OkEx, one of the world’s largest cryptocurrency exchanges has added to its ecosystem this week, with numerous security partnerships that look to secure their network for its users who hold their native token and wish to use the company’s services.
Jay Hao, company CEO outlined the news on Twitter last night. The tweet from Hao said:
”So much to announce for $OKB this week! Other than the upcoming launch of #OKChain, we’ve just added numerous use cases for the
@OKEx native token. I’ll announce the first 3 here today, more to come this week!
What OkEx are offering i the chance for their users to buy security additions through their native token OKB. So who have the company partnered with and what do they offer?
Slowmist is a company for cybersecurity and they have a project with OkEx called the “Security Vulnerability and Threat Intelligence Bounty Program,”. This gives warnings and other important notifications to its users about possible security breaches. With team members coming from Google, Microsoft, W3C, as well as the Ministry of Public Security in China, Slowmist clearly has a reputable background and is an important addition to the OkEx ecology.
Beosin is another company that OkEx is working with. They are a blockchain based security company and have worked with over 1,000 blockchain projects. With a firm commitment to the technology behind cryptocurrencies, OkEx has made yet another great partnership.
The third and final partnership is with Certik. They are the creator of the world’s first hacker-resistant system. After conducting more than 200 audits, and safekeeping up to $6.23 billion, their safety is clear.
Users are always the victims of security breaches, with countless hacks and other illegal activities hitting people hard. Even exchanges get hit too, just look at Binance who have been hacked twice this year and their users whose personal details were leaked.
OkChain is coming soon
Also in the tweet by Hao was OkEx’s OkChain release. The CEO said that the testnet and launch is coming soon. According to the white paper, OkChain, “is a new blockchain network that fully supports state sharding and fast consensus.
“In OKChain, the entire network is divided into multiple shards, each shard maintains an independent ledger, and can handle conflict-free transactions in parallel; a fast consensus algorithm based on threshold signature is used in a shard, achieving efficient block production without forking.”
Lots of commentators and users in the industry are excited to see what OkChain will bring, can they compete with Binance’s own version? With its previous track record, there is no reason to suggest that OkEx can’t. They are celebrating their second birthday on October 31st and have come a long way.
