OKX debuts Ethereum L2 network X Layer

Cryptocurrency exchange OKX has launched X Layer, an Ethereum layer-2 scaling solution, to its public mainnet.

Developed using Polygon’s Chain Development Kit, X Layer uses zero-knowledge proofs to enhance security and interoperability.

The newly introduced X Layer is fully compatible with the Ethereum Virtual Machine (EVM).

X LAYER aims to unlock and accelerate the global adoption of the Web3 economy, ensuring greater individual freedom and opportunity for millions worldwide. We’re incredibly excited about what’s to come and welcome you to join us as we work to bring the vision of X LAYER to life.

“X LAYER is integrated with OKX Exchange (CEX) and the OKX Web3 Wallet,” OKX Chief Marketing Officer Haider Rafique said in a statement on Tuesday.

“Users can seamlessly bridge assets from the two platforms to LAYER to interact with the DApps deployed on the network.”

Rafique expanded on three of X Layer’s long-term purposes: to simplify on-chain decentralized applications, to empower creators, and to make transactions faster and cheaper.