OKX CEO Predicts On-Chain Self-Custody as Future of Finance

Speaking at Token 2049, OKX founder said Layer 2 networks can process over 10,000 transactions per second with security on par with banks.

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Terms & Concepts
  • On-Chain Self-Custody: The practice of individuals holding and managing their cryptocurrency directly on the blockchain without relying on third-party custodians.
  • Layer 2 Networks: Secondary frameworks built on top of a blockchain to improve scalability and transaction throughput, often processing thousands of transactions per second.
  • Institutional Custody: A service where regulated financial institutions hold and secure assets on behalf of their clients.