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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. ZKFair is set to release a zero-knowledge (ZK) community -driven layer-2 network, according to a press release shared exclusively with crypto.news.  The layer-2 platform launched its testnet in early December and plans to deploy on the mainnet on Dec. 20.  Moreover, ZKFair will also distribute 100% of its tokens to the community through a fair airdrop. This approach ensures everyone has an equal opportunity to participate in the network’s growth and development. Through this model, the community can redefine the future of ZK, where every voice matters and innovation flourishes.  You might also like: Coinbase CEO considers anti-crypto bills as ‘bad political strategy’ The decision to launch ZKFair is to address existing issues. Though ZK technology can be an option for solving scalability issues ...

The “X1” network will be part of the Polygon ecosystem and use zero-knowledge proofs to bridge assets from Ethereum. Crypto exchange OKX has launched a testnet for an upcoming Ethereum layer-2 network named “X1,” according to a Nov. 14 announcement. The network is being developed using the Polygon chain development kit (CDK) and will use zero-knowledge proofs to validate deposits and withdrawals between layers. OKX exchange interface. Source: OKX OKX is the sixth-largest centralized crypto exchange by volume, with over $1.8 billion in trading volume per day, according to data from CoinMarketCap. Its token, OKB, has a current market cap of over $3.6 billion, making it one of the top 30 cryptocurrencies. When a mainnet version of the new network is launched, OKB will be the native coin used to pay gas fees on it, the announcement stated. X1 is being developed using the Polygon CDK, potentially making it part of the broader Polygon ecosystem that includes Polygon zero-knowledge Ethereu...