Author of the article: Meta Era guest author Giovanni Chen」
Hong Kong in October is a picturesque city. The heat of summer has quietly left, and the gentle autumn breeze is blowing everywhere. This month is the best time for outdoor activities. Traditionally, people have flocked to country parks in the countryside to enjoy the beauty and tranquility of nature.
In the westernmost area of Hong Kong Island, Hong Kong has another scene surrounded by green mountains. Standing at the foot of the mountain and turning around, you will see high-rise buildings full of technology and blue water in front of you. People here are admiring this. It is a wonderful combination of urban economy and nature. This is the focus of major media attention - Cyberport.
Today in the crowded Cyberport, there is a gathering of the Ethereum community’s latest technology community in Hong Kong: ETH HK.
In the main venue in the morning, people were as busy as ever, listening to lectures, visiting booths, and taking photos. And at 2 oclock in the afternoon, everyone moved in unison and squeezed to the main venue non-stop. There were no seats available, so they had to sit on the ground to get a seat, for fear of missing the important information revealed in this speech: the speaker is Ether. Vitalik, the founder of the workshop.
“Hello hello, can you guys hear me well?”
That familiar, gentle and unique voice immediately attracted everyones attention. Everyone stared at the young industry leader with their eyes widened and their ears pricked up, looking for the important information in his words.
Vitalik, who has always maintained communication with the community, bluntly updated the latest achievements and challenges of the Ethereum ecosystem:
1. Last years Merge upgrade of Ethereum was very successful. Today, more than 25 million ETH are being pledged in POS. Ethereum has been running stably for one year without major accidents. But then we need to pay attention to the problem of large staking service providers centralizing staking, and the problem of limiting the number of transaction signatures in each time window.
2. Account abstraction has always been a technology promoted by Vitalik, which can provide effective solutions from the perspective of user experience, transaction costs, and security. However, the implementation of account abstraction requires attention to the adaptation between various modules, such as coordination issues between L2, and ensuring the privacy of transactions and operations.
3. In the current fierce L2 competition, projects should choose appropriate L2 solutions based on their own needs for security and scalability. For example, Rollup can provide more security and keep data on the chain. Other technologies such as Validium can store data off-chain and verify it on-chain, thereby processing a large number of transactions. Projects need to consider actual application scenarios and choose appropriate technologies.
For 20 minutes, the audience listened attentively to Vitaliks every word, but another hot topic was that the audience had been looking forward to Vitaliks views on Hong Kong policy but it has not appeared for a long time. With a Bye guys, see you next time! Vitalk disappears into the background of the hotel room on the other side of the video.
Vitalik and Hong Kong
Buterins appearance on ETH HK particularly attracted attention, which was caused by the controversy on social media last month.
You must know that Singapore and Hong Kong have always been performing a tale of two cities in the center of Asia, from traditional finance and trade to Web3, without exception.
When Buterin participated in Singapore Token 2049 last month, the audience asked Vitalik, What do you think of Hong Kong? Will Hong Kong become the web3 center of Asia?
God V thought for a while and said cautiously: I actually dont know Hong Kong very well. I know that Hong Kongs policies are very friendly recently. But for Web3 entrepreneurs, they need to consider the stability of the policies for a long time to come. , whether it will continue to be so friendly. I cant make a judgment now.
There was a heated discussion in the community, with some netizens lashing out, citing the Chinese communitys various help to V God, and that they should not be so disrespectful of the feelings of Chinese fans. Some communities also said that it is indeed very rational to consider the long-term stability of a region from the perspective of entrepreneurs.
In this regard, Hong Kong Legislative Council member Wu Jiezhuang immediately issued an invitation to Vitalik: I now sincerely invite Mr. Vitalik to come to Hong Kong to understand the situation. I am willing to coordinate relevant institutions and enterprises to share the situation in Hong Kong with them. Hong Kong is a country with complete procedures for formulating policies and Special Administrative Region of the law. Every policy or legislation in Hong Kong has to go through a period of discussion, including government policy writing, public consultation, discussions in multiple Legislative Council committees and general meetings, etc. The central government has always expressed support for the development of Hong Kongs one country, two systems, so Hong Kong There is room to formulate policies on virtual assets, and global compliance companies are welcome to develop in Hong Kong.
Yat Sui, executive chairman of Animoca Brands headquartered in Hong Kong, also called out Vitalik Buterin, willing to buy air tickets and be Vitaliks tour guide. He said, Hong Kong is actually one of the most stable and freest economies in the world. China has been relying on Hong Kongs international perspective, and Hong Kong will not become mainland China. Hong Kong has obviously suffered some political influence, but it is still Very freeing.
Of course, community members are looking forward to V God arriving in Hong Kong in person to give a boost to the Hong Kong and Chinese Web3 communities.
Vitalik and China
In fact, Vitalik actually has a deeper connection with China.
Vitalik was born in Russia, the son of a computer scientist. Their family later immigrated to Canada from Russia. Vitalik received his first computer at the age of 4. In the third grade of elementary school, he could do mental arithmetic at twice the speed of ordinary people. At the age of 12, he could write small games in C++. Since then, Vitalik has been addicted to online games and computer codes since childhood.
Vitalik learned about Bitcoin in 2011 and became a loyal supporter of Bitcoin and actively participated in its construction. In 2012, Vitalik co-founded the media Bitcoin Magazine.
In the subsequent period, he actively made suggestions for Bitcoin, including a new idea of programmable, decentralized, hosting and processing smart contract application systems to upgrade Bitcoin to host more application scenarios.
At the end of 2013, Buterin released a paper titled Ethereum: The Next Generation of Smart Contracts and Decentralized Application Platforms. In this paper, he analyzed the Bitcoin system design, potential and shortcomings in detail, and further elaborated on Ethereums potential and ability to build various decentralized applications.
But in the early stages of Ethereum’s development, it was not all smooth sailing.
In May 2014, Buterin came to China to promote the upcoming Ethereum crowdfunding pre-sale. During this trip to China, Buterin met with many community members and introduced Ethereum projects in detail. Many people expressed doubts about him, and even said to him: You are a liar! and then drove him away mercilessly.
In a photo with a Chinese community, Vitalik stood fourth from the right in the last row, with his face half blocked by the people in front.
But V God’s mission has just begun, and of course he will not give up just like that.
Finally one night in 2014, he visited Xiao Feng, chairman of Wanxiang Blockchain Labs.
The launch of Ethereum requires a lot of capital. Wan Xiangxiao has purchased Ethereum worth US$500,000. I am so happy! Vitalik said.
This 500,000 US dollars gave him money to start the project and develop the Ethereum plan. In addition, Wanxiang also helped him build a Chinese community and help them communicate with Chinese regulators. He also introduced many Chinese startups to them to enrich the Ethereum ecosystem.
In July 2014, Ethereum planned to officially launch Ethereum crowdfunding. The whole process went very smoothly. The Ethereum team successfully raised 31,000 Bitcoins, equivalent to approximately US$18 million.
Vitalik has been to China 10 times. He speaks fluent Chinese and can answer most questions about blockchain in Chinese.
He is well known to Chinese entrepreneurs because he speaks fluent Chinese and has an excellent technical background. And I also mingle with Chinese entrepreneurs in my spare time. Vitaliks favorite song to sing in KTV is Little Lucky by Tian Fuzhen Hebe.
Buterins appearance at the ETH HK event was the first time Buterin returned to the Chinese community after 4 years. Does this also reveal Hong Kongs clear policy towards the Web3 industry and is regaining the focus of the entire industry.
As one of the leaders in the development of Web3, Hong Kong is making great strides forward together with the entire industry. On the other hand, some official statements from other regions show that everything from building high-rise buildings to banquets to building collapses occurred in recent years. The Hong Kong government’s strong stance and response will undoubtedly be a boost for the global Web3 community; for every believer who still adheres to the encryption winter, such transparency and support will be a timely help. of the gospel.
Those who work for everyone should not be allowed to freeze to death in the wind and snow. Those who open the way for freedom should not be trapped in thorns. This is true for Hong Kong, and it is also true for everyone who is still dormant in the cold winter. Believers. The Eastern Web3 Capital is rising. It will stand on the banks of the Hong Kong River, waiting for the visit of believers from all over the world.
References
[ 1 ] https://www.panewslab.com/zh/articledetails/9i71lfa1.html
