Polygon jointly launched the zKEVM Layer2 network X1

On November 15, OKX announced the launch of the X 1 testnet in collaboration with Polygon Labs. This network is a brand new upgraded version of OKBC, with OKX's platform token OKB serving as the native token to pay for gas fees on the network. It is reported that X 1 is a high-performance and highly secure Layer 2 network developed based on Ethereum's zk zero-knowledge proof technology, allowing developers to build ecosystems using the Polygon Chain Development Kit (CDK).

From the outset, X 1 was designed with global developers in mind, aiming for anyone to build applications on its chain ecosystem to drive the future development of Web3. X 1 will connect OKX's 50 million+ users with the communities of Polygon and Ethereum to attract builders from DeFi, enterprises, and other verticals.

Additionally, as part of the collaboration between OKX and Polygon Labs, OKX will serve as a core contributor to the Polygon CDK and invest significant engineering resources to enhance the technical stack of Ethereum's scaling solutions. X 1 will act as a new native network for OKX, providing users and developers with a vast blockchain ecosystem. OKX's platform token OKB will serve as the native token of X 1 for paying gas fees on the network.

As an advanced Layer 2 network friendly to builders, creators, and Web3 enthusiasts, X 1 utilizes zk zero-knowledge proofs to ensure high security and scalability while reducing user transaction costs. The network is compatible with Ethereum EVM, allowing developers to seamlessly and securely deploy EVM-based DApps and connect more smart contracts, wallets, and tools.

OKX Chief Innovation Officer Jason Lau stated, "X 1 is the key infrastructure that brings users into the Web3 world. This highly scalable and flexible network is perfect for developers, who can build user-friendly world-class Web3 applications on X 1 while maintaining interoperability with other networks and ecosystems. Through our collaboration with Polygon Labs, we hope to build more use cases with the developer community in the future to drive the large-scale adoption of Web3 globally."

Polygon co-founder Sandeep Nailwal said, "The X 1 network provides developers with an affordable and friendly platform to create more diverse decentralized applications for users, while also facilitating the seamless integration of OKX's large community with the Polygon and Ethereum ecosystems. The Polygon CDK technology represents a significant technological leap, enabling developers to easily design and deploy zk zero-knowledge proof Layer 2 solutions on Ethereum. In the future, networks deployed based on Polygon CDK will interoperate and coexist with other zk zero-knowledge proof-driven Layer 2 networks within the Polygon CDK ecosystem. We are excited to work with the OKX team to advance the implementation of Polygon CDK technology and the X 1 network."

It is reported that the Polygon CDK was launched at the end of August, allowing enterprises and developers to launch zk zero-knowledge proof-based Layer 2 solutions on Ethereum, providing unlimited scalability and unified liquidity. Currently, some tech companies have announced plans to establish Ethereum zk L2s, including Astar, the largest blockchain in the Polkadot ecosystem, Canto, the first public chain in the Cosmos ecosystem, Gnosis Pay, Palm, and IDEX. In the coming weeks, OKX and Polygon Labs will announce more details about the collaboration and upcoming developer events.