Robinhood explains building an Ethereum layer-2: 'We wanted the security from Ethereum'
Robinhood has announced its development of an Ethereum layer-2 solution, emphasizing the importance of security derived from the Ethereum network. The company aims to enhance transaction efficiency and reduce costs for its users while maintaining the robust security features of Ethereum. This move aligns with Robinhood's broader strategy to expand its cryptocurrency offerings and improve user experience. The layer-2 solution is expected to facilitate faster transactions and scalability, addressing some of the limitations currently faced on the Ethereum mainnet.
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