By clicking “Accept All Cookies”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. View our Privacy Policy for more information.

OKC

OKC is a blockchain dveeloped by the popular crypto exchange OX.

It's an open-source public Blockchain technology that provides a decentralized, transparent and secure platform for digitized financial markets.

It is designed to bridge the gap between traditional financial services and new digital assets. The key features of OKC blockchain include efficient and secure transaction processing, fast transaction confirmation times, smart contract capabilities, and enterprise level scalability. With its innovative combination of privacy, openness and security, the OKC blockchain is poised to become a revolutionary force in the world of finance.

Check out some of the popular dApps that support OKC below.

No. of Nodes:
21
Type of chain:
Layer 1 chain
Consensus mechanism:

Delegated Proof-of-Stake (DPoS)

Pros

  • OKC offers great security
  • Fast transactions

Cons

  • Limited Market Penetration
  • High Technical Knowledge Needed
  • Security Concerns

Features

  • Advanced consensus protocol to handle over 1,000 transactions per second.
  • Encryption and Node verification
  • Extensibility with smart contract use
  • Open source accessibility

User review highlights

Popular dApps on

OKC

Search by name:
Search by category:
Reset all
Showing 0 results of 0 items
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Cryptoblades

Cryptoblades
Description:
CryptoBlades is a revolutionary web-based NFT roleplaying game launched on the Binance Smart Chain.
Pros:
  • Cryptoblades requires less capital to play
  • Game characters are NFTs which can be transferred
  • Game operates on Binance Smart Chain, Polymatic, Avax, and a few others
  • Randomized battle based on probability Roll
  • Crypoblades gives players the ability to level up characters
  • Uses the Bazaare marketplace
Cons
  • Some elements of the game not operational yet being currently developed and tested
  • Quite difficult to level up lower level characters to a level where the return on fights starts to become profitable

User reviews of

OKC

What is the OKC blockchain?

The OKC chain is built using Cosmos SDK and Tendermint, which are tested for reliability, scalability, and speed. It's the blockchain developed by the popular cyrpto exchange OKX.  

The network can process as many as 2000 transactions per second with minimal cost or fees associated with them. Thanks to its smart contract capabilities, it is perfectly suited for trading purposes. Additionally, it comes with an easy-to-use Web3 interface to get users up and running quickly without having to become experts in blockchain technology.

OKX Chain also offers several advanced features like virtual asset control, 3D asset sharing system integration, NFT validation and a cross-chain asset transfer protocol.

All these functionalities make it perfect for Metaverse applications and building complex decentralized applications that require immense performance levels. It has compatibility with the Ethereum Virtual Machine (EVM) making seamless integration with traditional well-known technologies possible. 

OKC blockchain pros

  1. Increased Security: The OKC blockchain offers an unprecedented level of security that is unmatched by other digital payment systems.
  2. Cost Reduction: By using the distributed ledger technology, enterprises will be able to significantly reduce their operational costs, as well as benefit from cost savings made possible by faster transactions and reduced manual labor.
  3. Transparency and Traceability: Transactions recorded on the OKC blockchain are easily traceable and transparent for everyone involved in the network. This can help businesses detect frauds and identify any discrepancies early on in the process.
  4. Improved Accuracy: With a more accurate system, companies can rely on more precise data when making decisions or monitoring operations.
  5. Faster Transactions: The transaction time between parties is much faster with the OKC blockchain than with traditional payment methods such as wire transfers or online banking services because it eliminates manual processes and reduces intermediary involvement.

OKC blockchain cons

  1. Limited Market Penetration: Although the OKC Blockchain has been around for years, it has not made much inroads into widespread adoption outside of a few niche markets.
  2. High Technical Knowledge Needed: Creating and managing an OKC Blockchain account requires a certain level of technical knowledge which is beyond most users.
  3. Security Concerns: As the OKC Blockchain records are digital and open-source, there’s always a chance of cyberattacks or data breaches that can compromise the security of your digital assets.
  4. Slow Transaction Speed: Transactions on the OKC Blockchain take significantly longer to get processed as compared to other blockchain networks like Ethereum or Bitcoin.

OKC blockchain features

  1. Fast and Scalable: OKC utilizes an advanced consensus protocol to handle over 1,000 transactions per second.
  2. High Security: Encryption and Node verification ensures the security of user data and transaction data on OKC Blockchain.
  3. Extensibility: The use of smart contracts makes OKC blockchain extensible and allows developers to build applications specific to their needs.
  4. Governance System: This system helps ensure that any changes or upgrades adhere to established protocol so that all users are aware of them prior to implementation.
  5. Accessibility: Open source accessibility makes it easier for developers and users alike to interact with the platform while reducing any potential risk associated with centralized application development.

OKC blockchain fees

The fees associated with the OKC Blockchain vary depending on the services used and the ownership structure of projects using the network.

As an example, small external projects will typically pay no upfront fees but just transaction fees which can range from 0.3% to 4%.

Bigger projects involving partners are likely to be charged by setup and deployment fee plus transaction costs.  

Does OKC have it's own token? 

Yes, the OKC blokchcin has it's own token, OKT.  

What is the OKC token OKT? 

The OKT, or OKX Chain Token, is the native token of the OKC network and is also the primary resource that fuels all transactions within the blockchain.

The tokens in the genesis block are all allocated to OKB holdings permanently. All users from within the network can access and transfer these tokens.

As a carrier of value for different applications of Decentralized Exchanges (DEX) and Decentralized Finance (DeFi) platforms, the token has immense utility on a global scale and will help drive Uniswap-style DEXs as well as decentralized lending markets, among many other solutions.

Other chains to explore