Upbit Introduces “Giwa”: An Ethereum Layer-2 Solution to Compete in Infrastructure Development

Upbit, a leading cryptocurrency exchange platform, has announced the launch of its own Ethereum Layer-2 solution, named “Giwa.” This move underscores Upbit’s ambition to contribute to the Ethereum network’s infrastructure development, enhance scalability, and reduce transaction costs. “Giwa” is expected to provide both developers and users with a seamless and cost-effective experience on the Ethereum network. The addition of “Giwa” to the Ethereum ecosystem is a significant development, as Upbit seeks to offer innovative solutions to meet the growing market needs. The platform aims to support a wide range of decentralized applications (dApps) and use cases through “Giwa”. The Upbit team is focused on ensuring that “Giwa” is secure, reliable, and performant, making it an attractive option for users looking for scalable solutions on Ethereum. The launch of “Giwa” is seen as a sign of Upbit’s commitment to the future of blockchain, supporting its vision of a more accessible and efficient Ethereum network.