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, based mostly on Optimism’s open-source expertise.
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Upbit introduced plans to launch an Ethereum Layer 2 community utilizing OP Stack expertise, in accordance with documentation launched immediately.
The South Korean crypto alternate will deploy the scaling resolution constructed on Optimism’s open-source OP Stack framework. The Layer 2 community goals to scale back transaction prices and improve processing speeds for customers whereas sustaining compatibility with the Ethereum mainnet.
OP Stack supplies the underlying infrastructure that powers Optimism’s Layer 2 resolution and allows different tasks to construct their very own customized blockchain networks. The expertise makes use of optimistic rollups to bundle transactions off the primary 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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