Skip to content

#RedStonePowered ep.3: OKC

  • by

We are excited to announce that OKC is now #RedStonePowered! ♦️⚡

If you want to build a data-powered dApp on this EVM-compatible, Cosmos based, IBC interoperable chain, look no further. We now provide the necessary data for it!

What is OKC Network?

OKC (OKX Chain) is an EVM-compatible L1 built on Cosmos with a focus on true interoperability (Inter-Blockchain Communication) and maximized performance. Thanks to high scalability, developers can build and scale with low gas fees. The OKC ecosystem and infrastructure, including the all-in-one multi-chain Web3 interface, enables a seamless experience for both developers and users.

Advantages of OKC

● High Scalability & Maximized Performance: Based on enhanced Tendermint and Delegated Proof of Stake (DPoS) consensus that can support up to 5000 Transactions per Second (TPS), Web3 applications shall reach their full potential at extremely low cost.

● Enhanced Interoperability: OKC supports Inter-Blockchain Communication (IBC) protocol that — together with the Tendermint consensus algorithm featuring instant finality — can be used to realize value transmission within the Cosmos ecosystem in seconds. Being EVM compatible, OKC allows developers to build projects without any learning cost.

● Developer Friendly: OKC is completely open-source. Anyone can read it, check the progress, comment on it, and help build the ecosystem.

● Secure: The OKC team offers a reliable smart contract auditing service, making it a genuinely decentralized protocol that avoids the centralization risks of most blockchain networks today.

Cooperation with RedStone

RedStone now provides the OKC community with a cutting-edge oracle solution for the applications within the OKC ecosystem. Now OKX chain applications will be able to interact with our diverse data feeds covering cryptocurrencies, NFTs, equities, and much more. We are also ready to provide custom data feeds tailored to the applications’ needs. Non-standard data is our specialty and we want the OKC builders to leverage it to the fullest. All of that will enable them to create use cases limited only by their imagination.

Questions to the OKC team

Q1. How did you get into the web3 space?
Nanfeng, from Product:

  • Back in 2011 while I was still a PhD candidate, I learned some information about blockchain and started mining BTC. However, not until 2018 did I formally become a Web3 product manager.

Chai, Ecosystem:

  • Attended a Bitcoin event in Berlin in 2015, and got hooked on its simple yet beautiful idea. Totally went down the rabbit hole after two years when I joined Huobi to charge Wallet.

Q2. What are the beginnings of OKC? (a bit about your funding story)
OKX and OKCoin have been around for more than 5 and 8 years respectively — it is about time for us to venture into building and contributing more to the web3 space. OKC was developed with true interoperability and maximized performance in mind right from the beginning, bringing siloed ecosystems together. We wanted to build a chain that would enable seamless experiences across both centralized and decentralized functions, and we are in a position to achieve that.

Q3. What excites you the most about what you’re building?
OKC has achieved the highest TPS among all the EVM-compatible chains as well as Cosmos chains, and the record gets broken once in a while by our own developments.

Q4. Where do you see OKC 3 years from now?
OKC will serve as the bedrock to connect the centralized and decentralized ecosystems with maximum compatibility, enabling Web3 interactions at stunning speed.

OKC channels

Website: https://okx.com/okc
Web3 Multi-chain interface: https://okx.com/web3
Twitter: https://twitter.com/OKCNetwork
Submit Project: https://forms.gle/MqRiG5hKDENYgKBMA

RedStone channels

Website: https://redstone.finance/
Twitter: https://twitter.com/redstone_defi
Discord: https://discord.com/invite/PVxBZKFr46
GitHub: https://github.com/redstone-finance
LinkedIn: https://www.linkedin.com/company/redstone-finance/

Leave a Reply

Your email address will not be published.