Bittime - OKX has launched an Ethereum layer-2 scaling network that poses a serious challenge to Coinbase. This innovation offers crypto users faster and more economical transactions, marking a major step in the development of the crypto ecosystem.
Launched Ethereum Layer-2 Network
OKX announces X Layer public mainnet, an Ethereum-based layer-2 scaling network that uses Polygon CDK. This is a strategic move that enables faster transactions and lower fees, making it an attractive option for crypto users.
Check Current Crypto Market:
Utilizing AggLayer from Polygon
OKX's X Layer became one of the first blockchains to utilize Polygon's AggLayer. This solution enables seamless connectivity between different blockchains, increasing liquidity and optimizing the flow of funds across the network.
Potential and Community Support
With strong community support, OKX's X Layer has unlimited potential in building a smooth and efficient ecosystem for crypto users. OKX Chief Marketing Officer, Haider Rafique, emphasized their commitment to creating an optimal environment for users.
Also Read How To Buy Crypto:
Comparison with Coinbase Base
OKX, with more than 50 million global users, has experienced significant growth in trading volume. In recent days, OKX has even surpassed Coinbase's trading volume, showing the huge potential of the layer-2 network they offer.
Polygon Technology and OP Stack
Similar to Coinbase using Optimism's OP Stack, OKX leverages Polygon technology to improve network efficiency and performance. This is reflected in user access to 170 dapps with exponential growth prospects.
Advantages and Differences of Layer
One of the advantages of layer-2 is lower transaction costs, making interaction with dapps more feasible for users. X Layer provides access to various dapps that help enrich the crypto user experience.
Check Today's Crypto Price:
Use of Evidence Without Knowledge (ZK)
X Layer uses zero-knowledge proofs (ZK) to improve user security and privacy. This concept is at the heart of Polygon's vision to increase interoperability across the chain, solving liquidity and user fragmentation.
The Integrated Future of Web3
Polygon CEO Marc Boiron emphasized that X Layer is a major step in building a truly unified Web3. Polygon's X Layer to AggLayer connection unlocks huge potential for improving connectivity and liquidity across the crypto ecosystem.
How to Buy Crypto With Bittime
You can buy and sell crypto assets in an easy and safe way through more . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets at more, make sure you have registered and completed identity verification. Apart from that, make sure you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can buy crypto assets in the application.
Learn How to Buy Crypto on Bittime.
Monitor the movement of the price chart Bitcoin (BTC),Ethereum (ETH), Solana (SUN) and other cryptos to find out current crypto market trends in real-time on Bittime.
DISCLAIMER: This article is informative and does not constitute an offer or solicitation to sell or buy any crypto asset. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in crypto asset exchange rate fluctuations.
Comments
0 comments
Please sign in to leave a comment.