PANews May 4 news, the crypto exchange Upbit (operated by Dunamu) today announced a partnership with the Optimism Foundation to jointly promote its next-generation Ethereum Layer 2 network GIWA Chain. GIWA Chain is built on the OP Stack and has currently launched its testnet, with plans for the mainnet to be launched later. This chain will become the first practical project at the Self-Managed level within OP Enterprise, marking a further extension of the Optimism ecosystem in the direction of "institutional-level chain infrastructure."

According to the design, the Self-Managed model allows Upbit to autonomously operate the sequencer and hold control over chain-level configurations, while receiving security monitoring and backup support from the Optimism Foundation, achieving a balance between "sovereign control" and "infrastructure reliability."

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