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Robinhood Just Launched a New Blockchain. Here's Why Investors Should Care

From fool.com

On July 1, Robinhood Marketslaunched the Robinhood Chain, a Layer-2 (L2) network of Ethereum that allows its 28 million users to trade tokenized shares of U.S. stocks on a 24/7 basis in more than 120 countries. Robinhood calls the network "AI-native," meaning autonomous software agents are a key user group. Here's why that's a very interesting development given the state of play in the crypto sector right now. Robinhood's chain settles to Ethereum, but it's built on technology from Arbitrum ( ARB +1.92% ). Borrowing Arbitrum's tech spared Robinhood the work of building an entire product stack from zero, and it will ... (full story)

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  • Category: Fundamental Analysis