• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • About us
  • Write for us
  • Terms and Conditions
  • Privacy Policy
  • Disclaimer
  • Contact
  • All Posts
  • Advertise

TronWeekly

Crypto World News

  • Home
  • Education
    • Best TRON Wallets
    • Beginner’s guide to TRON
  • Opinion
    • Tron Tokens
    • Market Analysis
  • Industry
    • Tron Exchange
    • Project Review
  • Press Release
  • Advertise
  • About us
    • The Team
    • Editorial Policy
    • Write for us
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • Contact
You are here: Home / News / OKEx Renames its Public Chain OKExChain; Aims for EVM Compatibility
vera cho eFoFASAuSgo unsplash scaled

OKEx Renames its Public Chain OKExChain; Aims for EVM Compatibility

September 15, 2020 by Reena Shaw

Cryptocurrency spot and derivatives exchange, OKEx announced that its public OKChain chain has been officially renamed OKExChain. The Cosmos SDK-based public chain, developed by OKEx, supports a number of decentralized [dApps] applications and allows users to issue their own cryptocurrencies, create trading pairs, and trade freely on them. Its multi-chain structure has significantly boosted the efficiency and scale of application development.

In addition, the latest monthly progress report revealed that the OKExChain testnet has been upgraded to v0.11.1.

Commenting on the development, OKEx CEO Jay Hao stated

“We are very confident in the technical strength of OKEx. Throughout our extensive testing, OKExChain has shown very high performance with all the necessary elements of a decentralized public chain.”

The exec also went on to add that,

“Decisions such as whether to enable open node elections, commit to open source, or have governance tokens are indispensable elements of a public chain. So, this is also the easiest way to judge whether a ‘public chain’ is truly public or just a pseudo-public chain.”

The Malta-based platform announced the launch of OKExChain in February this year to support the community with more decentralized applications. This was followed by the OKEx DEX roll-out, which happens to be the first decentralized OKExChain-based application.

In April, OKExChain became the first exchange-developed public chain to become a 100% open-source, where each individual could become a validator node, and even the parent organization OKEx does not have the ability to control the public chain.

In addition, OKEx also claimed that its public chain could process more TPS than the Ethereum blockchain and has reportedly already cooperated with over 60 ecosystem partners, including the public chain, PoS mining pool, explorer, wallet, and other key components of the crypto industry.

In the coming days, OKExChain aims to become EVM-compatible and support all existing Ethereum smart contracts, making it easy for developers to move their decentralized applications to the new chain.

Filed Under: News, Blockchain Tagged With: OKEx

Primary Sidebar

Recent Posts

  • Turkish Central Bank To Impose Ban On Cryptocurrency Payments April 16, 2021
  • Dogecoin [DOGE] Climbs Up the Crypto Ladder to the 8th Spot April 16, 2021
  • ICC Investigates Former Zimbabwe Cricket Team Captain Over The Use Of BTC In Corruption April 16, 2021
  • Ethereum [ETH] Targets $3K; Strong Bullish Sentiment Detected April 16, 2021
  • Dogecoin [DOGE] Bulls Take A Breather After Hitting Peak At $0.14 April 15, 2021


Footer

News

  • Altcoin News
  • Bitcoin News
  • Blockchain
  • Tron News
  • World

Digest

  • Meet the Founder
  • Price Winning Article
  • DeFi
  • Cyber Security
  • Crypto Scam

Industry

  • Project Review
  • Technology
  • Fintech
  • Tron Exchange
  • New in Town

Tron Universe

  • Event and Tron Parties
  • New in Town
  • Tron Tokens

Follow Us

Subscribe US

Copyright © 2021 · Tron Weekly. All Rights Reserved. NOTE: Tron Weekly is an independent crypto news site that adheres to the strict journalism policy anchored on transparency, trust, and objectivity, we have no affiliation with the TRON Foundation, its founder Justin Sun or any other cryptocurrency firm.