OKT Chain, identified as OKTC, is a groundbreaking blockchain platform designed to enhance interoperability and performance within the Cosmos ecosystem. It uniquely supports both EVM (Ethereum Virtual Machine) and WasmVM (WebAssembly Virtual Machine), positioning it as a highly innovative platform for contract interactions. This dual compatibility facilitates automatic translation between KIP20 and CW20 assets, offering a new approach to contract interactions.
Developed by the OKX team, OKTC leverages the team's extensive experience in the crypto domain. It stands out for its developer-centric environment, providing marketing support, technical resources, and a super scalable infrastructure capable of handling up to 6,000 transactions per second with transaction fees lower than $0.01. The platform's commitment to security, interoperability, and developer support aims to foster a thriving ecosystem for Web3 applications.
The native utility token of OKT Chain, OKT, is integral to its operation, facilitating transactions, staking, and gas fees. It differentiates from OKB, the utility token of the centralized OKX exchange, by focusing on technology and less on economic incentives, thereby better serving its role within the tech-focused OKT Chain. OKT's ecosystem is set for future scalability improvements and integration of additional virtual machines, emphasizing its commitment to continuous development and innovation.
