OKX exchange said it will launch a new blockchain called OKBChain, which will be launched in the first quarter of 2023 of this year and is independent of the current Okxchain.
This news was officially confirmed by the founder of OKX exchange Star Xu on February 16. Accordingly, he said Okxchain is a blockchain that works under Proof-of-Stake (POS) consensus mechanism with completely open source code and built by the community, while OKBChain is developed and operated by the public. company OKX. These two chains are completely separate.
To clarify, Okxchain is a POS chain which is totally open and co-build by communities.OKBChain is developed and operated by OKX company. The two chains are completely separate. https://t.co/Y0QUjtuY6Q
— Star (@starokg) February 16, 2023
It can be seen that the launch of a bold new blockchain is a relatively reasonable development for OKX at the present time despite the market conditions still in a difficult period, there is not enough data to confirmed a healthy uptrend signal again despite Bitcoin’s sudden jump to $24,300, setting a new high for 2023.
Because in the past time, OKX has gained many strong intrinsic motivations such as issuing Proof-of-Reserves twice at the end of December 2022 after a series of FUDs on deposit status. Customers are not transparent about exchanges, affected by the collapse of FTX. In addition, just recently in January 2023, OKX continued to publish a new asset report, holding $7.5 billion in user funds.
But right after the news was released, the price of OKB (OKX exchange token) had an impressive growth, reaching a new ATH at 52.8 USD, breaking the old record at 44 USD that was just set about a year. previous week.