layer-2 blockchain, called X Layer has been launched

JeromeTash

legendary

Activity: 2100

Merit: 1208

Heisenberg

Quote from: zasad@ on April 17, 2024, 11:05:47 AM

"OKX, the fourth-largest crypto exchange, said its new layer-2 blockchain, called X Layer, has gone live on its public mainnet, a continuation in the era of major crypto companies starting their own ~~distributed~~ centralized networks.

Here we go again. Another copycat chain with Zero innovation or added value. Just bloating the blockchain space with so many tokens.
By the way, I did a slight correction on your sentence Grin

In my opinion, those chain don't have much value in the crypto space except confuse newbies and make them abandon truly decentralized cryptos

doomloop

hero member

Activity: 2268

Merit: 581

Quote from: Yogee on April 17, 2024, 11:12:01 PM

There are too many things going on but I think the timing of their launch is just right. If conflicts in the middle east doesn't worsen then this is probably a good way to ride the hype of the bullrun. I've seen some speculators pour money onto Base so I expect the same group to rush onto the X Layer.

I won't say it is the right time because people are so confused right now if which things they will focus on first. The market is also in a bearish mood these days, which is another reason on why deploying a crypto project at the moment is a bad idea but we can only hope that the conflicts in the Middle East doesn't get worse, so that we can now continue the postponed bull run and then the start-up crypto projects can still be saved from falling further.

BASE is not new and it seems it also had a potential for it to get the attention of the public, so I won't compare it to this Layer-2 blockchain here called X. It may take some time for it to prove its worth.

btc78

full member

Activity: 2478

Merit: 210

Eloncoin.org - Mars, here we come!

Quote from: zasad@ on April 17, 2024, 11:05:47 AM

The news comes as other major cryptocurrency exchanges have pursued their own layer-2 networks over the past year.

It’s high time for many crypto exchanges to start taking the initiative to try and solve many scalability issues that different coins face.

If solved, it would certainly make the lives of us investors a lot easier. It would also certainly attract more investors or users.

Quote

In August, Coinbase launched its “Base” blockchain, which is built with Optimism’s OP Stack. Kraken is reportedly also interested in creating its own layer-2 blockchain."

With this many trying to solve the issue, I am hoping that one gets it absolutely right and applies it immediately

Yogee

sr. member

Activity: 1526

Merit: 412

There are too many things going on but I think the timing of their launch is just right. If conflicts in the middle east doesn't worsen then this is probably a good way to ride the hype of the bullrun. I've seen some speculators pour money onto Base so I expect the same group to rush onto the X Layer.

Sayeds56

copper member

Activity: 1260

Merit: 698

Eloncoin.org - Mars, here we come!

It is fascinating to see the increasing trend of cryptocurrencies exchanges launching their own layer2 block chains solutions. As OKX has built X chain on Polygon's chain development kit, it adds to its growing landscape. The primary objective of this X chain seems to provide scale-able solution to imprving transactions speed and reducing cost. This innovative solution will also contribute towards advancement of decentralized finance infrastructure.

Wiwo

hero member

Activity: 1022

Merit: 667

Leading Crypto Sports Betting & Casino Platform

Cryptocurrency is gaining ground, and new developments that enhances the scalability and serves as an alternative will continually to come, so I am not surprised at all to see exchanges taking that route to build on alt layer 2 blockchain having it on onchain to aids Faster services.

Okex is gaining popularity lately mostly in my country, I may have missed the notifications, any way this is a positive one.

zasad@

legendary

Activity: 1736

Merit: 4270

https://www.coindesk.com/tech/2024/04/16/crypto-exchange-okxs-new-layer-2-chain-x-layer-built-on-polygon-tech-hits-public-mainnet/
"OKX, the fourth-largest crypto exchange, said its new layer-2 blockchain, called X Layer, has gone live on its public mainnet, a continuation in the era of major crypto companies starting their own distributed networks.
X Layer, previously known as X1, makes use of Polygon's Chain Development Kit (CDK), a customizable toolkit that lets developers build their own chains by making use of zero-knowledge technology.
The news comes as other major cryptocurrency exchanges have pursued their own layer-2 networks over the past year. In August, Coinbase launched its “Base” blockchain, which is built with Optimism’s OP Stack. Kraken is reportedly also interested in creating its own layer-2 blockchain."

Topic: layer-2 blockchain, called X Layer has been launched (Read 67 times)