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- Giwa aims to enhance Web3 with faster transactions and better accessibility.
- Built on Optimism’s OP Stack, Giwa promises lightning-fast blockchain performance.
- Dunamu prepares Giwa Wallet to simplify user experience and adoption.
Dunamu, the parent company behind the popular crypto exchange Upbit, has introduced its new Ethereum Layer 2 blockchain, Giwa. This new blockchain network will seek to enhance the accessibility and performance of Web3 and provide a faster and more efficient option. The name “Giwa” holds two meanings. It means Global Infrastructure to Web3 Access, and can also be understood as conventional Korean clay roof tiles. This twofold connotation underscores the cultural heritage of the project and its goal of making blockchain easy to use for everyone around the world.
Giwa is based on the Optimism OP Stack, and it is set to offer a tremendous block time of only one second. This means that it has high transaction speeds compared to the Ethereum mainnet. Furthermore, the code of Giwa is written in Solidity, the programming language that Ethereum uses. This compatibility has ensured that developers can easily switch and work with the same tools that they are familiar with, and hence, it is an appealing platform to the developers.
At the point of the testnet, Giwa is soon set to release its mainnet. Dunamu will launch Giwa Wallet with this launch, a native wallet system that fits the new blockchain. This wallet will also ease user interactions and aid in the adoption and use of the Giwa network.
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Giwa’s Impact on Web3 and South Korea’s Financial Future
At the 2025 Upbit D Conference (UDC), CEO Oh Kyung-seok provided additional details about Giwa’s prospects. He underlined the use of blockchain in helping South Korea in financial services. Giwa will be instrumental in promoting a local currency stablecoin, in keeping with South Korea’s bid to establish a regulatory framework around stablecoins. The purpose of this initiative is to strengthen the country’s currency sovereignty.
Since Upbit is among the largest centralized crypto exchanges in the world, Dunamu’s move to blockchain technology is indicative of a change. Giwa is a low-cost, scalable blockchain platform that can be used by Web3 developers and the financial field. With the continued development of Giwa, it will be a formidable player within the ever-changing blockchain sector, offering quicker and easier solutions to users and developers alike.
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