Bitcoin Devcon Day 1 Highlights: Global Developers Come Together to Shape the Future of Bitcoin

Author: Techub News

 

On May 7th, at the Hong Kong Science Park, the grand event Bitcoin Devcon, organized by UTXO Management, co-hosted by Satoshi Lab, supported by Yakihonne and Web3port, and hosted by Techub News, officially kicked off. This conference brought together global Bitcoin developers, engineers, researchers, designers, artists, and investors, aiming to explore the future development trends of Bitcoin together and inject new vitality into the global Bitcoin ecosystem.

Bitcoin Devcon is not just a simple gathering; it is a landmark event symbolizing the Bitcoin community's steadfast commitment to technological innovation and ecosystem development. The choice of this location not only recognizes Hong Kong's crucial role in the early development of Bitcoin but also represents our determination to propel the global Bitcoin ecosystem forward from the historical starting point of Bitcoin activities.

Tyler, Chief Information Officer of UTXO, Founder of Nano Labs, Jack Kong, Advisor at SatoshiLab, and Dr. Wu Jiezhuang, National Committee Member of the Chinese People's Political Consultative Conference and Member of the Hong Kong Legislative Council, delivered opening speeches.

 Tyler, as the Chief Information Officer of UTXO, emphasized the importance of Layer 2 innovation in the Bitcoin ecosystem. He believes that these innovations are not zero-sum games but bring more opportunities to the Bitcoin ecosystem, attracting more projects and builders to enter this field. He highlighted that Layer 2 tools not only provide scaling solutions but also innovatively realize functions such as gaming, DeFi, and tokenization of real-world assets, which have long been overlooked in the Bitcoin ecosystem. Tyler predicted that with more developers joining, the Bitcoin ecosystem will become more prosperous and innovative.

 Jack Kong listed the top ten reasons to return to Bitcoin, emphasizing Bitcoin's consensus status in the current bull market and its role as the ultimate issuer of tokens. He believes that Bitcoin surpassing gold is only a matter of time, and the value potential of the Bitcoin ecosystem is enormous. In addition, he mentioned the transformation of Bitcoin from a zero-interest asset to an interest-bearing asset, as well as the connection between Layer 2 opportunities and the prosperity of the Bitcoin ecosystem. Jack Kong also predicted that influential meme projects will emerge in the Bitcoin ecosystem and pointed out that the Chinese are an important force in the Bitcoin ecosystem, with Hong Kong being the core hub of the Bitcoin ecosystem.

 Dr. Wu shared the latest developments in Web3 policies and virtual assets in Hong Kong. He mentioned that Hong Kong is about to launch a new virtual asset training platform and has issued REP2 licenses for virtual assets such as Bitcoin and Ethereum, indicating the legal recognition of these assets by the Hong Kong government. He also mentioned the launch of Asia's first virtual currency spot ETF last week in Hong Kong. Although the trading volume has not reached the level of the United States, it is a positive start. Dr. Wu emphasized the importance of this innovation for the initial integration of traditional financial markets and virtual asset markets, believing it to be a significant step forward for Hong Kong and even globally in the virtual asset field.

Subsequently, representatives of 7 well-known Bitcoin Layer 2 projects delivered speeches.

 HaKan, Chief Government Relations Officer of BEVM, stated that since the successful launch of the mainnet, BEVM has achieved over 1 billion in on-chain transactions. BEVM is committed to simplifying the developer experience, enabling one-click deployment of smart contracts, and introducing a new structural consensus mechanism aimed at enabling the circulation of large coins between different chains. BEVM's vision is that in 100 years, Bitcoin will become the infrastructure running the world, and BEVM will be the key to building the entire financial system on Bitcoin. Hakan believes that Bitcoin's renewed attention is a positive signal, especially with the introduction of ordinal instructions and the Ordin Runes protocol, where transaction fees growth exceeds mining revenue, demonstrating the vitality and prospects of the Bitcoin ecosystem. He emphasized the importance of this progress for Bitcoin miner incentives.

 CEO Willem of Botanix predicted an important moment for Bitcoin in 2024. He stated that building on Bitcoin has been challenging in the past but has now become easier, thanks to the team providing Ethereum-compatible EVM equivalents. This innovation allows smart contracts on Ethereum to be replicated on Bitcoin, leveraging a vast capital pool. With in-depth research and cryptographic background support, William's team believes that Bitcoin will become the infrastructure used by billions of people globally in the future. He emphasized Bitcoin's uniqueness as a purely decentralized secure currency, while EVM operates as a software layer following operating system rules.

Jeff, founder of Merlin Chain, reviewed the evolution of the Bitcoin ecosystem and emphasized the key role of Layer 2 solutions in improving transaction efficiency, fairness, and asset innovation. He pointed out that Layer 2 not only optimizes transaction performance but also provides support for new types of assets such as NFTs, showing unique advantages in asset issuance. Jeff stated that Merlin Chain focuses on enhancing asset liquidity and supporting the trading of first-layer and second-layer assets, building more asset liquidity on the second layer.

 CKB Baiyu introduced CKB's RGB++ protocol, which allows assets in the Bitcoin ecosystem to seamlessly access the CKB chain without the need for cross-chain bridges. Despite Bitcoin's large market value, the number of assets issued on it is relatively small, so CKB sees huge potential in issuing NFTs and FTs. To address the first-layer protocol selection issue, CKB proposed RGB++, characterized by building a smart contract system off-chain, where users can self-host data and self-verify without relying on centralized entities. As a smart contract platform running for four years, CKB collaborates with global miners and mine fields, undertakes RGB++ assets through UTSO technology, and provides one-click activation of UTSO chain functions, enabling assets to freely flow between the Bitcoin chain, CKB chain, and UTSO chain.

 Atlas, Head of AINN Layer2 Business Development, outlined the broad application prospects of Bitcoin and blockchain in the field of AI. He emphasized the importance of decentralized AI and the critical integration of Layer 2 with AI. Through zero-knowledge proof technology, Layer 2 protects user data privacy while promoting AI model training and application. Additionally, Layer 2 provides necessary incentives for the AI ecosystem, addressing the lack of incentives for open-source models. Therefore, the application of Layer 2 in the AI field will drive the development of the Bitcoin and blockchain ecosystems. AINN is committed to bringing the benefits of this technology to more people through the combination of Layer 2 technology and AI.

 Dominik Harz, Co-Founder of Bob, stated that BOB is an innovative hybrid L2 that combines Bitcoin and Ethereum features, aiming to bridge the innovation gap in the Bitcoin ecosystem by leveraging the strengths of both. By introducing Rollup technology and trustless bridging, BOB enhances transaction processing capacity and scalability while maintaining Bitcoin's security. It supports EVM compatibility, allowing developers to deploy Ethereum dApps on Bitcoin.

 Bitlayer founder Kevin stated, "One of Bitlayer's goals is to solve the verification issues on the Bitcoin chain. Bitlayer can be seen as a smart contract system built on top of Bitcoin with powerful features. The aim is to bring programmable, decentralized computing capabilities similar to Ethereum to Bitcoin, while providing a more economical and faster on-chain application experience, all under the equivalent security guarantee of Bitcoin's layer one."

As the event progressed, the highlight of the first day of Bitcoin Devcon—three roundtable discussions—unfolded consecutively.

Roundtable 1: Paving the Way for Developers—Challenges and Difficulties in Building the Bitcoin Ecosystem

 Moderated by UTXO Management Partner John Riggins, Botanix Marketing Director Zack, Bitlayer founder Kevin, and Bob co-founder Dominik Harz discussed the various challenges and difficulties developers face in building the Bitcoin ecosystem. They generally agreed that the lack of educational resources and understanding of Bitcoin's unique nature are the main factors hindering developers from entering the field. Additionally, achieving scalability while maintaining Bitcoin's decentralization and security poses a significant technical challenge. The guests also shared their work experiences and insights in the Bitcoin ecosystem, providing valuable advice and guidance to developers present.

Roundtable 2: Promoting Innovation in the Bitcoin Ecosystem—New Opportunities with Layer 2

 Hosted by Jennie, BEVM Chief Government Relations Officer Hakan, Merlin Chain founder Jeff, CKB baiyu, and AINN Layer2 Business Development Manager Atlas gathered to delve into the new opportunities that Layer 2 technology brings to the Bitcoin ecosystem. The guests generally agreed that Layer 2 technology is key to innovation in the Bitcoin ecosystem, enabling more efficient transaction processing and lower transaction costs to attract more users and applications. They also highlighted the challenges and issues facing Layer 2 technology, such as security, privacy protection, and interoperability.

Roundtable 3: Exploring Institutional Investment Strategies in the Bitcoin Ecosystem

 Hosted by Jademont, Founding Partner of Shuidi Capital and Partner of Satoshi's Lab, the discussion involved Rebecca Chow, Director of Investment Research at ViaBTC Capital, Albert Liang, Founder and CEO of Bitcoin Startup Lab, Xmei Lin from PoW Ecosystem at BITMAIN, and Roy Kwan, Managing Director at Cantor Fitzgerald. The guests engaged in a deep discussion on how institutions can invest strategically in the Bitcoin ecosystem, sharing their viewpoints and experiences. They believe that institutional investors play a crucial role in the development of the Bitcoin ecosystem. By formulating appropriate investment strategies and risk management measures, they can drive widespread adoption and development of Bitcoin while achieving their investment goals.

As Bitcoin Devcon progresses, prominent Bitcoin Layer 2 projects' ecosystem projects have appeared in hackathon competitions, showcasing their innovative technologies and solutions.

AINN Layer2 Ecosystem Project Teams

1. AINNGPU

The AINNGPU team presented their main work at the hackathon competition: providing an elastic computing power network. With the increasing demand for GPUs in AI, especially in inference, AINNGPU collects various idle computing power to form an elastic computing power network to meet the needs of projects or users. Compared to other computing power providers on the market, AINNGPU's computing power is carefully selected, with a preference for GPUs near users to ensure service quality and efficiency. Additionally, AINNGPU collaborates with the ecosystem project "Ain Hider" to generate NFTs from uploaded photos and publish them on the chain.

In terms of architecture, AINNGPU is divided into three layers: the user layer, the data exchange layer, and the genetic equation concept layer. The user layer is responsible for receiving various user applications; the data exchange layer matches user needs; and the genetic equation concept layer involves the transmission, monitoring, and operation of AI models. When users use the service, AINNGPU selects the optimal node based on the demand to provide services to users.

2. Sweety AI

The Sweety AI team showcased a platform that combines AI and blockchain, offering a new experience of interacting with personalized AI companions. Users can forge an AI girlfriend, earn more Sweety points with more interactions for further interactions or transactions. The introduction of the NFT mechanism allows users to convert interactions into valuable assets and participate in the NFT market. The platform utilizes advanced technology to ensure consistent AI responses and deep reinforcement learning. It demonstrated an AI platform full of innovation and potential with broad prospects for the future.

3. Camelot Protocol

The Camelot Protocol team, in their presentation, stated that they are building a robust and reliable ecosystem. Despite recent fluctuations in the prices of major cryptocurrencies, even experiencing declines at times, they believe this does not negate the value of the entire cryptocurrency market. While some claim that Bitcoin does not need an ecosystem, they still see significant potential in the cryptocurrency market as a whole.

The Camelot Protocol team is dedicated to developing a platform for training AI models using idle GPU resources, suitable for mobile devices or other variable devices, and running within the Bitcoin ecosystem. As one of the early third-layer solutions in the Bitcoin ecosystem, they support various changes and introduce an innovative Satoshi consensus mechanism.

Specifically, the Satoshi consensus mechanism combines staking assets within the Bitcoin ecosystem and Proof of Work (PoW) for providing AI computing capabilities. Staking services (PoS) allow users to bind assets with the Bitcoin ecosystem, including Bitcoin itself and other derivative assets like soft Bitcoins. This mechanism provides users with the opportunity to convert brief interactions into valuable assets.

CKB Ecosystem Project Teams

1. UTXO Swap

The UTXO Swap team introduced their project UTSO swap, based on the Cell model, utilizing UTSO's Turing completeness, restriction clauses, and transaction types to achieve liquidity. They chose UTSO to explore application design and expressive capabilities, integrating off-chain matching and on-chain settlement mechanisms. The goal is to provide better trading and issuance services for RG family assets, leveraging UTSO's parallel execution and transaction fee setting features. In terms of design, the team uses restriction clauses to express user intent and ensures AMM calculation accuracy through transaction types. Finally, they unify settlement on-chain using an off-chain liquidity matching system. In summary, they emphasized the advantages of UTSO and how to leverage it to provide quality services for assets.

2. Stable++

Representative Benjamin from Stable++ briefly introduced their project at the event. They are building a decentralized stablecoin based on the RGB++ protocol, pegged to the US dollar, to serve the entire Bitcoin ecosystem on the Nervos network. Benjamin pointed out the crucial absence of stablecoins in the current large coin ecosystem, emphasizing the importance of stablecoins for ecosystem growth. Therefore, Stable++ aims to launch a decentralized stablecoin USD PP pegged to the dollar to meet the needs of the UTXO ecosystem. He briefly described the technical design of the project, including issuing stablecoins based on RGB++ and utilizing the Nervos network's extended UTXO network for full collateralization and liquidation functions. Finally, Benjamin invited interested individuals to follow their Twitter account for more details and experience the demo that has been launched.

3. Unistate

The Unistate team took the stage to introduce their project—a universal indexer framework focused on the Bitcoin ecosystem, akin to Ethereum's Graph Alchemy. The framework is a distributed indexing service aimed at addressing the infrastructure gaps in application development within the Bitcoin ecosystem. Due to the UTXO data structures of Bitcoin and CKB, which are fine-grained data structures, developers need an aggregated application view to obtain comprehensive data when developing applications. Therefore, indexers become crucial in the application development process for CKB and BTC, supporting UTXO graph queries and various associative queries to accelerate the development process of Bitcoin ecosystem applications. Additionally, the framework aims to standardize different lock periods, allowing protocol developers to easily create and deploy their lock periods, thereby accelerating wallet,交

The data integration process in scenarios such as exchanges, social platforms, and NFT applications. Unistate provides a specialized solution for the Bitcoin ecosystem. **BEVM Ecosystem Project Team** **1. Bido Finance** The Bido Finance team presented their technical principles and hackathon design at the afternoon meeting. Bido Finance is a decentralized liquidity staking protocol in the BM ecosystem, issuing innovative wild PSP BTC through staking to provide liquidity for stick BTC assets. The ecosystem includes stick pressers, Bido smart contract assemblies, and node operators. The Bido protocol operates a leading multi-validator node group in BM to prevent single failures, simplify node deployment and monitoring. Validation nodes perform consensus-related tasks in BM, generate blocks and bid transactions, which are also a source of Bido's revenue. The entire protocol is governed by DAO, including key decision-making, parameter deployment, and selection of node operators. In addition, the Bido team also introduced their hackathon design, including a decentralized cross-year bridge based on Bitcoin's master design, as well as basic designs to prevent replay and double spending, such as using unique identifiers to mark transactions, introducing time windows, and block confirmations. **2. oooo Protocol** The oooo Protocol team introduced their product aimed at enhancing interoperability and composability in the Bitcoin ecosystem. They identified fragmentation issues among assets on L1, L2, and between L2s, leading to high friction and low speed in cross-chain activities. They aim for users to manage all assets in a unified asset abstraction layer without considering inter-chain differences. The team proposed to build an interoperability layer and abstraction layer to ensure minimal friction and high transaction speed, and ensure communication reliability through a cross-chain communication protocol. They plan to collaborate with partners to achieve a decentralized messaging layer and build an intelligent routing layer to determine asset sources and target chains based on chain PS, congestion levels, and asset balances. Finally, they showcased the design of the asset abstraction layer, achieving a smooth user experience through dress mapping and unified identification, providing SDKs for developers to simplify integration with various public chains. **3. Satoshi Protocol** Ray, representing the Stoshi Protocol team, introduced their project. Stoshi Protocol is a CDP stablecoin protocol based on the Bitcoin ecosystem, allowing users to issue stablecoins using their Bitcoin. The protocol aims to transform Bitcoin from idle assets into trading tools, becoming a crucial infrastructure and engine in the Bitcoin ecosystem. With the Bitcoin season approaching and the market capital continuously expanding, many Bitcoin projects are being launched. Stoshi Protocol chose to launch on BBM first because BBM prioritizes technology and security. They adopt the CDP model, collateralizing debt positions rather than centralized stablecoins or algorithmic stablecoins, as the latter may face instability. Additionally, they have established a cross-chain bridge for stablecoins, allowing them to be used not only on the Bitcoin layer but also on other chains. **Bitlayer Ecosystem Project Team** **1. APRO Oracle** APRO Oracle is an innovative system designed to create stablecoins and build bridges to the Bitcoin mainnet. It ensures the security and authenticity of price information through a two-step price aggregator while minimizing operational costs. The system also utilizes socket noise to generate random numbers, providing random services for various projects and ensuring network security and reliability through a dual-layer network. Currently, APRO Oracle has established systems on Bit Layer Lynching and IPQ, and plans to develop an Oracle on Safety compatible with UGX0. As the first system dedicated to the Bitcoin ecosystem, APRO Oracle demonstrates its unique value and potential in the digital currency field. **2. iSwap** The iSwap team continued to introduce their project, providing liquidity for the Bitlayer cost system and offering investment and cash tools for numerous projects. They have three main reasons for doing so. Firstly, as long-term investors who have invested in 150 companies and top global funds over the past 15 years, they found that SWA is crucial for every ecosystem. Therefore, they provide liquidity for traditional markets and the Solana ecosystem, and will also provide liquidity for multiple L1 and Bitcoin ecosystems this year. Secondly, they see the Bitcoin system as a huge opportunity because more people believe that there is too much friction and high gas fees between different layers, leading more projects to turn to the Bitcoin system. Lastly, they have invested in many projects with Bitlayer founders, including Charlie, and believe that the clearing and exchange systems, as well as collateral and derivative systems established by Bitlayer, present a significant opportunity. They believe that as more projects join, liquidity here will be very active. **3. Pika** Adele, representing the Pika team, introduced them as the first launchpad on Bitlayer, dedicated to helping new projects or startups grow. Bitlayer enhances the utility of Bitcoin, making it a usable network rather than just an investment or digital asset. As a comprehensive service provider, Pika offers support for projects in incubation, fundraising, token listing, backend services, and community development. They collaborate not only with others in the room but also have their own community, currently with around 20,000 followers in Asia. Pika Coin itself also has some unique features. **BITLAYER Ecosystem Project Team** **1. BitParty** BitParty is building the first asset gamified community network in the Bitcoin ecosystem to drive larger-scale asset gamification. Based on the BITLAYER platform, the project integrates racing culture elements and launches the TOKEN rally race "Toxibadi". Players can join different asset legions, compete for territories to earn points, and exchange Token BDBX. Points are influenced by various factors, including TVL, transactions, prices, and legion addresses. Most notably, the project supports various FP and NFT, allowing players to join legions through simple operations. NFTs are transformed into skill cards, providing different skills, with the core skill ultimately selected. The TOKEN rally race is set to be deployed and expected to go live in May or June, looking forward to player participation. **2. Laming Finance** Nary, the founder and CEO of Laming Finance, has been serving as a DeFi builder and trader on-chain since 2020. With a background as a product manager in Silicon Valley and multiple successful exits, he later joined Crad 5 to lead and drive private activities. However, he grew tired of traditional finance, finding it too slow. Despite this, the experience made him realize the importance of decentralized finance and trustless infrastructure. Therefore, he quit his job last year to focus on building DeFi and Bitcoin DeFi, assembling a team of crypto natives from the world's largest exchanges with over 20 years of DeFi and CeFi experience. Laming Finance aims to power Bitcoin DeFi by enhancing interoperability, bringing a seamless experience. Currently, there are over $1 trillion in Bitcoin market applications waiting to be unlocked and deployed across the entire DeFi ecosystem. In the past 30 days, the flow from EVM and non-EVM to Bitcoin Alt2s has exceeded billions of dollars, indicating that the Bitcoin DeFi market is still in its early growth stage, with many different Bitcoin Altis lacking interoperability, leading to liquidity fragmentation. With service upgrades, hundreds or even thousands of new chains may come online in the future, further exacerbating liquidity fragmentation issues. Therefore, Laming Finance is dedicated to addressing this issue and providing solutions for the entire DeFi ecosystem. **3. Quantytica** The Quantytica team introduced their project—a one-stop Blockchain solution platform or aggregator supported by the Finnish government. In the blockchain ecosystem, many novice or institutional users face difficulties in choosing stable and secure projects. Quantytica found that users have a high learning curve, reducing the adoption rate of technology. They use an LSM AI model combined with backtesting used by the Jiangsu Bank and on-chain real-time simulation framework to help users with project audits, comparisons, and profit analysis, then build the best routes for users. Whether users want short-term operations, cross-chain activities, or long-term investments, Quantytica provides strategies through intelligent routing. In the first phase, they offer intelligent routing for users to automate participation; in the second phase, they will open risk management and real-time simulation frameworks for user participation; in the third phase, users will be allowed to create their own intelligent routes. In conclusion, Quantytica aims to reduce user uncertainty and risk in choosing projects through AI analysis and route integration, enabling them to automate operations across the entire blockchain ecosystem. **Merlinchain Ecosystem Project Team** **1. iORACLE** Kayla, representing the iORACLE team, introduced iORACLE as a programmable, decentralized computing network that runs blockchain indexes on low-frequency networks to build a high-performance, highly secure oracle. The framework developed by the team allows Bitcoin's blockchain indexes to run on user phones, computers, routers, or even Raspberry Pis, providing a programmable layer for developers to deploy their protocols and programs. In the Bitcoin ecosystem, iORACLE is suitable for building the indices needed for new protocols and supporting interactions with other protocols. iORACLE aims to be a decentralized, open oracle infrastructure, reducing friction in blockchain data flow. Its applications are diverse, such as building decentralized indexing services and providing modular services for well-known Layer 1 protocols. Additionally, the framework can be used for any blockchain. In the Merlin ecosystem, iORACLE provides deterministic database outputs and supports the use of smart contracts and DApps. The team also showcased transaction indexing and calculation demos made for Merlin and plans to provide more product design introductions tomorrow. In summary, iORACLE aims to offer solutions for the entire DeFi ecosystem through AI analysis and route integration, reducing user uncertainty and risk in choosing projects, and enabling them to automate operations across the entire blockchain ecosystem.ACLE plays a crucial role in the Bitcoin ecosystem, providing developers with a flexible and secure computing network. **BOB Ecosystem Projects** **1. Mosr People** The Mosr People team's presentation focused on addressing the issue of insufficient memory in mobile phones and computers. They proposed a decentralized network storage solution where users can purchase devices similar to hard drives to place at home, utilizing excess space through home network sharing. Files are hashed and uploaded to the chain, allowing retrieval of files with the same hash value from the service area, enabling global access and sharing at any time. By using IPV6 technology and leveraging home broadband for upstream data, they aim to solve the problem. They also integrate external blockchain technology to assist others in accessing data and earning commissions. Additionally, Mosr People offers encrypted note-taking functionality, where only the user can view the content, and the uploaded content is encrypted. They plan to upload file hashes and encrypted note content to the blockchain and write contracts for users to access. In summary, Mosr People aims to provide decentralized, secure, and convenient storage services. **2. Buddy Guard** The Buddy Guard team introduced their project, aiming to provide social support and security for digital nomads in real life. Through unique website technology and secure tracking features, users attending website meetings can choose familiar individuals to provide security while protecting personal privacy. In emergencies, private information is encrypted and released to those in need of support. They also offer other social support features such as limited hangouts, zero-knowledge proof-based hangouts, and applications combined with real-life social graphs. In conclusion, Buddy Guard aims to provide users with more comprehensive social support and security through technological innovation. **3. SUPA** The SUPA team introduced their project, SUPA, a BTC-based portfolio tracker. They mentioned that SUPA will combine Magic Eden's NFT trading and other features, along with Zapper's decentralized finance (DeFi) and inactive portfolio management functions, to provide users with a comprehensive portfolio tracking platform. They plan to initially build and launch this platform on BOB and CKB, continuously improve functionality and enhance user experience, and integrate more assets and analysis tools. They aim to become the most efficient and cost-effective portfolio structure, contributing to the NBC ecosystem. They have completed interface and prototype development, showcasing the initial design of the portfolio management page. Finally, they announced the upcoming launch of a complete tracking platform in the short term and long-term dedication to supporting and expanding SUPA's functionality. **Botanix Ecosystem Project** **1. Botanic Club** The Botanic Club team introduced their project - Ancestor Snowsliders. They pointed out that most current map features are image or statement-based, lacking long-term value. In contrast, their project integrates traditional Asian cultural elements, especially Chinese ancestral worship culture. They mentioned the traditional practice of "burning paper money," emphasizing its respect for ancestors and its place in Chinese and other Asian cultures. While a similar project briefly appeared on Solono Champs before, it did not continue due to a lack of long-term value and deep cultural considerations. Botanic Club aims to name and give complete strategy and meaning to this tradition, making it a project with long-term value. They plan to create a social game combining Chinese cultural elements, allowing users to experience and participate in worship activities, offering blessings and respect to ancestors. **2. Bitperp** The Bitperp team introduced their project, a next-generation tool for rune traders. They highlighted the challenge facing current rune trading in efficiently completing transactions within a limited time and the need for a leverage mechanism to attract more traders. They believe that with the continuous expansion of the ERC and BRC markets, rune trading has enormous potential. The team primarily targets the Asian market, as the region has significant potential in terms of liquidity, especially in China and Southeast Asia. Despite existing competitors in the market, they plan to integrate major L2 platforms into their tool to provide a better user experience. They mentioned that current trading tools in the market mainly support spot trading, while their tool will support leverage trading to meet traders' needs. At the conclusion of the Bitcoin Devcon ecosystem project hackathon, a meticulously prepared VIP dinner officially kicked off. This was not just a simple celebration dinner but also a recognition of past achievements and a glimpse into the future. The dinner was sponsored by exSAT, the docking layer project expanding the BTC ecosystem. This sponsorship not only reflects exSAT's deep involvement and support for the Bitcoin Devcon event but also demonstrates its firm determination in promoting the development of the Bitcoin ecosystem. The atmosphere at the dinner was lively, with guests exchanging insights and sharing experiences, collectively strategizing for the prosperous development of the Bitcoin ecosystem. It was not just a dinner but a collision of ideas and emotional exchanges. It marked the successful conclusion of the first day of Bitcoin Devcon activities and foreshadowed a brighter future for the Bitcoin ecosystem, looking forward to Demo Day tomorrow.