09.09.2025 03:26

Here's a rewritten version of the news article, incorporating various sentence structures and omitting the specified references:

Upbit's GIWA project has initiated its testnet phase, marking a crucial step towards its vision of becoming an Ethereum Layer-2 solution. The project, according to sources within the market, is engineered to achieve a remarkable 1-second block finality, promising significantly faster transaction confirmations compared to current Ethereum mainnet speeds. This testnet launch provides development teams with an invaluable opportunity to thoroughly evaluate the network's performance. The primary focus will be on verifying the reduced latency, increasing transaction throughput, and ensuring the seamless integrity of state transitions within a controlled environment.

Furthermore, alongside the Layer-2 network itself, Upbit is actively developing a GIWA Wallet. This complementary application aims to simplify user interaction and streamline transaction management within the GIWA ecosystem. The deployment strategy, as hinted by market commentary, prioritizes a phased rollout approach. This cautious approach suggests that robust security reviews and meticulous testing will precede any potential mainnet settlement.

Given these developments, individuals involved in the cryptocurrency market should exercise diligence. Any adjustments to custodial strategies or integration plans should be deferred until the official release of further information. Key indicators to watch include official communications from Upbit, the availability of independent audit reports, and the provision of formal timelines regarding the project's progression. These elements will ultimately provide a clearer picture of the GIWA project's maturity and its potential impact on the Ethereum Layer-2 landscape.