Robinhood has officially announced the launch of its public testnet for a new blockchain network integrated with the Arbitrum ecosystem. Developed using the Arbitrum Orbit technology stack, this initiative is designed to offer Robinhood Wallet users faster transaction processing and significantly lower fees. By leveraging Ethereum’s Layer 2 scaling capabilities through Arbitrum, Robinhood aims to bridge the gap between traditional retail finance and the decentralized web. The testnet phase serves as a crucial testing ground for developers to build and deploy decentralized applications (dApps) within the Robinhood ecosystem before the official mainnet launch. This move underscores Robinhood’s strategy to deepen its involvement in the crypto industry and provide users with more direct access to blockchain-native services.
Source: Robinhood launches public testnet for blockchain built on Arbitrum
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