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Key Takeaways
- Upbit, a number one South Korean crypto trade, 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 know-how.
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Upbit introduced plans to launch an Ethereum Layer 2 community utilizing OP Stack know-how, in response to documentation launched at the moment.
The South Korean crypto trade 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 offers the underlying infrastructure that powers Optimism’s Layer 2 resolution and allows 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 every of South Korea’s largest digital asset buying and selling platforms. The trade has not disclosed a timeline for the Layer 2 community’s launch or particular technical specs for the implementation.
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