Robinhood launched the public mainnet for Robinhood Chain on July 2nd. The network is an Arbitrum-based L2 designed for tokenized stocks and DeFi.
Refer to the official tweet by ARB:
LATEST: âš¡ï¸ Robinhood has launched the public mainnet for Robinhood Chain, an Arbitrum-based L2 for tokenized stocks and DeFi.
ARB Info
Arbitrum is a layer 2 scaling solution designed for the Ethereum network. Its goal is to increase the scalability of Ethereum while preserving its decentralization and security.
Arbitrum operates by batching many transactions together off-chain and then submitting a single, combined proof of all these transactions to the Ethereum base layer. This greatly reduces the amount of computation and storage that the Ethereum network has to handle, allowing it to support a much higher throughput of transactions.