Xu Mingxing: From "Happy Bean" to Operating System — What Have the Past 15 Years of Blockchain Been Through?

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Abstract generation in progress

Xu Mingxing recalls that early Bitcoin was more like “Joy Beans” within the community. He once organized an event to give away “one BTC to each person.” “We can’t give them away now, but I hope we can still do so in the future.”

He stated that back then, no one could predict how blockchain would be regulated or how it would be applied. The industry has evolved from “the Bitcoin era, where the only thing you could do was the simplest task—issuing tokens on the chain” to “Ethereum turning blockchain into a programmable system (blockchain operating system).” Today, Ethereum is gradually becoming the infrastructure for Dapps, with financial-grade applications continuously being built on-chain, and the development of high-performance chains is also accelerating.

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