South Korean fintech platform Toss is exploring the development of its own blockchain network and native cryptocurrency. The company is evaluating options to build either a Layer 1 mainnet or a Layer 2 scaling network. According to sources, the project is still in the assessment phase, with no decision yet on whether to pursue a Layer 1 or Layer 2 solution. The decision-making process is influenced by delays in the legislative progress of South Korea's Basic Act on Digital Assets.
Toss Considers Developing Proprietary Blockchain and Cryptocurrency
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