Founder of Lin: Bitcoin development has entered the era of integration

The first China bit-currency industry summit (first anniversary of the currency network) was held in Beijing recently. Participants include domestic and foreign bitcoin industry practitioners and investors, including: the joint venture of the founder of Wang Qiang, well-known angel investor Dai, Sequoia Capital Ji Yue, Li Yu, bit fund promoter.

Du Jun, spokesman for the Fire money network, said industrial integration was not an end in itself but an attempt to upgrade the entire industrial chain in China-saying, not just how to divide the cake, but how to make all the cakes bigger. At the meeting, Lin, founder and CEO of the currency network, pointed out that at present the global bitcoin industry, including China, is focused on 4 pieces: mining-upstream, wallet-basic services, the middle of the trading link-the core, and the application link (now mainly paid). Overall, the industry still lacks revolutionary applications. He adds that development takes time until "we go out and we don't have to take dollars, like a credit card ten years ago", which is when Bitcoin truly revolutionized.

Talking about the positioning of the Lin on this long road, said the fire currency = The basic service provider of the industry chain-whether it is a financing platform for mining, infrastructure, trading, even derivatives futures, leverage, money management, wallets are the basis. But at the same time, the currency also plans to continue to promote the development of applications, because "the last value of any thing, is the use of products."

Lin points out that the network itself is an example of an application that has been transformed from a Bitcoin trading platform to a bit-currency base service provider for a year. In addition, he mentioned 6 new members: The fast wallet acquired in June this year-the first in the country to support multiple signature Bitcoin wallet; bitvc--in June on the line of digital money derivatives platform-has now launched a cash leveraged trading surplus, such as 4 products; Qukuai network--bit currency information inquiry platform , as well as the introduction of the Bityes, Digcoin and pawnshop networks, which are highlighted:

bityes--Dollar trading platform-recharge methods have telegraphic transfer, Egopay, Astropay, the present is covered by telegraphic transfer, Egopay. Users need to be authenticated before they can recharge and present. In addition, at present the platform supports Chinese, English, French, Portuguese and Russian, four languages

digcoin--sold neither Bitcoin nor the mine machine, but the power. Digcoin through cloud computing, set up a mining fleet, sales force to customers. At the same time bear the operating failure, technical problems and other risks, reduce the threshold for mining users. Users can spend less money and energy on a full set of digging equipment than alone, and buy the right to use the specified force in Digcoin (in one year). The reward is the value of the renminbi corresponding to the bitcoin.

Pawn Shop Network-a peer-to-peer platform for digital asset mortgage lending, helps digital asset holders activate their funds while providing safe financial services for investors. Platform to accept Bitcoin mortgage lending, the recent introduction of the Wright currency, domain names and other good circulation of digital asset lending services. Currently supports renminbi trading and will be traded on the dollar in one months

It is not difficult to see that the future development of Bitcoin industry is to expand all kinds of applications, including the block chain technology as the core, financial applications outside the new products. Poetic point, "This is a best time, is also a worst era", bitcoin enough new, hidden enough imagination space, on the other hand, because the founders and regulators lack precedent, the need for both sides of a large number of exploration and continuous running-in, will certainly appear "industry martyrs." But the birth and development of any great thing is like this, victory or defeat is not important, to be serious. At least I personally expect that domestic entrepreneurs can bring new energy and inspiration to global Bitcoin innovation.