Dunamu to Hold Upbit Developer Conference in Busan on the 22nd

[Asia Economy Reporter Lee Jung-yoon] Dunamu, the operator of the domestic cryptocurrency exchange Upbit, announced on the 5th that the 'Upbit Developer Conference (UDC)' will be held at the Busan Port International Exhibition & Convention Center (BPEX) from the 22nd to the 23rd. This year, about 50 domestic and international speakers will take the stage, and the number of participants is expected to reach around 3,000.

Now in its fifth year, UDC was established to contribute to the domestic blockchain ecosystem. Through UDC, Dunamu shares blockchain concepts, technologies, and real-world case studies with the general public and developers. Panel discussions, networking parties, and on-site exhibitions are also held, and the event is regarded as growing into a global developer festival similar to Google I/O (Input·Output).

Dunamu also held UDC online in 2020 and 2021 after the COVID-19 outbreak to promote blockchain popularization.

This year's event, held offline for the first time in three years, is themed "Imagine your Blockchain life," envisioning a world where blockchain becomes part of everyday life.

Starting with Chairman Song's welcome speech, this year's UDC will feature attendees such as Sebastian Borget, Chief Operating Officer and Co-founder of The Sandbox; Marvin Jansen, Tech Lead of the Stacks Foundation; Shiti Rastogi, Chief Marketing Officer of Mangani Steffen; Mel McCann, Head of Development at the Cardano Foundation; Justin Sun, Founder of TRON; and Donghao Huang, Vice President of R&D at Mastercard.

The sessions to watch most closely at this event include ▲Smart Contracts ▲Layer 2 ▲Interchain Bridges.

Smart contracts are digital contracts programmed based on blockchain technology that automatically execute when contract conditions are met. Contracts that were traditionally written on paper are implemented in code, and when specific conditions are fulfilled, the contract is executed. This technology is expected to enable contracts in various digital agreements such as financial transactions and real estate deals without intermediaries.

Layer 2 blockchains address the scalability issues of Layer 1 blockchains, represented by Bitcoin and Ethereum, and increase speed. As the number of users of Layer 1 blockchains surged, problems such as slower processing speeds and higher fees arose. Adding Layer 2 distributes transaction processing, enabling faster and safer digital asset transactions.

Interchain bridges enhance interoperability between different blockchain platforms. Using this, fragmented blockchain mainnets can be connected with various other mainnets.

[Photo by Dunamu]

Meanwhile, events for the general public interested in blockchain were also held. On the 17th of last month, Dunamu held a free technical talk concert on its metaverse platform SecondBlock, attended by 843 people. On the 31st of last month, 145 developers gathered for the empathy mentoring program "Banggu-seok Talk" for prospective developers, sharing opinions on expanding the blockchain ecosystem.

During the event period, Dunamu will operate special programs including on-site exhibitions and a Non-Fungible Token (NFT) gallery. At the on-site exhibition, visitors can experience the latest technologies and services from domestic and international blockchain companies. The NFT gallery will showcase works by 15 artists, including the versatile creator Gu Jun-yeop.

This content was produced with the assistance of AI translation services.