OKX to Launch zkEVM Layer 2 Network Atop Polygon CDK

6:10 am
November 16, 2023
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**OKX Announces Launch of zkEVM Layer 2 Network on Polygon CDK**

OKX recently revealed its plan to introduce a Layer 2 network based on Ethereum’s zero-knowledge (ZK) technology in partnership with the Polygon Chain Development Kit (CDK). This announcement also highlighted OKX’s role as a core contributor to the Polygon CDK, where significant engineering resources will be allocated to enhance the technology stack for Ethereum scaling solutions.

The new network, known as X1, will connect OKX’s extensive user base of over 50 million individuals to the wider Polygon and Ethereum communities. It will utilize OKX’s platform token, OKB, to cover gas fees on the network. Moreover, X1 features ZK proofs, offering increased security, scalability, and reduced transaction costs. The protocol’s compatibility with Ethereum ensures smooth and secure deployment of decentralized apps (dApps), fostering connectivity with smart contracts, wallets, and tools.

Jason Lau, OKX Chief Innovation Officer, emphasized the significance of X1 as a pivotal effort to educate and onboard users into the world of Web3, enabling developers to build user-friendly Web3 applications while maintaining interoperability with other networks and ecosystems.

As part of the collaboration, OKX will act as a core contributor to Polygon CDK and allocate substantial resources to fortify the technology stack for Ethereum scaling solutions. Polygon CDK simplifies the process for developers to create and launch ZK L2s on Ethereum, facilitating interoperability among chains within the Polygon CDK ecosystem. Sandeep Nailwal, co-founder of Polygon, expressed enthusiasm about advancing the technology and driving the success of the X1 network through collaboration with OKX.

**FAQs**

**1. What is the purpose of OKX’s collaboration with Polygon CDK?**
– OKX’s partnership with Polygon CDK aims to introduce a Layer 2 network based on Ethereum’s zero-knowledge (ZK) technology and strengthen the technology stack for Ethereum scaling solutions.

**2. What is the native token for OKX’s X1 network?**
– The native token for OKX’s X1 network is OKB, the platform token of OKX, designed to cover gas fees on the network.

**3. How will X1 benefit developers and Web3 enthusiasts?**
– X1 is designed to provide enhanced security, scalability, and reduced transaction costs through ZK proofs. It offers a user-friendly protocol for developers and creators to deploy Ethereum Virtual Machine (EVM)-based dApps with smooth interoperability.

**4. What role will OKX play in the Polygon CDK ecosystem?**
– OKX will serve as a core contributor to Polygon CDK, contributing significant engineering resources to fortify the technology stack for Ethereum scaling solutions.

**5. What are the key features of Polygon CDK?**
– Polygon CDK simplifies the process for developers to create and launch ZK L2s on Ethereum, fostering interoperability among chains within the Polygon CDK ecosystem.

**Summary**

OKX has announced the launch of X1, a Layer 2 network based on Ethereum’s zero-knowledge (ZK) technology in collaboration with Polygon CDK. This initiative will allow OKX to serve as a core contributor to the Polygon CDK ecosystem while allocating significant engineering resources to enhance the technology stack for Ethereum scaling solutions. The X1 network, which will utilize OKX’s native token, OKB, aims to provide enhanced security, scalability, and reduced transaction costs for developers and Web3 enthusiasts. Additionally, it will offer smooth interoperability with Ethereum-based applications, smart contracts, wallets, and tools.


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