South Korean fintech company Toss is reportedly considering a native cryptocurrency launch

Toss is reportedly weighing both Layer-1 and Layer-2 blockchain options, with any final decision linked to how South Korea’s Digital Asset Basic Act develops.

Summary

Toss is reportedly considering building its own blockchain network and issuing a native cryptocurrency. The South Korean payments and banking company is said to be evaluating both Layer-1 and Layer-2 approaches. According to the report, a final decision has not been made and will depend on progress surrounding South Korea’s Digital Asset Basic Act.

Terms & Concepts
  • Native cryptocurrency: A blockchain-based digital asset issued by a project or platform for use within its own ecosystem.
  • Layer-1: A base blockchain network that processes and settles transactions on its own main protocol, such as its core chain infrastructure.
  • Layer-2: A network or protocol built on top of a base blockchain to improve scalability or efficiency while relying on the underlying chain.