Reddit tokens will be integrated into the Ethereum blockchain

Reddit has decided to migrate user tokens to the Ethereum mainnet using Arbitrum's solution.Thanks to this, users will be able to use their tokens without loading the Ethereum network and without experiencing problems with network throughput.

“You will soon notice the high speed of transactions. Plus, Moons / Bricks tokens will be credited automatically, you no longer need to receive them yourself "- writes Reddit.

Last year Reddit launched Community Points -these are tokens operating inside the Ethereum testnet. In total, 2 tokens were issued - Moons and Bricks - for forum members / r / Cryptocurrency and / r / FortniteBR, respectively. These tokens are awarded to users for publishing various content.

Soon, Reddit asked its users to suggest an option for developing this initiative and decided to use Arbitrum.

Arbitrum is a second tier solution forscaling the Ethereum network. Its key advantage is complete decentralization, thanks to which users fully own their assets.

At the same time, Arbitrum allows you to achieve highbandwidth, which the main Ethereum network lacks due to the peculiarities of the Proof-of-Work consensus algorithm. And with Reddit's 1.7 billion monthly user base, bandwidth is a big deal.

Reddit also highlighted convenience for developers among the advantages of Arbitrum. This second-layer solution supports the same Solidity-based smart contracts as Ethereum.

Where is it more profitable to buy bitcoin? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

#	Exchange:	Website:	Rating:
1	Binance (Editor's Choice)	https://binance.com	9.7
2	Bybit	https://bybit.com	7.5
3	OKEx	https://okex.com	7.1
4	Exmo	https://exmo.me	6.9
5	Huobi	https://huobi.com	6.5

The criteria by which the rating is set in our rating of crypto-exchanges:

• Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
• Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
• Feedback and support– we analyze user reviews and the quality of technical support.
• Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
• Platform Features– availability of additional features — futures, options, staking, etc.
• final grade– the average number of points for all indicators determines the place in the ranking.

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