OKX exchange said it would 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.
OKX exchange launches new blockchain, OKB price continues uptrend
The founder of OKX exchange Star Xu on February 16 officially confirmed this news. Accordingly, he said Okxchain is a blockchain that operates under Proof-of-Stake (POS) consensus mechanism with completely open-source code and is built by the community. At the same time, 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 totally separately. https://t.co/Y0QUjtuY6Q
— Star (@starokg) February 16, 2023
t can be seen that launching a bold new blockchain is a relatively reasonable development for OKX at present; despite the market conditions still being in a difficult period, there is not yet enough data to confirm a healthy uptrend signal is back 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 momenta, 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 published a new asset report, holding $7.5 billion in user funds.
OKB/USD 4-hour chart | Source: TradingView
But right after the news was released, the price of OKB had impressive growth, reaching a new ATH at $52.8, breaking the old record of $44 just set about a year ago.
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