WisePass

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WisePass has integrated X Layer on its web3 stack

WisePass has started integrating more L2 chains on its stack and completed the chain X Layer. The focus of WisePass will be on integrating more chains and enabling users to enjoy spending their tokens on its platforms seamlessly.

About X Layer

X Layer is a Layer 2 scaling solution for Ethereum developed by the crypto exchange OKX. Its primary goal is to address Ethereum’s limitations in scalability, transaction costs, and speed while maintaining the security and decentralization that Ethereum offers. X Layer leverages zero-knowledge proofs (zkEVM), which allow transactions to be verified off-chain with cryptographic guarantees, reducing the cost and time of processing them.

X Layer has several key features:

1. Ethereum Compatibility: It is fully compatible with Ethereum’s existing infrastructure, meaning that decentralized applications (DApps) and smart contracts can be easily migrated to X Layer without requiring code modifications.

2. Low Transaction Fees: The use of zkEVM technology ensures lower fees for developers and users by making transactions more efficient and compact.

3. High Performance: Transactions are processed quickly due to the advanced cryptographic algorithms used in zkEVM, which help achieve near-instant finality.

4. Security: X Layer inherits the security features of Ethereum, protecting users’ funds from malicious actors.

5. Integration with OKX Ecosystem: It integrates seamlessly with OKX products, such as the OKB token and wallet, providing easy access to its large user base and further expanding its Web3 community.

On OKX, the native token used for gas fees is OKB. It is the utility token of the OKX exchange, and it is used for a variety of purposes within the OKX ecosystem, including paying transaction fees, participating in OKX’s decentralized finance (DeFi) applications, and accessing special features and services on the platform.

What’s ahead for WisePass and X Layer?

Users can spend their OKB tokens and enjoy WisePass. The next step is to launch several activities for OKB users to discover and enjoy several use cases of WisePass.