Xu Mingxing recalls that in the early days, Bitcoin felt more like "fun beans" in the circle. He once held an event where "everyone received 1 BTC," saying, "Now I can't afford it, but I hope to be able to give it away again in the future."

He stated that back then, no one could predict how blockchain would be regulated and applied. The industry evolved from "the Bitcoin era, which could only do the simplest things—issuing tokens on the chain," to "Ethereum turning blockchain into a programmable system (blockchain operating system)." Now, Ethereum is gradually becoming the infrastructure for Dapps, with financial-grade applications continuously being built on the chain, while high-performance blockchain directions are also accelerating.

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