OKT Chain satisfies our desire to explore Layer 1 technology, but at the same time, we have noticed that Ethereum’s scaling technology has reached a turning point. In the short term, Ethereum’s network performance will not significantly improve, and the Gas War is causing problems for ordinary users. If we turn our attention to Layer 2, transactions are only considered to be safe after the fraud-proof challenge window of 1–2 weeks for Optimistic Rollup technology, and the ZK general network is not yet mature (most known ZK projects are still exploring EVM platforms). While these solutions address short-term scaling needs, they are still unable to meet the performance and efficiency demands of more extreme use cases (such as GameFi, derivative Dex, etc.).

More importantly, there is a severe imbalance between the development rates of chain-layer and application-layer technology. Uniswap’s proposed AMM trading model is less sophisticated and seems to be struggling to achieve its intended utility. We would like to find a solution to this imbalance once and for all; otherwise, efficiently processing more complex financial derivatives will be impossible. OKX has accumulated a decade of exchange technology experience — we have been able to cope with diverse derivative transactions, implement a unified counter-matching engine, and properly handle system risk control and clearing. To better combine these globally leading capabilities with self-custodial DeFi ecosystems, we need to deeply integrate products and liquidity to provide a seamless experience for end-users. This logic means we must leverage OKX’s products and resources, but this could also contradict with our goal of decentralization and creating a community for developers. Ultimately, we decided to undertake this mission by launching the OKB Chain (OKBC).

As of now, we have three key steps leading the OKBC initiative:

Even with OKBC V1, developers and users will quickly feel our ambition is not just empty talk after the mainnet launch. This is because OKX already has a wealth of development, operation, and ecosystem resources and does not need to worry too much about short-term profit returns. Specifically, we will provide:

Our Decentralization Story: A Dual-chain Strategy

OKTC has been running stably for more than two years since its launch. From the beginning, we have been ambitious to explore the boundaries of Layer 1 technology, continuously iterating the underlying technology, and growing together with the Layer 1 ecosystem. Now, with the introduction of OKBC, we aim to build a bridge between CeFi and DeFi, contributing to the Ethereum ecosystem with cutting-edge scalability solutions.

By leveraging the advantages of both OKTC and OKBC, we will create a seamless and user-friendly Web3 experience for our users. We will also remain committed to long-term growth and promoting progress across the blockchain industry. We firmly believe that the continuous development of OKTC and the birth of OKBC will once again amplify OKX’s unwavering determination to innovate in the blockchain landscape, paving the way to a more inclusive yet decentralized Web3 future.

OKB Chain is an Ethereum scaling solution built for security and seamless integration, providing users with high-performance decentralized applications.