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Upbit flags IOST for caution ahead of layer-2 transition

Upbit has issued a warning regarding IOST as it prepares for a layer-2 transition. The initiative will introduce approximately 21 billion new tokens, fundamentally altering the token’s structure and possibly affecting market stability. This comes after guidance from the Digital Asset eXchange Alliance (DAXA) to protect investors.

The development team of IOST plans to bridge its current layer-1 network with a new layer-2 blockchain to enhance operational efficiency and reduce transaction costs. Upbit emphasizes vigilance among traders following updates from IOST’s team about the upcoming structural changes.

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