Main to remember
- Upbit, one of the main exchanges of South Korean crypto, plans to launch an Ethereum Layer 2 network.
- The new layer 2 will use the OP Stack framework, based on open source of optimism technology.
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Upbit announced its intention to launch an Ethereum Layer 2 network using OP Stack technology, according to the documentation published today.
The exchange of South Korean crypto will deploy the scaling solution built on the OP OPN OPEN framework. The layer 2 network aims to reduce transaction costs and increase treatment speeds for users while maintaining compatibility with Mainthet Ethereum.
OP Stack provides the underlying infrastructure that feeds layer 2 solution for optimism and allows other projects to create their own personalized blockchain networks. Technology uses optimistic rollers to bring together transactions from the main Ethereum chain before adjusting them to the base layer.
Upbit works as one of the largest digital active ingredient trading platforms in South Korea. The exchange has not disclosed a calendar for the launch of the layer 2 network or specific technical specifications for implementation.
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