ETH
by BSC News
April 15, 2024
Built using the Polygon Chain Development Kit (CDK), X Layer utilizes zero-knowledge proofs to improve privacy and scalability.
Crypto exchange OKX announced an Ethereum layer-2 network, X Layer. With this layer-2 solution, users can reportedly connect to Ethereum's expansive network, enhancing scalability, privacy, and accessibility within the blockchain industry.
Hiya creators, builders, founders 👩💻👨💻
— X Layer (@XLayerOfficial) April 16, 2024
🚨 We're opening X Layer Mainnet to the Public 🚨
With +200 dApps building, X Layer is now accessible to everyone, not just developers.
Experience the power & security of our zkEVM L2 network firsthand.
Start building:… pic.twitter.com/K59dg0sJrG
Let's take a closer look at X Layer.
X Layer is a ZK rollup solution that leverages the power of zero-knowledge proofs (ZK proofs) through the Polygon Chain Development Kit (CDK).
As per reports, this framework empowers developers to construct blockchains rooted in ZK proofs, thereby fortifying privacy measures while amplifying scalability. By leveraging ZK proofs, developers can execute transactions securely without revealing sensitive information, fostering a more confidential and efficient ecosystem.
One of X Layer's defining features is its integration with both the OKX and Ethereum communities. This symbiotic relationship facilitates fluid interaction between users, enhancing collaboration and innovation across the global blockchain landscape.
With X Layer serving as a vital bridge, users can navigate between OKX's robust platform and Ethereum's expansive network, unlocking a myriad of opportunities for growth and exploration.
X Layer reportedly boasts 100% compatibility with the Ethereum Virtual Machine (EVM), streamlining the deployment process for developers. This compatibility ensures that existing Ethereum smart contracts can be seamlessly migrated to X Layer, minimizing friction and maximizing efficiency.
Built upon the Polygon CDK, X Layer reportedly offers near-instant finality, unified liquidity, and independent data availability.
X Layer provides a fertile ground for developers to cultivate and deploy ZK-powered DApps, according to the OKX team. With X Layer, developers can explore their creativity and drive change within the blockchain landscape via token swaps, staking, or other smart contract applications.
As a portal to Web3, X Layer can be accessed through the OKX Wallet. Users can move funds between OKX and X Layer using the native token, OKB.
Over 50 decentralized applications were deployed in the first week after the protocol launched its testnet last November. An array of Web3 and DeFi apps, including The Graph, Curve, LayerZero, QuickSwap, Galxe, and Timeswap, are already taking advantage of Layer 2 networks.
Worth noting, OKX has over 50 million global users and a trading volume second only to Binance.
Disclaimer
Disclaimer: The views expressed in this article do not necessarily represent the views of BSCNews. The information provided in this article is for educational and informational purposes only and should not be construed as investment advice. BSCNews assumes no responsibility for any investment decisions made based on the information provided in this article
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