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Academy OKExChain Article

NetCloth Joins OKExChain Ecosystem

2020.07.23 OKEx

As we move the OKExChain TestNet 0.10 forward, OKEx is proud to welcome NetCloth to the OKExChain ecosystem!

Founded in February 2019, NetCloth is a next-generation, high-performance public chain network with a BPoS consensus mechanism. NetCloth chain assists developers and users in the creation of their own personal network by providing EVM-compatible virtual machines, an IPAL on-chain addressing protocol, and native support for meta transactions, loop transactions and other infrastructures. It also promotes the personal network to become a basic network unit and application service provider of Web 3.0. NetCloth aims to assist users in truly mastering their personal data and establish a digital economic system based on data assets.

NetCloth APP

At present, the NetCloth chain has listed the first blockchain portal application — NetCloth APP — and has launched features such as decentralized social networking, distributed application platforms, personal data safes and multi-asset wallets. It has thousands of users and covers more than 30 countries and regions. 

NetCloth APP will aggregate blockchain application scenarios through distributed application markets, aggregate communities through decentralized social networks, and aggregate blockchain payments through an account management multi-asset wallet. 

In short, NetCloth provides all-directional, multi-layered and wide-ranging support for blockchain projects.

OKExChain and NetCloth

As the underlying operating environment for smart contracts, the Ethereum Virtual Machine is the most mature virtual machine running on the blockchain. 

NetCloth team members have many years of experience in the blockchain field, have a deep understanding of blockchain infrastructures, and have sufficient professional capabilities to provide development, maintenance and protocol upgrade services for mainstream public chains. The team supports the smart contract features by adding a new EVM to OKExChain. The EVM will realize the functional expansion of OKExChain and can support developers in programing smart contracts freely without upgrading the underlying protocol of the blockchain — extending to more real-world application scenarios.

About OKExChain

OKExChain Technical Community: https://t.me/okexchaintech
OKExChain Official Web: https://okex.me/okexchain
OKEx DEX: https://okex.me/dex-test
Claiming TOKT: https://okex.me/drawdex
OKExChain Doc: https://okexchain-docs.readthedocs.io/en/latest/
OIP: https://oips.readthedocs.io/en/latest/

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Disclaimer: This material should not be taken as the basis for making investment decisions, nor be construed as a recommendation to engage in investment transactions. Trading digital assets involve significant risk and can result in the loss of your invested capital. You should ensure that you fully understand the risk involved and take into consideration your level of experience, investment objectives and seek independent financial advice if necessary.

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