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Peking University Graduates' Blockchain Entrepreneurship for Ten Years: From White Paper Translation to Global Computing Power Dominance
From Psychology Prodigy to Blockchain Pioneer: The Legendary Journey of a Peking University Graduate
In 2011, a 25-year-old young man accidentally discovered the Bitcoin white paper in an office on Beijing's Financial Street. This document completely changed the trajectory of his life. The psychology graduate from Peking University immediately invested 100,000 yuan to buy Bitcoin, which was only worth 10 dollars each at that time. Despite his friends' skepticism about his decision, he stuck to his judgment and set about translating the white paper into Chinese, becoming the first person to introduce the concept of Bitcoin to the Chinese-speaking world.
He then founded the first domestic Blockchain media platform, providing a place for industry professionals to communicate and debate. Through his efforts, the Chinese community began to pay attention to and discuss cryptocurrencies, laying the foundation for the development of this emerging industry in China.
In 2013, the price of Bitcoin skyrocketed, igniting a global mining craze. This young entrepreneur collaborated with a technology expert from Tsinghua University to develop the revolutionary mining machine S1 in a humble room. This product quickly captured 75% of the global market share. In 2016, their new generation mining machine became the industry benchmark for energy efficiency, leading the innovation of ASIC chip technology.
The company he founded quickly rose to prominence, with revenue scales comparable to tech giants. He is respectfully referred to by industry insiders as the "Mining King" because his mining machines greatly enhanced the efficiency and profitability of mining. His technological innovations reshaped the global mining landscape and established the company's dominant position in the global computing power market.
In 2017, he led an important fork of Bitcoin, launching a new cryptocurrency that sparked intense discussions and controversies within the industry. In the face of skepticism, he calmly stated: "Technological advancements will inevitably pave the way for new paths." Through this fork and the formation of a mining pool alliance, he deeply participated in the establishment of the underlying protocols of cryptocurrencies, gaining a voice in the industry rules.
Despite the setback of the company's IPO plans in 2018 and the parting of ways with partners due to strategic differences, he did not stop moving forward. He led a new team to continue expanding the business, personally delving into the frontline of the mines, sharing hardships with the workers, and demonstrating his down-to-earth leadership style.
In 2019, he founded a new cryptocurrency financial services company and pioneered the "safety cushion" asset management model, managing assets exceeding $10 billion. He actively promoted the compliance of cryptocurrency finance and contributed to the development of regulatory frameworks in multiple countries and regions, setting a benchmark for industry compliance.
His mining pool business went public on Nasdaq with a valuation of $4 billion, establishing a global computing power network. He has also strategically invested in the Singapore Freeport and compliance trading centers in the Middle East, pushing crypto assets from the margins to mainstream financial markets.
Today, he has proposed an innovative strategy of "AI+DeFi", dedicated to integrating artificial intelligence computing power verification into decentralized finance, developing cross-chain protocols, and targeting the future development of distributed financial infrastructure. His layout is not limited to the cryptocurrency field but aims to reshape the global financial landscape.
From a white paper translator to a leader in the computing power market, from a financial innovator to a pioneer of AI integration, this entrepreneur's ten-year journey reflects the evolution of Blockchain technology from a niche experiment to a new global financial force. With a focus on technological innovation and regulatory cooperation, he has defined the industry standards for mining machines, computing power, and asset management.
This talented individual from Peking University has written a legendary story about the rise of the Chinese Blockchain industry with his beliefs and persistence. How will he continue this legend in the next ten years? The answer may already be contained in every strategic layout he makes.