OKB
OKB
Crypto
Utility
USD 45.24-0.03%
OKB
UMushroom community rating:
About
Utility
Categoryn/a
Consensus MechanismL2
L1/L2n/a
Sub-cateegoryethereum
Ecosystem2019
Year of creation
Description
OKB (OKB) is a Utility crypto token. OKB was founded on 2019-04-30 on the ETHEREUM ecosystem. More information can be found at https://www.okx.com/.
Key Technical Advantages:
Cosmos-Based Ethereum Sidechain: OKB Chain (OKBC) is a Cosmos-based Ethereum sidechain, providing a highly scalable, low-fee solution for developers. It supports both Cosmos and EVM (Ethereum Virtual Machine) compatible smart contracts and protocols, with fast-finality achieved through Tendermint Core BFT consensus. Proof of Authority (PoA) Consensus Mechanism: OKBC uses PoA as its consensus mechanism, where approved validators validate transactions and blocks. PoA provides defense against 51% attacks, improves efficiency, and allows for more transactions per second with fewer computational resources compared to traditional consensus mechanisms. Compatibility and Ease of Development: OKBC is 100% compatible with Ethereum, allowing developers to easily build decentralized applications (dApps) using familiar tools such as Truffle and Remix. It also connects with the Ethereum Go‘rli Testnet as its ParentChain, simplifying the development and deployment process. Wallet Support and Interactions: OKBC can be accessed through Ethereum-based wallets like OKX Wallet or MetaMask, as it runs on EVM. For Cosmos ecosystem usage, Keplr Wallet is recommended. This compatibility allows users to seamlessly interact with OKBC using their preferred wallets. OKB Token Economy: OKB is the native token for OKBC, with a total supply of 300 million. The token is used to pay for transaction fees and is awarded to validators as a reward for processing transactions. Additionally, OKB tokens can be used in various applications and use cases within the OKB Chain ecosystem. Content summarized by AI chatbotSource:
Key figures
-16.8%1Y
42.7%3Y
1,722%5Y
Performance
47/ 441D
63/ 421M
72/ 311Y
Highs/ Lows
14.03.2024
USD 72.38
All Time High
62.50%
% of All Time High
-57.13%All Time
-57.13%1 year
Max drawdown
#49
Ranking by Market Cap
2,762.95 M
Market cap (USD)
0.00%
% of Market
119.659 B
Category Market Cap (USD)
2.31%
% of Category
300000000
Circulating Supply
60000000
Liquid Supply
20.00%
Liquid/ Circulating Supply
N/A
Not Available Currently
Max Supply
N/A
Not Available Currently
Circulating/ Max Supply
5996903
Volume Traded
0.34%
Volume Traded/ Market Cap
Ratings & reviews
Performance:
0.00
Innovation:
0.00
Society:
0.00
Nature:
0.00
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