{"id":24518,"date":"2023-11-14T18:34:30","date_gmt":"2023-11-14T18:34:30","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/okx-launches-zk-powered-l2-network-built-with-polygon-cdk\/"},"modified":"2023-11-14T18:34:30","modified_gmt":"2023-11-14T18:34:30","slug":"okx-launches-zk-powered-l2-network-built-with-polygon-cdk","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/okx-launches-zk-powered-l2-network-built-with-polygon-cdk\/","title":{"rendered":"OKX launches ZK-powered L2 network built with Polygon CDK"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/04\/1651146396211-18e10147-4440-4e66-9e73-cabc26b8c79c-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/04\/1651146396211-18e10147-4440-4e66-9e73-cabc26b8c79c-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/04\/1651146396211-18e10147-4440-4e66-9e73-cabc26b8c79c-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/04\/1651146396211-18e10147-4440-4e66-9e73-cabc26b8c79c-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li><span style=\"font-weight: 400\">OKX is collaborating with Polygon Labs to launch a new ZK-powered layer 2 network.<\/span><\/li>\n<li><span style=\"font-weight: 400\">X1 will become OKX\u2019s native network and utilise OKB for gas fees.<\/span><\/li>\n<li><span style=\"font-weight: 400\">OKX also joins other platforms as a core contributor of the Polygon CDK.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\"><a href=\"https:\/\/coinjournal.net\/news\/okx-review-a-one-stop-platform-for-crypto-defi-dapps-nfts-and-gamefi\/\">OKX<\/a> and Polygon Labs are collaborating on a new zero knowledge-powered layer 2 network, whose testnet was announced today.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The Ethereum-based ZK network is built using the Polygon Chain Development Kit (CDK) and utilise the <a href=\"https:\/\/coinjournal.net\/okb\/\">native OKX token OKB<\/a> for gas fees. X1 becomes OKX\u2019s new native network, the firm said in an <a href=\"https:\/\/www.newswire.ca\/news-releases\/okx-launches-x1-new-zkevm-layer-2-network-built-with-polygon-cdk-867002220.html\" target=\"_blank\" rel=\"noopener\">announcement<\/a>.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udce3 Hot Off The Press \ud83d\udce3<\/p>\n<p>We&#8217;re thrilled to introduce <a href=\"https:\/\/twitter.com\/hashtag\/X1?src=hash&amp;ref_src=twsrc%5Etfw\">#X1<\/a>, our new Ethereum L2 network built on Polygon&#8217;s CDK.<\/p>\n<p>Our landmark collab. with <a href=\"https:\/\/twitter.com\/0xPolygonLabs?ref_src=twsrc%5Etfw\">@0xPolygonLabs<\/a> empowers next gen. devs. with increased security, scalability &amp; low transaction costs to BUIDL the future of Web3.<\/p>\n<p>\ud83e\uddf5\ud83d\udc47 <a href=\"https:\/\/t.co\/Wkz11vu2be\">pic.twitter.com\/Wkz11vu2be<\/a><\/p>\n<p>\u2014 OKX (@okx) <a href=\"https:\/\/twitter.com\/okx\/status\/1724472549197619561?ref_src=twsrc%5Etfw\">November 14, 2023<\/a><\/p>\n<\/blockquote>\n<h2><span style=\"font-weight: 400\">OKX becomes core contributor to Polygon CDK<\/span><\/h2>\n<p><span style=\"font-weight: 400\">As part of the partnership, OKX becomes a core contributor to the Polygon CDK. <\/span><span style=\"font-weight: 400\">Other than that, the crypto exchange will invest its engineering resources in developing \u201cthe technology stack for <a href=\"https:\/\/coinjournal.net\/ethereum\/\">Ethereum<\/a> scaling solutions.\u201d<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400\">\u201cX1 will be a key pillar of our efforts to educate and bring our users on-chain and into the world of Web3. This scalable and accessible network is perfect for developers, who can build on X1 to deliver user-friendly world-class consumer Web3 applications, all while maintaining interoperability with other networks and ecosystems,\u201d said Jason Lau, OKX\u2019s chief innovation officer.<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cBy collaborating with Polygon Labs, we look to bring more builders, more use cases, and ultimately the mass adoption of Web3,\u201d he added.<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400\">Polygon Labs unveiled the Polygon CDK for ZK-powered L2 chains on Ethereum in late August, promising developers and enterprises more scalability and unified liquidity. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Some of the blockchain platforms and firms looking to tap into the technology include Astar, Canto, Gnosis Pay, and IDEX.<\/span><\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/okx-launches-zk-powered-l2-network-built-with-polygon-cdk\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) OKX is collaborating with Polygon Labs to launch a new ZK-powered layer 2 network. X1 will become OKX\u2019s native network and utilise OKB for gas fees. OKX also joins other platforms as a core contributor of the Polygon CDK. OKX and Polygon Labs [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":24519,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/24518"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=24518"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/24518\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/24519"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=24518"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=24518"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=24518"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}