The Bitcoin Asia Summit has been launched in Hong Kong. The Bitcoin Developer Conference Bitcoin DevCon was held at the Hong Kong Science Park from the 7th to the 8th, and the main summit was held at the Kai Tak Cruise Terminal in Hong Kong from the 9th to the 10th. The summit invited Bitcoin ecosystem developers, capital, and mainstream players such as Casey Rodarmor, founder of Ordinals and Runes, Elizabeth Stark, founder and CEO of Lightning Labs, and Han Tongli, CEO of Harvest International. It is understood that the number of participants in this conference exceeded 10,000, and the scene was crowded and lively.

Bitcoin Devcon Highlights

On May 7, Bitcoin Devcon officially kicked off at the Hong Kong Science Park. Tyler, CIO of UTXO, Jack Kong, founder of Nano Labs and consultant of SatoshiLab, and Wu Jiezhuang, member of the National Committee of the Chinese People's Political Consultative Conference and member of the Legislative Council of Hong Kong, gave opening speeches. Representatives of 7 well-known Bitcoin Layer 2 projects delivered speeches, including BEVM, Botanix, Merlin Chain, CKB, AINN Layer2, Bob and Bitlayer. The three roundtable meetings on the day brought the event to a climax, discussing topics such as the difficulties and challenges of building a Bitcoin ecosystem, new opportunities brought by Layer 2 technology, and institutional investment strategies.

For details, please refer to: "Bitcoin Devcon First Day Highlight Review: Global Developers Build the Future of Bitcoin"

On May 8, the Bitcoin Devcon conference came to a successful conclusion. After the heated discussions and exchanges on the previous day, the agenda for the second day was even more exciting, including guest keynote speeches, roundtable forums with big names, and the display of innovative ecological projects. We look forward to Bitcoin's continuous innovation and breakthroughs in future development, bringing more surprises and possibilities to the global digital currency field. This conference attracted many developers, engineers, researchers, artists and investors in the field of Bitcoin. They jointly made suggestions for the future development trend of Bitcoin and injected new vitality into the global Bitcoin ecosystem.

For more details, please refer to: 《Bitcoin Devcon Closing Day Highlights Review: Tribute to Innovators in the Bitcoin Field》

Conference News

In just one year, many important things have happened to Bitcoin, including the rise of the Ordinals protocol, the approval of the Bitcoin spot ETF, the warming Bitcoin ecosystem, and the fourth Bitcoin halving... Compared with last year, this year's Bitcoin ecosystem gathering is obviously more lively. During these four days, BlockBeats reporters have been attending the conference continuously, and shared their personal experiences and news in the article.

There were also many VC capitals participating in this Hong Kong conference, including some participants from traditional VCs and family offices, who are also extremely concerned about the investment opportunities in the blockchain industry, especially Bitcoin.

At the main venue of the Bitcoin Asia Conference, the first thing that caught my eye when I entered the Bitcoin Asia booth was the booth of Unisat and its invested projects.

In addition, the most common booths were those of Bitcoin Layer 2 projects. Many friends who attended the conference felt that there were really many Bitcoin Layer 2 projects. The current status of the Bitcoin ecosystem is that there are many Layer 2 chains and few applications, which is somewhat opposite to the current status of the Ethereum ecosystem.

At the Bitcoin Devcon conference on May 8, Justin, the founder of the Zeus network, shared his idea of ​​Solana as the second layer network (L2) of Bitcoin in his speech. He criticized some projects for using Bitcoin only as "gas", believing that doing so did not fully tap the true value and potential of Bitcoin.

Justin said that Solana was chosen as Bitcoin's L2 because of Solana's high performance, low cost and its strong user and developer community. So he introduced in detail how the Zeus network uses the "slot" version to connect to the Bitcoin mainnet, forming a 1.5-layer solution, which not only improves the performance of Bitcoin applications, but also broadens its scalability.

Attendees' Impressions

start | web3going:

I went to the Orainals Asia conference in Hong Kong and met some projects that are deeply involved in the Bitcoin ecosystem.
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​I witnessed the growth of OrdzGames from the beginning to now, the embarrassment of HotFI's good cards but still not finding a comfortable point, and the surging financial resources of MerlinChain.
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​Although more than half of the attendees were foreigners of various skin colors, the Chinese in the Bitcoin ecosystem still have strong genes. This is enough, and I believe that Chinese projects will get better and better. The position of Chinese in Web3 will be increasingly taken seriously.
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In addition, one thing to complain about is that the food is very bad. Our studio will not go to such meetings in the future. It is better to manage the game account and build the infrastructure that should be used.
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​Start, Gogogo!!!

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xuzhihong:

At the Bitcoin Asia conference in Hong Kong, I found that Smiley wanted to build MakeDAO for the Bitcoin ecosystem. It was interesting.

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Conference related information

Hong Kong Legislative Council Member Wu Jiezhuang: Asia’s first virtual currency spot ETF launched in Hong Kong last week is an innovation in the traditional financial market

At Bitcoin Devcon, Hong Kong Legislative Council Member Wu Jiezhuang said that Asia’s first virtual currency spot ETF launched in Hong Kong last week is an innovation in the traditional financial market. ⎦

UXUY announced the completion of $7 million Pre-A round of financing in Hong Kong

On May 9, Bitcoin Asia 2024 was unveiled. UXUY, the next-generation decentralized multi-chain trading platform incubated by Binance Labs, announced the completion of $7 million Pre-A round of financing in Hong Kong. Since its establishment, its total financing amount has exceeded $10 million. UXUY is an important builder of the Bitcoin ecosystem, and more than 100,000 traders use Bitcoin Lightning Network services through UXUY.

Nubit consultant Professor Dahlia Malkhi: Bitcoin is a platform worth more than a trillion dollars, and trying to enhance its scalability is a worthwhile cause

During the Bitcoin Asia conference, Dahlia Malkhi, a professor of computer science at the University of California, Santa Barbara, a distinguished scientist at Chainlink, and former CTO of Facebook Diem Blockchain, a top scholar in the field of blockchain consensus, and a consultant for the Nubit project, said that Bitcoin is a platform worth more than a trillion dollars, and the most important challenge for the platform is to expand and offload computing and data from the core blockchain to the off-chain. She emphasized: "In general, I hope to move a lot of actions to external blockchains, off-chain platforms, and cross-chain platforms. Therefore, there is nothing more exciting than studying the technology and conducting research in this direction, while obtaining the value that has been locked in Bitcoin, and re-acquiring value for new platforms through technology."

Nubit co-founder Professor Yu Feng: Nubit is developing a unified modular service layer to provide higher execution efficiency and data integrity

During the Bitcoin Asia conference, Nubit co-founder Yu Feng said that in order to cope with the data throughput limitations and execution layer security risks in the Bitcoin ecosystem, Nubit is developing a unified modular service layer. This service layer is designed to provide higher execution efficiency and data integrity, thereby promoting the sustainable development of the Bitcoin ecosystem. Yu Feng emphasized that through Nubit's new modular service layer, users will be able to effectively verify the status on the light client, greatly enhancing the transparency and security of the system.

Arkstream Capital partner: Bitcoin is still the world's best digital asset infrastructure, and the total market value of ecological projects is expected to exceed 100 billion US dollars

Arkstream Capital partner Ye Su said that from the perspective of the cryptocurrency field, Bitcoin is still positioned as a simple credit union and a global peer-to-peer payment system. Ye Su believes that if you want to provide different infrastructures for real-world assets, then Bitcoin is undoubtedly the best choice. He pointed out that Bitcoin is the only digital asset that truly has a broad user base and mass adoption. Ye Su predicted that the value of the entire Bitcoin ecosystem could exceed $100 billion next year. However, Ye Su also pointed out that the entire cryptocurrency infrastructure is still in a state where a project has to face many problems, such as centralized and insecure execution layers, and severely restricted data.

Bitmain announced a cooperation with CKB Ecological Fund

Bitmain PoW Ecology Head said at the meeting: Bitmain will cooperate with CKB Ecological Fund to provide exclusive Antminer Community Code to community members free of charge, making it easier for ordinary community members to buy K7 mining machines, so as to help CKB blockchain computing power more secure and decentralized.

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