CONTENT
At ETHShanghai2025, HashKeyGroup CEO & WXblockchain Vice Chairman Dr. Xiao Feng shared key perspectives on blockchain evolution:
Two Blockchain Archetypes:
•Bitcoin → a monetary issuance system, simple yet globally scalable — the true “digital gold.”
•Ethereum → an application-driven ecosystem capturing 60–70% of market share, built on continuous innovation.
On Competition:
“Don’t try to replace Ethereum — it has the first-mover advantage. Competing chains must prove differentiated value and positioning.”
On DeFi & Compliance:
Dr. Xiao emphasized the future of DeFi + KYC through ZK Identity, enabling users to verify credentials securely and trade globally — bridging decentralized finance with the traditional system.
WRITER’S INTRO

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