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#OKT +91.6%
$INSP +35.8%
#ORCA +31.4%
$ML +30.1%
#DERC +26.0%
$BTTC +26.0%
$PAID +25.9%
#SIS +24.9%
$FLR +24.1%
$EGLD +19.2%
#dailygainers
#OKT +91.6%
$INSP +35.8%
#ORCA +31.4%
$ML +30.1%
#DERC +26.0%
$BTTC +26.0%
$PAID +25.9%
#SIS +24.9%
$FLR +24.1%
$EGLD +19.2%
#dailygainers
OKX’s OKB Chain To Develop Zk Technology As Core Strategy
In a recent tweet, Star Xu, the founder of OKX exchange, has revealed the future plans for OKB Chain, a blockchain project being developed by the company.
According to Xu, OKT Chain and OKB Chain are two completely separate networks. OKT will continue to operate as a layer 1 and improve the performance of decentralized applications (DApps) through new updates, while OKB will be a side chain built on the Ethereum platform.
Xu stated that OKB will develop Zk technology and play a core strategic role in the OKX ecosystem alongside OKT. The announcement by the OKX founder opens up a new candidate for the layer 2 battle on Ethereum. In addition, Zk (zero-knowledge) is a trend being pursued by many projects with the prospect of increasing security for users and improving network scalability.
It is noteworthy that OKB previously achieved an all-time high (ATH) when OKX announced the OKB blockchain in February. Within a week, OKB increased by over 32% to reach $58.66 and became the 8th largest cryptocurrency on the market. Xu wrote on Twitter on February 16, “Reaching ATH is good news. This shows the community’s trust in OKX.”
The OKX exchange has made strong development strides recently. After the collapse of FTX, OKX became the second largest exchange in the world in terms of trading volume, behind Binance. In February, the exchange announced a reserve report with $8.6 billion in net reserves consisting of Bitcoin, Ethereum, and USDT.
This announcement by Star Xu is a positive step for OKB and OKX, as it gives investors and the community more clarity on the future direction of the project. With the development of Zk technology, OKB has the potential to become a major player in the layer 2 race on Ethereum. The success of OKX and its continued growth in the cryptocurrency market is worth watching in the coming months.
#OKT #OKX #OKB #azcoinnews #crypto2023
This article was republished from azcoinnews.com
According to Xu, OKT Chain and OKB Chain are two completely separate networks. OKT will continue to operate as a layer 1 and improve the performance of decentralized applications (DApps) through new updates, while OKB will be a side chain built on the Ethereum platform.
Xu stated that OKB will develop Zk technology and play a core strategic role in the OKX ecosystem alongside OKT. The announcement by the OKX founder opens up a new candidate for the layer 2 battle on Ethereum. In addition, Zk (zero-knowledge) is a trend being pursued by many projects with the prospect of increasing security for users and improving network scalability.
It is noteworthy that OKB previously achieved an all-time high (ATH) when OKX announced the OKB blockchain in February. Within a week, OKB increased by over 32% to reach $58.66 and became the 8th largest cryptocurrency on the market. Xu wrote on Twitter on February 16, “Reaching ATH is good news. This shows the community’s trust in OKX.”
The OKX exchange has made strong development strides recently. After the collapse of FTX, OKX became the second largest exchange in the world in terms of trading volume, behind Binance. In February, the exchange announced a reserve report with $8.6 billion in net reserves consisting of Bitcoin, Ethereum, and USDT.
This announcement by Star Xu is a positive step for OKB and OKX, as it gives investors and the community more clarity on the future direction of the project. With the development of Zk technology, OKB has the potential to become a major player in the layer 2 race on Ethereum. The success of OKX and its continued growth in the cryptocurrency market is worth watching in the coming months.
#OKT #OKX #OKB #azcoinnews #crypto2023
This article was republished from azcoinnews.com
😱🚀🚀Five prominent Altcoins of the day: Show of power!
1- SuperRare (#RARE )
The NFT marketplace platform SuperRare (RARE) on the Ethereum blockchain was the highest-rising altcoin of the day. RARE increased by 80 percent in the last 24 hours.
According to CoinGecko data, RARE recorded a trading volume of $530 million in the last 24 hours. RARE stands out with a market value of $156 million.
2- Tribe (#TRIBE )
Tribe (TRIBE), the governance token of decentralized stablecoin issuer Fei Protocol, increased by 46 percent in the last 24 hours.
According to CoinGecko data, TRIBE recorded a trading volume of $26 million in the last 24 hours. TRIBE stands out with a market value of $275 million.
3- Synapse ($SYN )
Synapse (#SYN ), an interchain communication protocol, became the third altcoin that gained the most value of the day. SYN has increased by 45 percent in the last 24 hours.
According to CoinGecko data, SYN recorded a trading volume of $250 million in the last 24 hours. SYN stands out with its market value of $155 million.
4- OKX Chain (#OKT )
OKX Chain (OKT), the blockchain token of the popular crypto exchange OKX, was one of the altcoins that left its mark on the day. OKT increased by 32.4 percent in the last 24 hours.
According to CoinGecko data, OKT recorded a trading volume of $1.5 million in the last 24 hours. SYN stands out with its market value of $145 million.
5- Banana Gun ($BANANA )
The trading bot Banana Gun (#BANANA ), which can be used on Telegram, started the weekend with a striking increase. BANANA increased by 31 percent in the last 24 hours.
According to CoinGecko data, BANANA recorded a trading volume of $260 million in the last 24 hours. BANANA draws attention with its market value of $210 million.
1- SuperRare (#RARE )
The NFT marketplace platform SuperRare (RARE) on the Ethereum blockchain was the highest-rising altcoin of the day. RARE increased by 80 percent in the last 24 hours.
According to CoinGecko data, RARE recorded a trading volume of $530 million in the last 24 hours. RARE stands out with a market value of $156 million.
2- Tribe (#TRIBE )
Tribe (TRIBE), the governance token of decentralized stablecoin issuer Fei Protocol, increased by 46 percent in the last 24 hours.
According to CoinGecko data, TRIBE recorded a trading volume of $26 million in the last 24 hours. TRIBE stands out with a market value of $275 million.
3- Synapse ($SYN )
Synapse (#SYN ), an interchain communication protocol, became the third altcoin that gained the most value of the day. SYN has increased by 45 percent in the last 24 hours.
According to CoinGecko data, SYN recorded a trading volume of $250 million in the last 24 hours. SYN stands out with its market value of $155 million.
4- OKX Chain (#OKT )
OKX Chain (OKT), the blockchain token of the popular crypto exchange OKX, was one of the altcoins that left its mark on the day. OKT increased by 32.4 percent in the last 24 hours.
According to CoinGecko data, OKT recorded a trading volume of $1.5 million in the last 24 hours. SYN stands out with its market value of $145 million.
5- Banana Gun ($BANANA )
The trading bot Banana Gun (#BANANA ), which can be used on Telegram, started the weekend with a striking increase. BANANA increased by 31 percent in the last 24 hours.
According to CoinGecko data, BANANA recorded a trading volume of $260 million in the last 24 hours. BANANA draws attention with its market value of $210 million.