Myna Wallet and Shizuoka Financial Group Begin Ethereum Layer-2 Digital Currency Study

The partnership explores issuing a digital currency using Base, an Ethereum Layer-2 network, aiming to assess potential financial applications.

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Summary

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Terms & Concepts
  • Ethereum Layer-2: A secondary network built on Ethereum to process transactions faster and more cheaply than the main blockchain.
  • Base: An Ethereum Layer-2 platform developed to improve scalability and reduce transaction costs for decentralized applications.
  • Digital currency: An electronic form of money issued and managed using blockchain or other digital systems.