OKExChain welcomes Cosmostation validator node operator amongst six different companions to its quickly increasing ecosystem

VICTORIA, Seychelles, March 19, 2021 /PRNewswire/ — OKEx (www.okex.com), a world-leading cryptocurrency spot and derivatives alternate, is happy to announce that the staff behind the open-source public OKExChain has partnered with Cosmostation, an enterprise-level validator supplier and end-user utility developer. This collaboration marks the most recent in a sequence of necessary partnerships — protecting pockets suppliers, sensible contract auditors, blockchain safety specialists, and DeFi DApp builders — all serving to develop its quickly rising ecosystem.

Cosmostation was designed to fit into the infrastructure of assorted proof-of-stake networks, with a selected deal with these constructed utilizing Tendermint Engine and Cosmos SDK, reminiscent of OKExChain. Appearing as a validator node on the community, the mixing of Cosmostation will permit customers on the OKExChain to simply and safely stake their tokens to earn rewards. So far, near $3 billion in property are already being staked utilizing Cosmostation infrastructure. 

Along with environment friendly node operation, Cosmostation gives safe, user-friendly instruments — reminiscent of noncustodial cellular and internet wallets, in addition to the Mintscan Block Explorer — and can be supporting OKExChain customers throughout its product vary. Its Mintscan Block Explorer is at present getting used because the official Cosmos ecosystem explorer by nearly all of exchanges and has been developed to fulfill the excessive specs of Cosmos SDK-based networks.

Six different main companions have additionally joined the OKExChain ecosystem this quarter, together with blockchain safety specialists, sensible contract auditors and cybersecurity specialists: Chains Guard, Beosin, Certik, PeckShield, KnownSec and Chaitin. Every of those respected security-oriented suppliers are serving to to shore up OKExChain’s infrastructure for enormous wider adoption, making it scalable and immune to hackers and coding errors.

OKEx CEO Jay Hao commented on the most recent partnerships:

“We’re extraordinarily impressed with the work the OKExChain staff has accomplished to this point in constructing out its ecosystem to make it as sturdy and user-friendly as attainable. We have seen a number of main partnerships already this quarter and are thrilled to welcome Cosmostation as a trusted node operator on OKExChain. With its devoted deal with buying and selling, OKExChain is cementing its function as a severe contender within the DeFi financial system.” 

OKExChain has been following a phased launch since December 2020 and is getting ready to change on its EVM-compatible characteristic within the fourth, and last, stage. Which means builders on the Ethereum blockchain at present challenged by excessive community congestion and charges will have the ability to simply migrate their purposes to a safe, decentralized chain with excessive throughput, low transaction charges and the help of among the most revered names within the business.

About OKEx

A world-leading cryptocurrency spot and derivatives alternate, OKEx affords essentially the most numerous market the place world crypto merchants, miners and institutional buyers come to handle crypto property, improve funding alternatives and hedge dangers. We offer spot and derivatives buying and selling — together with futures, perpetual swap and choices — of main cryptocurrencies, providing buyers flexibility in formulating their methods to maximise good points and mitigate dangers.

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