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Taken into account the volatility of the cryptocurrency market more and more investors get interested in investing in cryptocurrencies.
Since it can be confusing to choose among exchanges, in this post we will discuss some essential tips that investors should consider when choosing an exchange to trade cryptocurrencies.

๐Ÿ’ต One of the most important indicators of a successful exchange is its trading volume. A high trading volume is a sign that a lot of people use the exchange and that gives a sense of trustworthiness and credibility. However, the trading volume๐Ÿ“ˆ is not an indicator of a security ๐Ÿ”, which is the other indicator of a decent exchange platform. For a platform to have a sufficient level of security it must lack hack history and have at least 2 factor authentification to ensure basic account protection.

Another crucial indicator is the way of operation that dictates the regulations and the level of acitivities allowed. ฮฉ If you are interested in active trade you should also look into the number of cryptocurrencies traded and make sure that the ones that passed your fundamental analysis are listed on the desired exchange.

Finally, it is important to bear in mind the fee structure๐Ÿ“ƒ of the exchange in order to make reasonable decisions in terms of investments.
#blockchain #Cryptocurrency #tipsforinvesting
Bitwise - a leading provider of index and beta cryptoasset data has published a white paper, which analyses traffic data of 48 cryptocurrency exchanges for the past six months by The Block, a community of crypto enthusiasts.๐Ÿ‘ฅ It compared the number of website visits to trading volume across exchanges to find out who participated in faking trading volume๐Ÿ“ˆ, as indicated by disproportionately high volume relative to website visits. ๐Ÿ–‹
The exchanges that have the highest volume per website visit, and which are likely engaging in significant volume faking๐Ÿ—ฃ are Coineal, Fatbtc, BW, BitMax, LBank, DOBI Exchange, Bit-Z, DigiFinex, Idcm, DragonEX, ZB, CoinTiger, IDAX, Bibox, CoinBene, BitForex, Bithumb, Negocie Coins, Liquid and OKEx.๐Ÿ›Ž
On the other hand, Indodax, BX Thailand, Luno, CEX.IO, Zaif, and KuCoin seem to not appear to be faking any volume unless they are also engaging in faking traffic. ๐Ÿ‘ฝ
Ransomware is a malware that infects the target with the the purpose of getting a ransom.๐Ÿ’ฐ The primary actors are organized criminal groups and state actors, that are heavily sanctioned.๐Ÿ’ป These actors usually target medium sized institutions ๐Ÿฆ, that have either low security or sensitive data.

The data by blockchain intelligence company Chainalysis, that specialises in detecting, investigating and preventing money laundering, fraud and compliance violations, revealed that 50% ๐Ÿ“ˆ of all the ransomware had been laundered through cryptocurrency exchanges.๐Ÿ”
The group identified that certain criminal friendly exchanges like BTC-e are more likely to be used by actors, however the report has mentioned 38 different exchanges being a part of criminal activities. ๐Ÿ’ต
#ransomware #cryptocurrencyexchange
An investor that has cryptocurrency on exchanges is able to lend his coins for margin trading. The cryptocurrency is lent out to people who want to trade in margin on Bitfinex and Poloniex. ๐Ÿ’ป These exchanges have the most user friendly interface, are simple to use for margin trading and are the rare case of exchanges that offer margin trading. Bitfinex offers up to 25 crytpcurrency, that users can lend including Bitcoin, Ethereum, Litecoin Tether, DASH, NEO and EOS.
Other exchanges like CryptoLend automate the process if the user provides the exchange with API keys. ๐Ÿ”‘
Traders are said to be able to make up to 2% a day lending their coins. These high lending rates usually occur during airdrops, forks or when a high number of people want to short a cryptocurrency.
However, the usual rates are about 0.02% per day, which amounts to about 7% a year. ๐Ÿ“ˆ
#passiveincome #bitcoin #cryptocurrency #Level2Exchange
The EOS ecosystem is growing very fast at the moment and it is creating a lot of opportunities to receive an income by staking decentralized applications.๐Ÿฎ Staking is a process when a wallet is used in the network to validate transactions and awards the user with coins. What it means is that the wallet is checking transactions to confirm that everyone who sends coins is in posession of those coins and has the right to transfer them.
In order to stake on EOS, a user needs CPU and RAM computational power, that is received from owning EOS tokens. ๐Ÿ’ป Users receive rewards for staking their coins and are able to make up to 1% a day.
Since a majority of decentralized applications have their owns tokens there's a currency risk, because the users need to buy and stake these coins on their network. ๐Ÿ”‹However reputable decentralized applications have been able to sustain prices for their tokens over time. โณ
#eos #profit #Level2Exchange
Compared to EOS dApps Ethereum decentralized applications have less return on investment due to smaller number of active users, however there are other dApps like MakerDao, Augur and Golem that enable earning coins if investors support the network.๐Ÿ’ฐ Each of the dApps has a different approach. MakerDao for example allows users to act as the holders to maintain the price of the Dao Token. Golem lets its users to rent their computing power and on Augur users can stake their REP tokens to resolve disputes. Despite the low demand for these services, investors are able to earn passive income and also support the network. ๐Ÿ‘ฅ
At the moment being a holder in the MakerDao network is the most attractive opportunity, particularly because the platform uses bots that scan for arbitrage opportunities to maintain the peg of the Dai and sustain liquidations with decrease of the price of Ethereum. ๐Ÿ“‰
#Level2Exchange #dApps #Ethereum #profit
Staking coins and running masternodes has been a profitable venture for quite a lot of time. Now more than ever it is becoming easier. ๐ŸŽŒ Staking is basically a process of validating blocks of transactions according to the number of coins held.โš–๏ธ One of the leading American Exchanges Coinbase has announced that theyโ€™ll be adding custody, staking and governance support for many of their assets including Tezos and MakerDao. This owuld enable institutional and retail investors to stake their coins to start earning income right inside their Coinbase account, but Coinbase will take a percentage of the earnings.๐Ÿ’ฐ The return on staking and masternodes can get up to 10% interest per year, but thereโ€™s a currency risk. ๐Ÿ’กSince the masternodes are obliged to hold a large percentage of the total supply it makes the holdings rather illiquid. ๐Ÿ”’ #masternodes #staking #Level2Exchange
In brief, consensus mechanisms are protocols, that is sets of rules in the blockchain, that make it possible for all the nodes to agree on validity of transactions.๐Ÿ’ก Let's explore some of the consensus mechanisms set in blockchains. Proof of Work (POW) is a consensus mechanism deployed in the first ever blockchain - Bitcoin. This protocol uses computational power to validate transactions and produce new blocks to the chain.๐Ÿ”‹ The creators of blocks are called miners. They have to compete with each other to confirm transactions and receive certain fees for creating blocks.๐ŸŽ› Ten years ago, when Bitcoin just came about, the transactions required little computational power, so a simple central processing unit on a computer could easily mine blocks. However, today miners use Application-Specific Integrated Circuit, designed specifically to mine cryptocurrency or engage in mining pools or cloud mining.๐Ÿช
#blockchain #consensus #Level2Exchange #POW
Hey everyone, here is the link to try out our first build of the Beta of L2 Exchange a new version will come out on Monday, and we will be updating from time to time. Here is the link to it http://www.l2exchange.space/ ! Thank you all for following. The Beta is there just to test out the APIs and the match-making engine. It's quite a narrow exchange in terms of tokens available and design, but the purpose of it is to gain some feedback about what would traders like to see on the exchange and for us on how to provide the best experience possible. We will have a new version of the exchange release in end of August/September with way better capabilities. Please do check it out and comment about it here. https://t.me/level2chat
Although not without its challenges, the journey of blockchain adoption in the financial services industry continues to be promising. The evolution of the technology, from its initial association with Bitcoin to its current state of wide-scale industry investment and small-scale testing for various use cases, indicates that there is likely much potential for its continued impact in capital markets. ๐Ÿช
To date, there is progress in understanding many of the challenges to DLT implementation, such as the attempts by private consortiums and standard setting organizations to create networks that are interoperable and provide sufficient, scalable efficiency gains. โš–๏ธ
Regulators are actively engaging with industry to ensure innovation is not being stifled, even as they attempt to understand what sorts of new risk controls need to be considered.
#blockchain #capitalmarkets #Level2Exchange
Proof of Stake has a lot of similarities with Proof of Work consensus algorithm, but the two algorithms differ in fundamental ways. In brief, Proof of Stake is an algorithm that achieves consensus by requiring users to stake a number of their tokens in order to be considered to validate blocks of transactions, and earn rewarding fees. Its aim is provide distributed consensus for the network participants and build a secure system where its users are incentivized to validate other peoples' transactions via fees while guaranteeing that the network will not be compromised by malicious attackers and is immune to hackers.
The selection process of a validator is determined in a two steps. First, the algorithm considers the user's stake, e.g. the amount of currency the user is staking. The validators are required to own a stake in the network to use a collateral for validation, which means having a deposit of tokens int the system and locking it.
#blockchain #cryptocurrency
Delegated Proof of Stake is a variation of Proof of Stake algorithm, that seeks to achieve network consensus in a slightly more efficient way. In DPOS systems, network participants vote in the process of selection of validators (other users they trust to validate transactions), and the top tier of witnesses (who have collected the most votes) earn the right to validate transactions. Users are able to delegate their voting power to other network participants. who in their turn vote for a validator. The votes are weighed in compliance with the stakes of the voters. Validators in a DPOS consensus mechanism conduct the same actions as the miners in the Proof of Work mechanism and are responsible for validating transactions and creating blocks, thus receiving rewarding fees. Validators are always at risk of being replaced by another network participant who might earn more votes and be considered more trusted.
#blockchain #cryptocurrency #Level2Exchange
Numerous consensus mechanism have been invented and experimented over the last decade after the introduction of the Bitcoin blockchain that uses Proof of Work consensus mechanism. Newly emerging mechanisms try to combat the inefficiencies of PoW mechanism namely the energy usage needed to validate transactions.
One of those consensus mechanisms is the Proof of Elapsed Time, created by the tech giant Intel back in 2016 to provide a consensus system for permissioned distributed ledgers. It uses an innovative technology called SGX, which is essentially a set of instructions for a Computer Processing Unit used to safeguard certain code and protect sensitive data from outside attack or inspection.
PoET consensus is an optimized version of PoW that eliminated the need for the energy-intensive process. Instead it provides a randomized timer system for users. Every network participant is given a random timer object and as soon as the timer of a user expires, he gets to become the block leader and produce a new block.
โ€ผ๏ธ L2 Update News โ€ผ๏ธ

We are coming close to launching new design and advanced tech version of L2 Exchange. After months of development, Now we are on the final steps of QA testings and are planning to launch it at end of next week๐Ÿ‘‹.. Currently, we are making final fixes for the production version of the exchange as well as getting it as fast as possible! ๐Ÿš€๐Ÿš€๐Ÿš€

Thank you all for supporting L2๐Ÿ‘. We are planning and ready to show a lot of things starting from September including the launch of an IEO platform and doing IEO of L2 and other great projects. We will also share functionality of the L2 token. ๐Ÿ˜Š If you have any questions or want to know detail informations about IEO platform, listing on L2 Exchange and partnership with L2 Exchange, Feel Free to send an email to cbdo@l2x.space !๐Ÿ’ช๐Ÿ’ช We are working our best 24/7 for L2 Communites and
A new beginning for L2. ๐Ÿ™

After going through the โš’ BETA version, with a heavy emphasis on user experience we went through a few iteration for the current U!. We would like to add, that we are still happy to get feedback and will be changing the exchange accordingly.

One of the biggest problems was to make the exchange faster๐ŸŽ and add liquidity. The L2 Team managed to make it significantly faster as well as to add liquidity through liquidity sharing exchanges and providers as well as securing market makers.

We are happy to say that weโ€™ve launched the L2 exchange.๐Ÿš€ You can sign up now http://l2exchange.space/ . Weโ€™ve currently launched 2 markets (ETH/BTC and LTC/BTC), as we are combining liquidity it is important that we do not find overlay problems and that the matching engine works well with orders coming in from within the exchange. Later this month we will be adding additional cryptocurrency pairs.
In the next few months we will work on engaging the crypto masses with our exchange. As well as launch our IEO platform๐ŸŽˆ, which now exists on the portal under the L2 Labels tab in test version.

Stay tuned, there is still much more to come ๐Ÿ”. Thank you for sticking through the development phase with L2.