Key Takeaways
- Upbit, a number one South Korean crypto alternate, plans to launch an Ethereum Layer 2 community.
- The brand new Layer 2 will use the OP Stack framework, primarily based on Optimism’s open-source know-how.
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Upbit introduced plans to launch an Ethereum Layer 2 community utilizing OP Stack know-how, based on documentation launched at this time.
The South Korean crypto alternate will deploy the scaling answer constructed on Optimism’s open-source OP Stack framework. The Layer 2 community goals to cut back transaction prices and enhance processing speeds for customers whereas sustaining compatibility with the Ethereum mainnet.
OP Stack offers the underlying infrastructure that powers Optimism’s Layer 2 answer and permits different initiatives to construct their very own customized blockchain networks. The know-how makes use of optimistic rollups to bundle transactions off the principle Ethereum chain earlier than settling them on the bottom layer.
Upbit operates as one in all South Korea’s largest digital asset buying and selling platforms. The alternate has not disclosed a timeline for the Layer 2 community’s launch or particular technical specs for the implementation.
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