In a special interview for the GoCrypto series conducted by Mike Ermolaev from GoMining, Jason Lau, OKX Exchange’s Chief Innovation Officer, shares insights into OKX’s inventive methods. He outlines their key plans and offers views on legal issues, mainstream acceptance, and compatibility. Additionally, he reveals exciting projects such as the X layer and prudent decisions regarding AI implementation.
The X Layer: Pushing Boundaries in Blockchain Technology
Jason describes the X layer, a new innovation from OKX, as akin to a second-level solution. This layer functions on zkEVM, or zero-knowledge proof technology, and caters to all applications compatible with Ethereum Virtual Machine (EVM). Jason emphasizes its importance within OKX’s ecosystem, highlighting its benefits for developers.
“They can use the exchange connectivity in a way similar to how it functions; they have OKX wallets, which currently support X layer. Moreover, they will join a network of over 200 applications and protocols that are already integrated with X layer, featuring major infrastructure providers. This connection aims to foster new experiences by linking the OKX community to the on-chain ecosystem.”
Empowering Developers: The Technological Edge of zkEVM
Decisions were made regarding the technological details of the X layer, such as implementing zkEVM – the initial zero-knowledge scaling solution that is compatible with the Ethereum Virtual Machine. This innovation leads to enhanced scalability, resulting in faster transactions and reduced fees for users. OKX’s commitment to utilizing advanced technology is highlighted by Lau’s insights.
In essence, what makes it noteworthy is the enhanced user experience it provides for both developers and users, featuring swift transactions and minimal fees. I strongly believe that this experience holds significant value when constructing and launching app applications.
Moreover, Lau emphasizes the interconnectedness of the X layer with the OKX ecosystem.
“Our new product seamlessly integrates with our OKX wallet and exchange. Additionally, it communicates with all compatible Polygon CDK layers through a unifying layer, enhancing both interoperability and scalability. We’re excited to see developers leverage this capability for innovative projects.”
Strategic Investments: Integrating AI and Blockchain
Some people in our audience have asked about OKX’s investments in technologies like io.net and MyShell, which could signal the company’s ambition to combine AI and blockchain. Lau acknowledges that OKX intends to make cryptocurrencies and Web 3 more user-friendly for the general public.
In the realm of artificial intelligence (AI), an intriguing and innovative field emerges where Web 3 blockchains can significantly advance AI’s progression. This collaboration could prove particularly valuable, especially in areas where AI falls short, such as determining the authenticity of information. Blockchain technology offers a potential solution to this challenge.
Lau additionally conveys OKX’s commitment to promoting authentic applications of artificial intelligence in the realm of blockchain technology.
We’ll be excited to help with these suitable use cases and, as always, we’re ready to grant you access.
AI’s Impact on Digital Ecosystems: Enhancing User Experiences
In addition to being used in blockchain systems, artificial intelligence (AI) can significantly influence how people engage with digital environments such as online trading platforms. According to Jason Lau, AI holds immense power for optimizing user experiences and streamlining business functions: “I mentioned earlier that as these applications advance, we’ll be eager to implement AI solutions. If there is demand from users, we are absolutely committed to creating the necessary tools.”
OKX is already looking to integrate AI into various aspects of its business operations.
At OKX, we’re exploring ways to apply artificial intelligence (AI) in various aspects of our business. This includes enhancing fraud detection and providing users with superior data for making wiser decisions. (Lau’s original statement: “At OKX, we’re looking to see how we can also use AI in different parts of our business, including things like fraud detection and helping users make more informed choices by getting better data.”)
Charting the Future: Navigating Evolving Landscapes
Jason Lau shares insights on the forthcoming developments at OKX and the wider cryptocurrency sector. He underscores the importance of embracing widespread acceptance, seamless integration, and harnessing advanced technologies to foster the growth of Web 3.
In summary, Lau emphasizes OKX’s commitment not only to technological advancements but also ethical business practices. We are determined to expand the reach of crypto and Web 3 while maintaining transparency. Therefore, when developing new products, we prioritize collaboration with our users, stakeholders, regulators, and partners to ensure responsible implementation.
Our platform offers demonstrable proof-of-reserve through products that enable users to confirm the valid use of their assets. In the realm of Web 3, we are actively open-sourcing much of our wallet code for collaboration with developers. We’re also pioneering new standards, such as Ethereum smart modular accounts, to foster advancements within the Web 3 community. There’s plenty happening on our end and we’re excited to join in the expansion of Web 3.
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2024-04-20 19:44