Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Xiao Feng: Ethereum is still the core of applications and is difficult to replace due to its first-mover advantage and continuous optimization.

Xiao Feng: Ethereum is still the core of applications and is difficult to replace due to its first-mover advantage and continuous optimization.

CointimeCointime2025/10/22 03:54
By:Cointime

On October 22, at the main forum of ETHShanghai 2025, Xiao Feng, Vice Chairman and Executive Director of Wanxiang Holdings, Chairman of Wanxiang Blockchain, and Chairman and CEO of HashKey Group, stated that blockchain can be roughly divided into two categories. One is represented by Bitcoin, which is mainly a currency issuance system that achieves high-speed operation through simple mathematical formulas, does not allow complex external deployment, and quickly reaches consensus globally, hence being seen as "digital gold". The other is represented by Ethereum, with applications at its core, gradually developing along the lines of the white paper's original intention, currently occupying 60%-70% of the application market share. Xiao Feng pointed out that there is no need to try to replace Ethereum because it has a first-mover advantage and is continuously improving. Other blockchain projects need to prove their strategic positioning is different from Ethereum and provide differentiated value. The possibility of challenging Ethereum is very low. Xiao Feng also emphasized the importance of not overlooking the development of DeFi, but it is necessary to balance KYC and anti-money laundering requirements. The concept of DeFi is different from traditional finance. Through zero-knowledge identity authentication (ZK ID), users can confirm their status as qualified investors globally by providing certificates, proofs, work experience, and other information, enabling secure transactions worldwide and allowing decentralized finance to better serve the global financial system.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Byte is trending overseas again

Demonstrates global ambitions.

ForesightNews2025/10/22 16:13
Byte is trending overseas again

If you can't beat them, join them? US sports betting giant Draftking acquires licensed exchange, joins the prediction market battle

DraftKings has announced the acquisition of Railbird Exchange, which holds a CFTC license, seeking to expand beyond sports betting and meet users' demand to wager real money on future events.

ForesightNews2025/10/22 16:13
If you can't beat them, join them? US sports betting giant Draftking acquires licensed exchange, joins the prediction market battle

Limitless completes $10 million seed round before LMTS token launch

Limitless has become the simplest way to trade crypto and stocks in a fast-paced market.

ForesightNews2025/10/22 16:02
Limitless completes $10 million seed round before LMTS token launch

Bitwise CIO: Why Does Gold Outperform Bitcoin by Such a Wide Margin?

Don’t envy the surge in gold prices; it may be showing us the future path of bitcoin.

BlockBeats2025/10/22 15:51
Bitwise CIO: Why Does Gold Outperform Bitcoin by Such a Wide Margin?