Crypto exchange CoinDCX announces industry-first Orchestration Layer Okto

Indian crypto exchange CoinDCX has introduced Okto, a new orchestration layer aimed at simplifying blockchain interactions for developers.

Okto represents a significant step in chain abstraction, providing a fully expressive platform that handles the complexities of the fragmented web3 ecosystem.

This enables developers to create web2-like user experiences with web3 functionalities more efficiently.

How does Okto benefit developers?

Okto is designed to be developer-friendly, offering simple SDKs that allow for the integration of Web3 rails, protocols, and chains in hours.

This new layer will enable developers to craft seamless single-click experiences that are reminiscent of Web2 interactions but with the advanced capabilities of Web3 technologies. 

With Okto, The company aims to reduce the barrier to entry for developers looking to enter the blockchain space and to streamline the development process.

How will Okto impact the CoinDCX ecosystem?

With the launch of Okto, CoinDCX is not just introducing new technology but is also enhancing its ecosystem.

The Okto chain, powered by the $OKTO Token, is crucial for network security and growth. It supports over 1 million users and powers more than 20 decentralized apps (dApps), including the pioneering Okto Wallet.

This wallet offers an elevated trading experience with built-in chain abstraction, aiming to streamline user interactions across multiple blockchains.

Focused on expanding the reach and capability

Looking ahead, CoinDCX plans to expand the reach and capability of Okto significantly.

Neeraj Khandelwal, Co-Founder of CoinDCX and Okto, highlighted the potential of Okto to simplify multi-chain interactions, which are crucial for engaging the next billion web3 users.

The Okto Chain is set to support a myriad of applications within the web3 space, driving forward CoinDCX's vision of making blockchain technology accessible to everyone, everywhere.

Sumit Gupta, Co-Founder of CoinDCX, emphasized the company's user-centric approach and the strategic role of Okto in their long-term vision. "At CoinDCX, our vision is to always keep users at the center of our strategy. We introduced Okto Wallet as our first step towards enabling any individual using a smartphone to participate in the decentralized economy," Gupta stated.