Xlayer

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What is X Layer?

X Layer is a zero-knowledge Ethereum Virtual Machine (zkEVM) Layer 2 network developed by OKX in collaboration with Polygon. Built using Polygon's Chain Development Kit (CDK), X Layer offers full EVM compatibility, enabling developers to deploy existing Ethereum applications and create new projects with significantly lower costs and faster transaction speeds compared to the Ethereum mainnet.

Key Features

• zkEVM Architecture: Utilizes zero-knowledge proofs to ensure secure and efficient transaction validation, enhancing scalability and reducing gas fees.
• EVM Compatibility: Supports all existing Ethereum smart contracts, developer tools, and wallets without requiring code modifications.
• Polygon CDK Integration: Leverages Polygon's CDK for seamless interoperability and access to a broad ecosystem of decentralized applications (dApps).
• wOKB as Native Token: Employs wOKB, OKX's native token, for transaction fees and other network utilities, facilitating easy value transfer between OKX and X Layer.
• Bridging Capabilities: Features a flexible message bridge that allows seamless asset transfers and communication between Layer 1 and Layer 2 networks.

Native Token: wOKB

wOKB serves as the native utility token for X Layer, with multiple functions within the ecosystem:

• Transaction Fees: Used to pay for operations and interactions within the X Layer network.
• Staking and Governance: Holders can participate in network governance and staking activities.
• Bridging: Facilitates asset transfers between Ethereum and X Layer through a 1:1 bridge mechanism.

Integration with Cryptoworth

X Layer integrates seamlessly with Cryptoworth, providing users with enhanced financial clarity in their digital asset accounting workflows. Through this integration, users can efficiently track, categorize, and report their wOKB transactions, ensuring accurate financial reporting and compliance with accounting standards.

Getting Started

1. Set up a compatible Web3 wallet, such as MetaMask or the OKX Wallet, and connect it to the X Layer network using the following details:
   • Network Name: X Layer Mainnet
   • RPC URL: https://rpc.xlayer.tech
   • Chain ID: 196
   • Currency Symbol: wOKB
   • Block Explorer URL: https://www.okx.com/web3/explorer/xlayer
2. Acquire wOKB tokens through the OKX exchange or supported decentralized exchanges.
3. Bridge assets between Ethereum and X Layer using the official bridge: https://www.okx.com/en-us/xlayer/bridge
4. Explore and interact with dApps within the X Layer ecosystem to utilize your wOKB tokens.
5. Utilize Cryptoworth to monitor and manage your wOKB holdings for streamlined accounting and reporting.

For more information, visit the X Layer website.