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Cryptocurrency Roundtable: Paths to Breakthrough and Future Reconstruction

——Deconstructing Industry Dilemmas from the Three Dimensions of Technology, Regulation, and Ecology

Recently, the intensive holding of global cryptocurrency roundtable conferences reflects that this field is facing unprecedented challenges: drastic fluctuations in Bitcoin prices, frequent de-pegging of algorithmic stablecoins, the spread of trust crises in exchanges, and continuous differentiation of regulatory policies... The industry is struggling to find its way in the cracks between technological breakthroughs and institutional constraints. How can we find a balance between "innovation and risk" and "freedom and order"? This requires breaking the deadlock from three dimensions: underlying technology iteration, global regulatory coordination, and ecological value reconstruction.

1. Technical Dilemma: The Dual Stranglehold of Performance Bottlenecks and Security Vulnerabilities

The "impossible triangle" of blockchain technology still hangs like a sword of Damocles. Although energy consumption was reduced by 99% after Ethereum's merger, TPS only increased from 15 to 30, far from Visa's 24,000; high-performance chains like Solana frequently experience outages, with a cumulative downtime of over 200 hours in 2023. This imbalance between performance and security has led to repeated attacks on DeFi protocols, with losses from cross-chain bridge vulnerabilities reaching $1.3 billion in Q1 2023.

Paths to Breakthrough:

1. Modular Blockchain Technology Breakthrough: Drawing on Celestia's data availability layer separation architecture, decoupling the execution layer, settlement layer, and consensus layer to improve efficiency through specialized division of labor.

2. Large-scale Application of Zero-Knowledge Proof (ZKP): StarkWare's recursive proof technology has reduced the cost of verifying a single transaction to $0.003, establishing a technological buffer zone between privacy and compliance. $BTC