• Keone Hon is the CEO and Co-founder of Monad Labs, a team supporting the high-performance Monad blockchain.
• In an exclusive interview with cryptonews.com, Hon discussed the relationship between HFT and crypto trading, security on the Monad blockchain, and scaling blockchain tech at the L1 level.
• He previously spent eight years at Jump Trading, leading an HFT team before joining its crypto division in 2021.
Keone Hon: A Brief Introduction
Keone Hon is the CEO and Co-founder of Monad Labs, a team supporting the high-performance Monad blockchain. Before founding Monad, he spent eight years at Jump Trading, leading an HFT team. In 2021, he 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, Hon discussed the relationship between High Frequency Trading (HFT) and crypto trading. He stressed that understanding market dynamics in both traditional finance and cryptocurrency markets is key to successful trading strategies for both retail traders as well as professional ones such as his own company’s team at JUMP Trading.
Security On The Monad Blockchain
Hon also talked about security on the Monad blockchain – specifically how their approach ensures that user funds remain secure even when trading large volumes or taking advantage of automated systems like bots or algorithmic traders typically used by HFT firms like JUMP Trading. He emphasized that security is paramount when it comes to any kind of financial transaction or asset management platform – especially those involving digital assets like cryptocurrencies or tokens issued on blockchains such as Ethereum or EOSIO networks.
L1s Vs L2s
Hon compared Level 1 (L1) scalability solutions versus Level 2 (L2) ones – advocating for more focus on L1 solutions due to their greater potential for scalability within existing blockchains while still being secure enough to ensure safety of user funds over time despite increased network usage from HFT type services or applications . Additionally he mentioned that mobile apps can be improved dramatically if they are built using L1 technologies instead of relying solely upon centralized services which can be slow or unreliable depending upon network conditions outside of one’s control (such as internet speeds).
Scaling Blockchain Tech At The L1 Level
Finally he touched upon scaling blockchain technology at the Level 1 level – noting how this could lead to improved performance across many different decentralized applications which require faster transaction times than what current consensus algorithms like Proof-of-Work allow for out-of-the box without modifications such as sharding protocols or other optimizations being put into place first before they become viable solutions for widespread adoption amongst enterprise clients who need quicker confirmation times for their transactions compared to what existing public blockchains currently offer them today .