6 hours ago
Dunamu, the genitor institution of fashionable South Korean cryptocurrency speech Upbit, has unveiled its ain Web3 infrastructure marque GIWA astatine the Upbit Developer Conference (UDC) successful Seoul.
The Seoul-based institution GIWA is designed to marque blockchain exertion much accessible to developers and users successful Korea and abroad.
GIWA, abbreviated for "Global Infrastructure for Web3 Access,” includes the GIWA Chain, a layer-2 blockchain built connected Optimistic Rollup technology, and GIWA Wallet, a mobile app that supports integer plus retention and transfers crossed respective chains including Ethereum, Base, Arbitrum, Avalanche, and Polygon arsenic good arsenic its ain GIWA Chain.
Dunamu drew parallels betwixt the blockchain and Korea’s accepted extortion tiles, known arsenic “giwa,” which furniture to signifier durable structures. Similarly, GIWA Chain is intended to stack information securely portion enabling astute contract-based applications, the institution said. GIWA Chain, it added, is presently disposable successful testnet.
The GIWA Wallet, meanwhile, is disposable for demo usage during the league and volition grow blockchain enactment successful the future. The authoritative motorboat day of the wallet, Dunamu added, hasn’t yet been determined.
Dunamu framed GIWA arsenic a effect to the planetary dominance of U.S. and Singapore-based blockchain ecosystems. By offering section infrastructure, it hopes to gully much Korean developers into Web3.
Rumors surrounding the motorboat of GIWA began circulating earlier, aft trademark applications from the steadfast were spotted online. A website for GIWA has since gone online.
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