Digital assets exchange OKEx announced on Monday its public chain OKChain has been renamed to OKExChain. The platform further noted it has made changes to the public chain.
“OKExChain also takes the lead among exchange-developed public chains. By fully utilizing the nature of peer-to-peer networks, implementing irreversibility and efficient autonomy in its source code, no participants, are able to control or manipulate the public chain, thus achieving absolute decentralization and meaning that OKExChain can be considered a ‘fundamentalist’ public chain.”
While sharing more details about the public chain, OKEx CEO Jay Hao, stated:
“Throughout our extensive testing, OKExChain has shown very high performance with all the necessary elements of a decentralized public chain. Decisions such as whether to enable open node elections, commit to open source, or have governance tokens are indispensable elements of a public chain. So, this is also the easiest way to judge whether a ‘public chain’ is truly public or just a pseudo-public chain.”
Founded in 2018, OKex claims its platform offers spot and derivates trading to help traders optimize their strategy. It also provides safe, reliable, and stable environment for digital assets trading through web interface and mobile app.
“We believe blockchain technology will eliminate barriers to transactions, increase the efficiency of transactions across society, and eventually have a significant impact on the global economy. We strive to achieve something that changes the world and never stop to innovate and improve on our customer experience.”