High Frequency Crypto Trading: Exploring L1s, L2s, and Security

• Keone Hon, CEO and Co-founder of Monad Labs, recently spoke with cryptonews.com about high frequency crypto trading, L1s, L2s, and security on the Monad blockchain.
• He has extensive background in HFT trading at Jump Trading and is now leading a team of engineers focused on blockchain research and decentralized app development.
• In the interview he discussed the relationship between HFT and crypto trading, security on the Monad blockchain, scaling blockchain tech at the L1 level, and more.

Keone Hon’s Background

Keone Hon is the CEO and Co-founder of Monad Labs, the team supporting the high-performance Monad blockchain. He is a software developer and blockchain researcher. Before founding Monad, he spent eight years at Jump Trading, leading an HFT team. In 2021, Keone joined Jump’s crypto division and led a team of engineers focused on blockchain research and dApp development.

High Frequency Crypto Trading

In an exclusive interview with cryptonews.com, Keone Hon spoke about the relationship between HFT and crypto trading; how security can be improved on the Monad blockchain; what are pros & cons of using Level 1 (L1) versus Level 2 (L2); how to scale blockchain technology at Level 1; as well as better mobile apps for users.

Relationship Between HFT & Crypto Trading

Hon believes that High Frequency Trading (HFT) algorithms will soon become commonplace in cryptocurrency markets due to their ability to exploit inefficiencies quickly by automatically executing trades based on market conditions or pre-determined strategies. He explained that this can provide a number of advantages for both professional traders as well as retail investors such as increased liquidity which leads to more competitive prices for assets in these markets compared to traditional exchanges where such services are not available or limited due to regulatory restrictions.

Security On The Monad Blockchain

Hon also spoke about security issues related to using cryptocurrencies such as those related to storing private keys securely or avoiding double spends when making transactions with digital tokens which can lead to financial losses if not properly addressed by developers building tools for these markets. He said that one way his team has tried to mitigate these risks is by developing sophisticated cryptographic primitives within their platform which allows them to detect suspicious activity before it occurs so they can take action accordingly without compromising user privacy or data integrity while also providing robust protection against malicious actors attempting fraud or theft from accounts associated with their network like other blockchains have experienced in recent years due to lack of proper safeguards being implemented during early stages development phase before going live publicly .

Focus On L1s & Scaling Blockchain Tech At The L1 Level

When discussing scalability solutions for blockchains like Bitcoin or Ethereum which are currently limited in terms of transaction throughput due largely because each node must validate every single transaction across its network before it’s considered valid by consensus rules hon said his team advocates focusing primarily on Layer 1 (L1) scaling solutions rather than relying solely upon second layer networks like Lightning Network which introduces additional complexities into an already complex system such us fees , routing problems etc … Additionally he noted that although there have been some improvements made when it comes creating better mobile apps interfaces users interact directly with blockchains but there’s still much work left do make them easier use especially when compared traditional banking services most people used today .