OKX, a well-known cryptocurrency exchange, introduced X Layer on the mainnet for the first time to the public, with the goal of bringing its large user base of 50 million people into the world of blockchain technology.
Hello innovators, architects, and pioneers! 👩💻👨💻
🚧 We’re making X Layer Mainnet publicly available 🚧
Over 200 dApps are currently under development, and now everyone can join in. X Layer is no longer exclusive to developers.
Discover the capabilities and safety of our zkEVM L2 network personally.
Get started on building:…
— X Layer (@XLayerOfficial) April 16, 2024
On April 15, the public mainnet of X Layer was launched, featuring zero-knowledge proofs for enhanced security and faster, more affordable transactions between blockchains. Powered by Polygon‘s technology, this solution has attracted Ethereum developers due to its compatibility with Ethereum Virtual Machine (EVM) and seamless application migration process.
According to Haider Rafique, the Chief Marketing Officer at OKX, he believes that layer-2 networks such as X Layer will play a crucial role in the expansion of Web3. He explains that these networks have the ability to effortlessly link various Ethereum networks together.
Rafique explained that he sees X Layer and other Layer 2 networks functioning like the highway system in the Web3 universe. In this analogy, decentralized applications (dApps) serve as marketplaces, while self-hosted wallets act as the means of transportation to get you there.
After debuting as a beta version in 2023, X Layer has drawn in more than 50 Decentralized Applications (DApps), notable ones being Curve and QuickSwap. Users of OKX now have the advantage of seamless asset transfers, crypto transactions, and access to multiple DApps all facilitated by X Layer, fueled by OKB tokens.
X Layer’s collaboration with Polygon CDK enhances its ability to distribute liquidity, potentially bringing millions of OKX users into the larger blockchain community. This action aligns with industry forecasts suggesting that layer-2 networks could be worth a trillion dollars by 2030, reflecting their importance in improving Ethereum’s capacity and user experience.
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2024-04-16 07:16