Upbit announces Ethereum Layer 2 using OP Stack
Key Takeaways
- Upbit, a number one South Korean crypto change, 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.
Upbit introduced plans to launch an Ethereum Layer 2 community utilizing OP Stack expertise, in response to documentation launched as we speak.
The South Korean crypto change will deploy the scaling answer constructed on Optimism’s open-source OP Stack framework. The Layer 2 community goals to scale 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 allows different tasks to construct their very own customized blockchain networks. The expertise 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 among South Korea’s largest digital asset buying and selling platforms. The change has not disclosed a timeline for the Layer 2 community’s launch or particular technical specs for the implementation.
