OKBC Development Roadmap: Bringing Ethereum Expansion Solution in Three Steps

03/27/2023 09:10 • Tech Trends • 129 views

It is reported that according to the official Twitter message of OKX in Chinese, the Layer2 public chain OKBC has officially announced its development roadmap, which will implement the Ethereum expansion solution in three steps. V1 is the Ethereum PoA side chain, focusing on providing high performance and low transaction costs; Upgrading V2 to Ethereum’s native ZK Rollup platform significantly improves scalability and efficiency; V3 connects the cross chain communication between ZK Rollups and uses OKB as a link to provide users with a Web3 usage experience similar to Web2.

OKBC announces its development roadmap, and the test network will be launched on time in Q1

Are you curious about what’s been happening with OKBC lately? If so, you’re sure to be excited by the recent announcement from the Layer2 public chain. According to an official Twitter message from OKX in Chinese, OKBC has released its development roadmap, which consists of three steps aimed at implementing the Ethereum expansion solution. In this article, we’ll take a closer look at each of these steps and what they entail.

Step 1: Ethereum PoA Side Chain

The first step in OKBC’s development roadmap focuses on providing high performance and low transaction costs using Ethereum’s Proof of Authority (PoA) side chain. This chain will allow users to interact with the Ethereum network while avoiding the high gas fees and slow transaction times that can sometimes accompany the network’s native chain.

Step 2: Upgrading to Ethereum’s Native ZK Rollup Platform

The second step of the roadmap sees OKBC upgrade to Ethereum’s native ZK Rollup platform. This upgrade will bring significant improvements to scalability and efficiency, which will be of great benefit to users seeking a better overall experience with the Ethereum network. With ZK Rollups, users can enjoy higher throughput and faster transaction times while still leveraging the security and decentralization of the Ethereum network.

Step 3: Connecting Cross Chain Communication with ZK Rollups

Finally, the third step of OKBC’s development roadmap is to connect cross chain communication with ZK Rollups. This step will allow for a more seamless interaction between different blockchains and help create a more unified experience for users. Additionally, the use of OKB as a link in this process will provide a Web3 usage experience that is similar to Web2, making it easier for users to access and utilize the Ethereum network.

Conclusion

It’s clear that OKBC is making a serious effort to improve the overall Ethereum network and user experience. By implementing these three steps, OKBC is not only improving functionality but also making the network more accessible to a wider range of users. With this development roadmap in place, it will be interesting to see how other blockchain developers respond and what future directions OKBC takes.

FAQs

Q: What is OKBC?
A: OKBC is a Layer2 public chain that aims to provide high-performance and low-cost interaction with the Ethereum network.
Q: What is Ethereum’s PoA side chain?
A: Ethereum’s PoA side chain is a blockchain infrastructure that allows users to interact with the Ethereum network while avoiding high gas fees and slow transaction times.
Q: What is ZK Rollup?
A: ZK Rollup is a layer-two scaling solution that improves the throughput and transaction processing speed of the Ethereum network while still leveraging its decentralization and security.

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