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Academy Press Room Article

OKExChain Testnet Update, Spot Leverage Trading and OpenDEX-Desktop Go Live

2020.07.10 OKEx Public Relations

Malta, July 10, 2020 The OKChain testnet, the commercial public chain developed by OKEx (www.okex.com), a world-leading cryptocurrency spot and derivatives exchange, has recently updated to v0.10.9. At the same time, the OpenDEX-Desktop and UI have gone open-source while the spot leverage trading function has reached 100% completion and OKChainSWAP’s model design has also been completed.

In addition, according to OKChain’s latest Monthly Report — June 2020, the OKChain-Wasm single-node testnet — running on the WebAssembly, or Wasm, virtual machine — completed deployment of a single-node network. The CosmWasm-simulate was also completed, a tool developed for Cosmos’ Wasm-based smart contracting platform, CosmWasm.

“As one of the most important infrastructures in the blockchain world, the development of OKChain has been advancing steadily,” said Jay Hao, CEO of OKEx, continuing:

“With more and more code going open-source, we are happy to see many excellent nodes and developers join the OKChain ecosystem, adding vitality to blockchain technology and OKChain. Recently, the stability test was completed. OKEx will continue to collaborate with the global community to roll out the OKChain mainnet soon.”

One of the most eye-catching updates for OKChain is the spot leverage trading function. As of now, the demo version has been live and the unit test coverage rate (an indicator to measure the adequacy of the test) is higher than 95%.

Additionally, OpenDEX-Desktop, the first desktop program of OKChain, is open-source and has released Version 0.0.1. Users now can experience the transaction and wallet functions provided by the okex.com, and issue tokens and trading pairs on the testnet via their desktop.

Besides, the OKChain-Wasm single-node testnet has completed mirror compilation, deployment and the test of a single-node network. At the same time, the development of the CosmWasm-simulate tool has been completed and has been uploaded to the CosmWasm community.

With the open-source code and continuous improvement of functions, more and more applications are on the way. During the Hackathon campaign, as of June 30, 23 teams and two independent developers have participated and 16 entries have been received.

According to on-chain data, the block height on OKChain is 7,410,206 (as of June). 10,974,688 transactions have been processed and each block contains 10–20 transactions, showing a high degree of stability.

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About OKEx

A world-leading cryptocurrency spot and derivatives exchange, OKEx offers the most diverse marketplace where global crypto traders, miners and institutional investors come to manage crypto assets, enhance investment opportunities and hedge risks. We provide spot and derivatives trading — including futures, perpetual swap and options — of major cryptocurrencies, offering investors flexibility in formulating their strategies to maximize gains and mitigate risks.

Media contact

Vivien Choi

Email: [email protected]

Telegram: @vivienchoi

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Telegram group (Russian): https://t.me/okexofficial_ru


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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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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