Hack.Summit() 2024 Blockchain Developer Conference Day 1 Highlights Review
With the continuous advancement of technology,BlockchainTechnology has gradually emerged and become the focus of global attention.BlockchainThe annual event in the field, Hack.summit() 2024BlockchainThe developer conference was successfully held on April 9, attracting many industry elites, technology experts and media representatives. During the two-day meeting from April 9 to 10, participants discussedBlockchainThe latest developments in technology, application prospects, and challenges faced. This article will review in detail the highlights and topics of today's conference, so that those who did not participate can also gain a deeper understanding of this event.
The conference was hosted by the well-known venture capital institution Hack VC, co-organized by industry leaders such as AltLayer, Berachain, RockTree Capital, and hosted by Hong Kong Web3 media Techub News. At the same time, we are honored to have received support from Solana Foundation, Chainlink Labs, Cyberport, 0G, Manta Network, MANTLE, HUAWEI, Vertex, Google Cloud, AUROS, J17, SNZ, JDI, Blockchain, ScalingX, BeL2, Chakra Chain, Web3MQ, dappOS, Axiomesh, Jasper Vault, CUSTONOMY, zk.Link and many other industry-leading companies have provided valuable cooperation support.
1. Conference Background and Theme
Hack.summit() 2024区块链开发者大会旨在汇聚全球区块链领域的顶尖人才，共同探讨区块链技术的创新与发展。本次大会以“构建未来，共创价值”为主题，聚焦区块链技术的最新应用、行业趋势以及未来发展方向。会议涵盖了多个分论坛和专题讨论，为与会者提供了一个交流思想、分享经验的平台。
II. Overview of the Conference Session
Ed Roman [Founder of Hack.summit() & Founding Partner of Hack VC] Opening Speech
At the beginning of the conference, a grand opening ceremony kicked off. The guests gathered together to witness the opening of this grand event. Later, at the opening ceremony of the Hack.summit() 2024 Blockchain Developer Conference, Ed Roman, the founder, warmly welcomed all participants and looked forward to the technical exchanges in the next two days. He emphasized that this is a grand event focused on improving developer skills, and shared Hack Summit's glorious nine-year journey and philanthropic background, as well as its firm investment in blockchain and Web3. As the first event held in Asia, they are very happy to choose Hong Kong as the venue for the conference.
Finally, Hack VC founding partner ED Roman said, "Open source softwarecryptocurrencyIt is a more elegant business model. All open source code is provided for free, everything is decentralized, and a certain proportion of the funds is reserved for the team.TokenIt is a more "elegant" way to make profits. Software developers around the world, including those in Hong Kong, are using this model to build their businesses, which reduces many entrepreneurial challenges for them and is an incredible innovation. "
Mr. Chan Wing Hong, JP (Under Secretary for Financial Services and the Treasury, Government of the Hong Kong Special Administrative Region)
In his speech at the Hack.summit()2024 Blockchain Developer Conference, Mr. Chan Wing Hong emphasized Hong Kong's status as an international financial center and its leading position in the fields of fintech and blockchain. He mentioned that Hong Kong ranks among the top in Asia and even the world in terms of cross-border wealth management center, capital market, risk management, insurance density, and offshore RMB business. These achievements not only reflect the robustness of Hong Kong's financial ecosystem, but also provide a solid foundation for the development of fintech and Web3. Many financial institutions have established their Asian headquarters or largest branches in Hong Kong, and fintech and blockchain companies can access a large number of potential investors, customers and business partners here. Mr. Chan said that Hong Kong is committed to promoting the development of fintech and Web3 and providing an ideal environment for global innovators.
Smokey (Berachain co-founder) keynote speech
Berachain co-founder Smokey introduced the background story, vision and economic model of the "Berachain" project in his keynote speech at the Hack.summit()2024 Blockchain Developer Conference.
He emphasized that Bearchain is an EVM-compatible L1 built on top of the Cosmos SDK, allowing developers to seamlessly deploy Solidity code. However, its uniqueness lies in the use of a consensus mechanism called "Proof of Liquidity Consensus", which is a variant of the delegated proof mechanism. Smokey also revealed that the team is working on a story involving many NFT bears. Although the specific details are still being explored, they have launched the RTO testnet and look forward to seeing developers build exciting applications on this platform.
Smokey, co-founder of Berachain, said that there are currently dozens of ghost chains with hundreds of millions of TVL, but there is almost no interactive activity on them. It does not really promote the development of applications on the chain. The real blockchain ecosystem should be driven by applications. When a block is generated, the reward of the block should not just stay on the verification set.
Keynote speech by Rushi Manche (Co-founder of Movement Labs)
Rushi Manche shared how to build the first application on Aptos and delved into the charm of the Move language. He introduced the background of the problem, the solution, and the architecture they are building. He specifically mentioned M1 as their decentralized sequence network and how the Move VM performs intelligentcontractRushi stressed that with the advent of smartcontractWide application on blockchain,SafetyThe problem is becoming more and more prominent. Last year, the losses caused by smart contract vulnerabilities exceeded $8 billion, of which $4.5 billion was mainly due to problems such as reinsta tree and integer overflow. Therefore, they are committed to solving these problems through Move language and other technologies to improve the blockchain.Safetysex.
Akersh Srivastava (Chainlink VP of Product and Head of Developer Relations) keynote speech
Akersh Srivastava's speech started in a light-hearted and humorous way. He used stage props to demonstrate the flexibility of Chainlink, interact with the audience and spark interest. He emphasized the importance of the technology ecosystem in the Web 3.0 era and led to the core topic of today's discussion by asking the audience how much they knew about Chainlink.
The core of the speech was to discuss the transition between Web 1.0, Web 2.0 and Web 3.0, and the role of Chainlink in promoting the decentralized technology ecosystem. Srivastava pointed out that as the Internet evolves, we are transitioning from the static, highly centralized Web 1.0 era to the more interactive and decentralized Web 3.0 era. In this process, technologies such as Chainlink play a key role, making data and applications more democratized and promoting the development of social media, file sharing and peer-to-peer networks.
Sandeep Nailwal (Founder of Polygon) Keynote Speech
In his speech, Sandeep Nailwal first reviewed the development of blockchain, from the initial single blockchain (such as Solana, Ethereum and Polygon P0S) to today's modular blockchain architecture. Since all smart contracts are deployed on a single chain, the single blockchain has high composability and interoperability between smart contracts, but limited scalability. Modular blockchains achieve unlimited scalability in technology by allowing the existence of hundreds of chains.
However, modular blockchains also bring about fragmentation problems. There are currently 100 to 200 blockchains, and using different chains requires asset bridging, which involves complexSafetyAssume. This fragmentation issue has become a focus of industry discussion.
Therefore, the next stage of modular blockchain is to solve the fragmentation problem. Sandeep hinted that Polygon may solve this problem through some form of aggregation, but did not give specific details. Overall, the speech looked forward to the future development direction of blockchain technology and pointed out the challenges that need to be solved.
Roundtable: Building the Next Generation Decentralized Ecosystem
Moderator: Gokhan Er (Managing Director, IOSG Ventures)
Participants: Philip Forte (Founder of Elixir), Hilmar Orth (Founder of Gelato), Anuray Arjun (Avail)
At today's roundtable, three guests - Elixir founder Phil Forte, Gelato founder Hilmar Orth and Avail co-founder Anuray Arjun - discussed the topic of building the next generation of decentralized ecosystem. Phil Forte emphasized the importance of modular stacks in blockchain technology and shared his rich experience in the crypto space. Hilmar Orth introduced how Gelato can help projects build Rollup L2s and L3s, and provide microservice enhancements. Anuray Arjun shared the vision of the Avail project, which is to provide data availability for extended Rollup and build an interoperability layer through proof aggregation. The sharing of the three guests showed their enthusiasm for blockchain technology and their expectations for the future. The modular stack is expected to provide a solid foundation for the next generation of decentralized applications, but it is also necessary to solve the fragmentation problem to achieve smoother cross-chain interoperability.
Roundtable: Protecting the Digital Frontier
Moderator: Ken Zhang (Google Cloud Greater ChinaSafetyPerson in charge
Participating guests: Robert Chen (founder of OtterSec), Alex Rawitz (co-founder of Dimo), Ranvir Rana (co-founder of Witness Chain)
At the roundtable meeting on "Protecting the Digital Frontier", all the guests expressed their views on the issue of digital asset security, providing valuable references for the participants. First, Robert Chen, the founder of OtterSec, emphasized the core role of security audits in protecting digital assets. He said that through in-depth security audits, potential security vulnerabilities can be discovered and prevented in advance. He believes that for on-chain protocols, L1exchangeAudit efforts should be intensified in key areas such as cybersecurity and cybersecurity to ensure the security of these infrastructures.
Then, Dimo co-founder Alex Rawitz talked about the security of digital assets from another perspective. He believes that in addition to technical security, it is also necessary to focus on compliance and legal protection. In the field of digital assets, compliance is the key to ensuring the stable operation of the business. Therefore, he suggested that companies should not only strengthen technical protection, but also pay close attention to changes in relevant laws and regulations to ensure compliance with business development.
Finally, Witness Chen, co-founder of Witness Chain, discussed how to ensure the security of digital assets from the perspective of a decentralized ecosystem. He believes that a decentralized ecosystem reduces the risk of single point failures through decentralization, but it also brings new security challenges. Therefore, he proposed a comprehensive security framework, including identity authentication, access control, encryption technology and other aspects to ensure the safe circulation of digital assets in the ecosystem.
David Tse (Babylon co-founder) keynote speech
In his speech, Mr. David Tse emphasized the driving force of Bitcoin in the current bull market and the trend of Bitcoin's rapid price increase. He believes that Bitcoin is digital gold and has extremely high value. In the past few months, the price of Bitcoin has continued to rise, attracting more and more attention and investors. Mr. David Tse said that they are working on projects related to Bitcoin and are passionate about it.
Feng Han (Co-Founder of BeL2) Keynote
Feng Han, co-founder of BeL2, introduced BeL2 in his speech as a Bitcoin supremacist infrastructure based on Elastos and joint mining with BTC, with more than half of the Bitcoin computing power. BeL2 supports custom smart contracts and uses BTC Oracle andZero knowledge proofEnable BTC to operate outside the mainnet while protecting the ownership and asset management of BTC holders. He announced the launch of BTC Swap and EBTC loans, allowing BTC holders to participate in smart contracts and loan transactions on other chains without leaving the mainnet. He believes that this scenario provides BTC holders with the opportunity to borrow without collateral, and predicts that this will be a trend in the future. Finally, he emphasized the importance of adhering to Bitcoin supremacy, believing that the BTC network is more secure, transparent, and closely linked to the concept of computational democracy. Against the backdrop of the global debt crisis, he called for BTC to play the same role as gold in the last century.
Roundtable Forum:Zero knowledge proofWith heavy pledge
Moderator: Nicole Sun, Zuzalu Core
Participating guests: Federico Carrone, co-founder of Aligned Layer, Vyas Krishnan, strategy officer of EigenLayer
In this meeting, three guests, Federica Corona, Nicole Sun and Vyas Krishnan, discussed in depth the two core topics of zero-knowledge proof and heavy staking, and also shared their thoughts oncryptocurrency领域的多样性和复杂性、去中心化技术与可编程信任的重要性、以及加密货币在新兴市场中的潜力和挑战的观点。嘉宾们还展望了加密货币领域的未来发展方向，包括技术创新、市场扩张和监管政策等方面的变化。通过他们的分享和讨论，与会者得以更全面地了解加密货币领域的现状和未来趋势，为行业的进一步发展提供了宝贵的思路和启示。
Roundtable: Creating Exponential Value with Data and Infrastructure
Moderator: Pavel Burylichev, Director of Engineering, GGx;
Panelists: Omer Ozden, Chairman, RockTree Capital; Hakan Sezikli, CMO, BEVM; Shawn Lim, Head of Asia Pacific, Axelar; Balal Khan, CMO, BEVM; Ganesh Swami, Co-founder and CEO, Covalent.
In the roundtable discussion on the theme of "Using Data and Infrastructure to Create Exponential Value", the guests emphasized the core role of data and infrastructure in creating exponential value. They believed that data is not only a trainingAIThe cross-chain infrastructure is the key to solving the interoperability of blockchains, and it is also the basis for the development of the model, DEXs and NFT markets, and the key to meeting tax and audit requirements. At the same time, as the key to solving the interoperability of blockchains, cross-chain infrastructure has both challenges and opportunities. Optimizing these infrastructures can not only improve transaction efficiency and security, but also attract more users and application scenarios, further promoting the growth and innovation of the Web3 field. Therefore, by making full use of data and infrastructure resources, we can not only meet current needs, but also foresee and seize new opportunities in the future Web3 field.
Roundtable: Smart Currency Trends and Forecasts
Moderator: Yolanda Chung (Partner of PANONY & PANews)
Participating guests: Omer Ozden (Chairman of RockTree Capital), BMAN (ABCDE), Gavin Wang (SNZ CIO), Yi Wang (Managing Director of CSOP Asset Management), Yiming Wang Chairman of JDl
In the roundtable meeting on "Smart Currency Trends and Forecasts", the guests had an in-depth discussion on the development trends and forecasts of smart currencies. Although each guest came from a different company and background, they all held a positive attitude towards the future of smart currencies.
First of all, the guests generally believed that smart currency, as one of the important applications of blockchain technology, is gradually penetrating into multiple fields such as finance, social networking, and entertainment. With the continuous development and maturity of technology, the application scenarios of smart currency will become more and more extensive.
Secondly, the guests discussed the investment trend of smart currencies. They believed that compared with traditional cryptocurrencies such as Bitcoin, smart currencies have higher practicality and scalability, and therefore have greater investment potential. Especially in decentralized finance (DeFi), non-homogeneousToken(NFT) and other fields, the application prospects of smart currency are very broad.
In addition, the guests also talked about the challenges and opportunities facing smart currencies. They believe that as the scope of application of smart currencies continues to expand, their security and stability will face greater challenges. But at the same time, this also provides more opportunities for the development of smart currencies, such as innovation and application in cross-chain technology, privacy protection, etc.
Finally, the guests made predictions on the future development of smart currency. They believe that with the continuous advancement of technology and the continuous expansion of application scenarios, smart currency will become an important part of the future digital economy. At the same time, smart currency will also promote the further development of blockchain technology and bring more opportunities and challenges to the entire industry.
Justin Drake (Ethereum Foundation) keynote speech
Justin Drake’s speech was mainly centered around the topic of “Firm Preconfirmations.” He emphasized the importance of preconfirmations as an infrastructure that sits near the consensus layer but is not directly involved in the consensus mechanism. Through preconfirmations, blockchains can simulate extremely small block times, even faster than Solana’s 400 milliseconds in some cases, greatly improving transaction speed and user experience.
Justin's speech was divided into two parts. The first part discussed how to achieve pre-confirmation in a decentralized way. He believed that most of the current pre-confirmation relies on centralized institutions, which is contrary to the decentralized principle of blockchain. Therefore, he proposed the concept of decentralized pre-confirmation, which aims to prove that certain transactions will be included in a future block through the state of the blockchain itself, thereby avoiding dependence on centralized institutions.
The second part details a specific type of decentralized preconfirmation - Base Preconfirmations. Justin believes that Base Preconfirmations is a specific method of implementing decentralized preconfirmations, which uses the state of the blockchain to prove that certain transactions will be included in a future block. This method not only ensures the security of transactions, but also improves transaction speed, providing a new solution for the scalability of blockchain.
Finally, Justin emphasized the importance of pre-confirmation technology to the development of Ethereum. He believes that with the continuous development of blockchain technology and the growing demand for applications, pre-confirmation technology will become the key to improving Ethereum's performance and scalability. He called on EthereumCommunityLet us work together to promote the development and application of this technology and contribute to the future development of blockchain technology.
Rock Lau (Chief Executive Officer, AxiomeshCommunityKeynote Speech
Rock Lau，Axiomesh的首席Community官，在今天的主题演讲中介绍了他们的区块链产品Axionmesh 引入创新的 TIMC 协议结合多年区块链开发经验以及与政府机构的合作来提高用户友好，数据隐私性、公链性能、资产跨链安全性和 Rollup 兼容性，以实现区块链技术的大规模商业应用。他首先对比了Web2和Web3的现状，指出虽然加密货币市场总价值高达2.409万亿美元，但与纳斯达克前100强股票的总市值38万亿美元相比，仍然只是其中的一小部分。此外，根据Triple A的报告，整个加密货币市场的用户基础仅为全球人口的4%，而像Matter这样的平台则拥有超过20亿用户。
Rock believes that in order to drive the explosive growth of cryptocurrency and blockchain technology and become the next generation of the Internet, Web3 or cryptocurrency needs to be closer to our daily lives, including food, clothing, housing, transportation and other aspects, and even extend to more industries such as manufacturing and energy.
When preparing for large-scale commercial applications of blockchain technology, we must solve some key problems, such as the high threshold for user access. For example, users need to downloadwallet, remembering complex passphrases, and understanding various elusive private keys are all obstacles that hinder user access. Rock emphasized that in order to promote the widespread application of blockchain technology, we need to solve these problems and make it easier to use and access.
Steven Wong (PublicAI Co-founder) Keynote Speech
In his keynote speech on PublicAI Product Partners, Daksh Joshi emphasized that true open AI should be open to humans, allowing them to participate in and benefit from the development of AI. He mentioned that the next major advance in AI will rely on air training data, and pointed out that humans will become the main data producers for AI in the future. He vividly portrayed the role of humans as data producers by citing the two movies "The Matrix" and "Doomsday". At the same time, he also mentioned MIT's research, pointing out that trainingXiaobai NavigationData will be exhausted in the next few years, emphasizing the importance of finding new data sources. Finally, he emphasized that the goal of Public AI is to build a platform that enables humans to participate and contribute to AI, thereby achieving the future development of AI.
Roundtable Discussion: Hackathon Group
Moderator: Herbie Fu (Partner of Hack VC)
Conference guests: Nezha (Berachain Asia Pacific BD), Anthony Zhang (The Graph Asia Pacific Community and Ecosystem Director) Daniel McM, Head of Solana Foundation
In the roundtable "Hackathon Group", participants mainly discussed the significance, impact and global activity of hackathons. Moderator Herbie Fu guided guests Daniel McM (Head of Solana Foundation) and Nezha (BD of Berachain Asia Pacific) to share their views and experiences on hackathons. Daniel emphasized that hackathons are not only a technical competition, but also a platform for cultural exchange, showing the charm of Asia-Pacific region, especially Chinese culture. Nezha introduced Bariton as a high-performance modular project, which is closely related to hackathon activities. He expressed great optimism about the future of Hong Kong and believed that the combination of culture and technology will bring huge development potential. At the end of the discussion, Nezha raised a thought-provoking question: Which projects or winners left the deepest impression on them in previous hackathon activities. Throughout the discussion, participants showed great enthusiasm and expectations for hackathon activities.
Conclusion
Through the review of the Hack.summit() 2024 Blockchain Developer Conference, we can see the application potential and innovative value of blockchain technology in different fields. The enthusiastic participation and in-depth discussions of the participants have injected new vitality and impetus into the development of the industry. Looking to the future, with the continuous advancement of technology and the continuous expansion of application scenarios, blockchain technology will play an important role in more fields and make greater contributions to the progress and development of human society.
At the same time, we also look forward to holding more similar blockchain developer conferences in the future to provide the industry with a platform for exchanging ideas and sharing experiences. We believe that with the joint efforts of blockchain enthusiasts around the world, the future of blockchain technology will be even better!
The above is a detailed review and in-depth analysis of the two-day conference session of the Hack.summit() 2024 Blockchain Developer Conference. I hope that through this article, people who did not participate can also have a deeper understanding of this event and feel the charm and value of blockchain technology.
The article comes from the Internet:Hack.Summit() 2024 Blockchain Developer Conference Day 1 Highlights Review
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