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Stock impact report

Crypto Exchange OKX's Polygon-Powered Layer 2, 'X Layer,' Hits Public Mainnet [Yahoo! Finance]

Coinbase Global, Inc. - Class A (COIN) 
US:NASDAQ Investor Relations: convertedorganic.com
Company Research Source: Yahoo! Finance
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. In a press release, OKX said its developers will be contributing to CDK's codebase, and that X Layer will connect to Polygon's wider ecosystem via the AggLayer . AggLayer is a Polygon offering that aims to unify liquidity across various chains spun up using the project's technology. “OKX's 50 million users now have an easy path to onboarding to X Layer and all the other chains connected to the AggLayer,” Polygon Labs Chief Executive Officer Mark Boiron said in the release. X Layer, which launched on testn Show less Read more
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