.@OKEx is leading the way in Ethereum Layer 2 adoption by being the first major cryptocurrency exchange to enable direct deposits & withdrawals to an Ethererum Layer 2 protocol @Arbitrum 🔥

okex.com/support/hc/en-…
We understand the importance of Layer 2 solutions' scalability in the Ethereum ecosystem.
blockdreamfund.medium.com/layer-2-leadin…
As a market-leading Optimistic Rollup built to scale Ethereum by @OffchainLabs, Arbitrum enables high-throughput, low cost smart contracts, and security.
developer.offchainlabs.com/docs/inside_ar…
Thanks to the upcoming seamless integration with Arbitrum, OKEx will allow users to deposit directly onto the Arbitrum mainnet without having to interact with the base layer of Ethereum.
This will reduce friction for our users while also relieving congestion in the Ethereum ecosystem and accelerating Ethereum’s rollup-focused development plans.
While the @Arbitrum team finalizes its mainnet release date, @OKEx is undertaking the due diligence to work through how quickly the integration can be implemented.

We hope to release more information about this collaboration shortly.

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More from @JayHao8

30 Apr
Does the competition among blockchain layer 1 protocols create nothing but an involution?

A quick 🧵
1) Clifford Geertz used the concept of involution to explain a situation in which the crafts of a society stuck with the same fundamental patterns become more intricate over time.

The term, "neijuan" in Chinese, has become a buzzword in China.
sixthtone.com/news/1006391/h…
2) In modern times, involution is used to describe the quality of having no value or significance amid the competitive circumstances in business, professional or technological settings.

It is intuitively understood as something that spirals in on itself & traps the participants.
Read 11 tweets

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