OKX launches a new blockchain, OKB price reaches new all-time high

Star Xu, the founder of OKX, confirmed the news on February 16. According to Star Xu, OKXchain operates under Proof-of-Stake consensus mechanism. It is completely open source code and was built by the community. OKBChain is maintained and developed by the exchange company. The two chains are distinct. OKB, the company’s internal token, surged 20% after the creator of a prominent cryptocurrency derivatives trading exchange, announced the launch of a new blockchain. OKB/USDT Chart by TradingViewOKXchain was developed and operated by the exchange company, while OKBChain is a blockchain operating under Proof-of-Stake (PoS) consensus mechanism with completely open source code and built by the community. OKB trades at $47.7 at the time of writing.OKB/USDT Chart By TradingViewIt is clear that OKX has gained a lot of intrinsic momentum. OKB issued Proof-of-Reserves two times at the end of 2022 following a series of FUDs regarding customer deposits. These FUDs were not transparent about the exchange and the impact of FTX’s collapse. The OKXChain mainnet was also released in January 2023. This follows a series of FUDs on the status of customer deposits that were not transparent about the exchange, following the collapse of FTX. The fourth and final phase of the mainnet’s rollout enabled the smart contract virtual machines and made OKXChain interoperable to all Ethereum-based projects. We encourage you to do your own research before investing.Join us to keep track of news: NewsTags: OKBOKBChainOKXOKXChain