BlackRock to Launch L2 Network Compatible With Ethereum?
BlackRock is reportedly interested in launching a native L2 network compatible with Ethereum. The asset management firm has already delved into multiple top cryptocurrencies over the past year, primarily Bitcoin and Ethereum. Now, the firm aims to expand tokenization, setting expectations for launching a native L2 network. BlackRock has used Ethereum’s chain and has not discussed other potential L1 solutions. However, the company could produce a private L2 chain at any moment, but it would not be natively connected to other assets. The success of BlackRock’s ETFs this year are very likely catalyst for the firm to create a Layer-2 blockchain network. However, with developing an L2, there will be some hurdles. Also Read: BlackRock’s Bitcoin ETF Trading Volume Hits $1.55B in First Hour How difficult would it be for BlackRock to launch an L2 Network? MANHATTAN, NEW YORK, UNITED STATES – 2021/05/25: BlackRock offices in New York City. Founded in 1988, BlackRock, Inc. is an US mul...