Gate.io CEO Dr. Han Lin at ABS2024: We Are Still at the Dawn of a Revolutionary Era
Aug 8th, Taipei – Gate.io CEO Dr. Han Lin delivered an insightful presentation at the Asia Blockchain Summit 2024, focusing on the evolution of the cryptocurrency industry. Dr. Han explored the current state of the crypto sector, emphasizing that while the industry’s growth has been impressive, there remains substantial potential for further expansion.
Dr. Han explained that throughout its existence, the industry has seen remarkable improvements and technological advancements that have made the blockchain more efficient. Furthermore, in recent years governments and regulatory bodies have begun to recognize the importance of blockchain and work to create supportive environments where the industry can continue to thrive. More users are adopting blockchain technology every day, which is making the user base of this technology more diverse and impactful. Now more institutions are showing interest in blockchain technology, proving that the industry is becoming more mature and stable.
Dr. Han’s speech discussed the evolution of crypto across seven distinct areas: The Launch, The Tokens/Coins, The Exchanges/Trading Platforms, Trading Volume, Market Cap, The Chains, and The Users.
Dr. Han began by stating that initially people mined Bitcoin with computers, and later altcoins borrowed this same idea. Later, blockchain projects began to use ICOs, IEOs, and IDOs to launch.
Shift Toward Community-Driven Launches
There is a noticeable trend towards community-driven launches in the cryptocurrency industry. Memecoins, for instance, have garnered significant attention and participation due to their reliance on strong community support and viral marketing. Additionally, there has been a marked decline in ICO launches as the industry shifts
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