Overview
- Dunamu and the Optimism Foundation agreed to a non-binding plan to deploy GIWA Chain on the OP Stack under OP Enterprise’s Self-Managed tier, with Upbit operating the primary sequencer and Optimism supplying monitoring and a backup.
- GIWA is live on testnet with nearly 100 million transactions processed, and the team says mainnet is expected soon without a confirmed launch date.
- The network targets one-second block times and full Ethereum Virtual Machine support, allowing most Ethereum apps to migrate with minimal changes.
- Sequencer control lets Upbit set transaction order and collect fees, which supports compliance reporting and lower latency for its 13 million registered users.
- Dunamu is extending GIWA into real financial use, partnering with Hana Financial Group and POSCO International to advance a blockchain remittance system from pilot testing to live cross-border payments.