OKX, the fourth-largest crypto alternate, mentioned its new layer-2 blockchain, referred to as X Layer, has gone reside on its public mainnet, a continuation within the period of main crypto corporations beginning their very own distributed networks.
X Layer, beforehand generally known as X1, makes use of Polygon’s Chain Growth Equipment (CDK), a customizable toolkit that lets builders construct their very own chains by making use of zero-knowledge know-how.
The information comes as different main cryptocurrency exchanges have pursued their very own layer-2 networks over the previous yr. In August, Coinbase launched its “Base” blockchain, which is constructed with Optimism’s OP Stack. Kraken is reportedly additionally concerned with creating its personal layer-2 blockchain.
In a press launch, OKX mentioned its builders can be contributing to CDK’s codebase, and that X Layer will connect with Polygon’s wider ecosystem by way of the AggLayer. AggLayer is a Polygon providing that goals to unify liquidity throughout numerous chains spun up utilizing the mission’s know-how.
“OKX’s 50 million customers now have a straightforward path to onboarding to X Layer and all the opposite chains related to the AggLayer,” Polygon Labs Chief Govt Officer Mark Boiron mentioned within the launch.
X Layer, which launched on testnet in November, will permit customers to entry over 170 decentralized purposes (dapps), with extra slated to launch quickly.
“We envision X Layer and different layer-2 chains because the freeway infrastructure of the Web3 world, with dApps because the marketplaces and self-hosted wallets because the autos that take you there,” OKX Chief Advertising Officer Haider Rafique mentioned within the press launch.
