In a remarkable surge of growth, OKB, of the OKX exchange, experienced a remarkable ascent of over 19% on February 15, 2023, ascending to an unprecedented pinnacle of $52.31.
This phenomenal rally was catalyzed by the groundbreaking announcement made by Star Xu, founder of OKEx. Xu revealed that the launch of a revolutionary blockchain, christened OKBChain, is slated to take place in Q1 of 2023.
Following its latest surge in value, OKB has ascended to the ranks of the top 25 cryptocurrencies by market capitalization.
OKBChain is an OK blockchain
The OKBChain will be developed and operated solely by the OKX company. Additionally, it will function autonomously, dissociated from Okxchain, a collaborative proof-of-stake (POS) chain established by communities.
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In a tweet, the visionary Star Xu explained the discrepancy between the two chains:
- Okxchain is an open, community-co-built proof-of-stake (POS) chain.
- OKBChain is a one-of-a-kind innovation created and operated entirely by the reputable OKX company.
Xu went on to emphasize that the two chains are entirely distinct entities.
ATH,it’s a good news. Also it’s the community’s trust to OKX. A new OKBChain will be launched in Q1 which is independent with current Okxchain , start to build OKB decentralized ecosystem. pic.twitter.com/7IcMbFa1VE
— Star (@starokg) February 16, 2023
Moreover, he expressed his elation at OKB’s all-time high and underscored the community’s unwavering faith in OKX.
On the path to greatness
OKEx demonstrated its dedication to the core principles of blockchain – openness and decentralization – by launching the OKXChain mainnet in December 2020.
The rollout was completed in four phases, with the final stage enabling the smart contract virtual machine and ensuring compatibility with all Ethereum-based projects.