OKB Price Soars 5% On OKX Chain Development Roadmap Release

Crypto alternate OKX on Monday announces the OKX public chain growth roadmap, revealing its growth plans for the 12 months. OKX launched its public chain challenge OKB Chain (OKBC) in February, with plans to evolve the Ethereum Layer 2 community right into a Layer 2 scaling answer primarily based on ZK know-how.

Meanwhile, OKX will proceed to develop the Layer 1 public chain OKT Chain (OKTC), altering the title to OKT Chain from OKX Chain (OKC).

As a consequence, OKX alternate’s native token OKB value jumps 5%. The value is at the moment buying and selling at $43.90, with a 24-hour low and 24-hour excessive of $41.70 and $43.94, respectively. The buying and selling quantity continues to leap within the final 24 hours.

Built by @OKX. Made for the lots.

To rejoice the upcoming launch of OKB Chain testnet, here’s a fast recap of what we’ve got finished to date and our plans forward ????https://t.co/GR2CyzpdI4 #OKBChain #Ethereum

— OKB Chain (@OKB_Network) March 27, 2023

According to the press release, OKX plans to construct the OKBC community in three steps specifically OKB Chain V1, OKB Chain V2, and OKB Chain V3.

OKB Chain V1 is an Ethereum PoA aspect chain, specializing in offering excessive efficiency and low transaction charges. OKB Chain V2 is Ethereum’s native ZK Rollup platform, enhancing scalability and effectivity. Whereas, OKB Chain V3 permits cross-chain communication between ZK Rollups and helps create decentralized apps (DApp).

OKX efficiently achieved a testing efficiency of 6,000 TPS on the OKTC testnet in October. OKBC V1 testnet can be launched quickly, with a deal with decentralization and zkEVM. Interestingly, a dual-chain technique leveraging the benefits of each OKTC and OKBC for seamless and user-friendly Web3 expertise is at the moment underneath the plan.

Meanwhile, Polygon additionally works on Ethereum Layer-2 scaling, with zkEVM mainnet beta launch on Monday, March 27. The firm invested $1 billion in ZK know-how and efficiently launched its zkEVM testnet in October 2022. The zkEVM is the most-promising know-how for growing transaction velocity and lowering transaction charges on Ethereum by 90%.

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Varinder is a Technical Writer and Editor, Technology Enthusiast, and Analytical Thinker. Fascinated by Disruptive Technologies, he has shared his data about Blockchain, Cryptocurrencies, Artificial Intelligence, and the Internet of Things. He has been related to the blockchain and cryptocurrency business for a considerable interval and is at the moment protecting all the newest updates and developments within the crypto business.

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