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UXUY tells the story of the Bitcoin ecosystem builder.

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Co-founder Jordan of UXUY gave a speech titled "UXUY Connecting Bitcoin and BNB Ecosystem" during Binance Blockchain Week.

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Source: UXUY

The Binance Blockchain Week 2023 was held in Istanbul, Turkey on November 8th and attracted nearly 10,000 attendees from the cryptocurrency community. This year's blockchain conference brought together global influencers, traders, founders, institutional investors, regulators, and innovators to discuss the theme of "the next billion".

Binance founder CZ delivered a wonderful keynote speech, resonating with the essence of blockchain revolution potential. UXUY, incubated by Binance Labs, was invited to attend, and UXUY co-founder Jordan delivered a speech titled "UXUY Connects Bitcoin and BNB Ecosystem", adding a unique perspective to the conference.

As a crossroads between the East and the West, Istanbul has become a center for discussing the future of blockchain technology. Participants have conducted comprehensive explorations, committed to expanding the application scope of blockchain and cryptocurrency, and exploring the impact of the future development of Web3 on new and old users.

CZ: Bitcoin halving will occur in five months

On November 9th, CZ delivered the closing speech of Binance Blockchain Week. He said, "I believe that Bitcoin halving will happen within five months, and then we'll see what happens. Also, ETFs should be approved soon. This could have a huge impact on institutional adoption of cryptocurrencies, and could bring a lot of funds to the cryptocurrency market. These things could happen, whether we are ready or not."

CZ explained the relationship between Bitcoin halving and price in his speech. He said, "I think this is very important and influential, but it should not be seen as an event that will happen overnight. Bitcoin halving will happen overnight, but we have already seen three such cases in the past: the price did not double overnight on the second day after Bitcoin halving. People have many expectations for halving and historical expectations. After halving, there were multiple historical highs in the following year. But history cannot predict the future. People should regard Bitcoin halving as a specific major event. In a sense, it is influential. However, the price will not double overnight, but in the following year, people will realize that the new supply of Bitcoin has been reduced by half. The mining cost remains the same, so miners will not be willing to sell new Bitcoin according to the law. They will sell the minimum product to maintain operating costs, but the rest will be reserved until they obtain considerable profits. Therefore, although the price of producing something should not determine the selling price, it will indeed have a psychological impact, and there will be more demand entering this industry. I do think that the demand for cryptocurrencies will grow exponentially. So I think this is a very important event in terms of the meaning of Bitcoin halving, but don't expect the price to double on a specific day overnight. However, we will see many different things happen in the following year."

Jordan: UXUY is Building the Bitcoin Ecosystem

Before CZ's speech, Jordan, co-founder of UXUY, gave a speech titled "UXUY Connects Bitcoin and BNB Ecosystem" to the guests attending Binance Blockchain Week, telling the story of UXUY as a Bitcoin ecosystem builder.

UXUY launched the Bitcoin Layer2 plan - "UXUY Struck by Lightning" in 2023, becoming the world's first DEX to implement Lightning Network nodes and open them to the entire ecosystem. On the day Taproot Assets was launched on the Bitcoin mainnet, TAPROOT, an ecological incentive token, was successfully minted to encourage users to use the Lightning Network, hold and trade Taproot assets.

As an active Bitcoin Builder, UXUY has been continuously involved in contributing to the Lightning Network code and has submitted multiple bug fixes to the Lightning Network Lab, receiving high praise from the developer community and becoming an outstanding contributor. On November 8, 2023, UXUY officially launched the Universe service, becoming the second service provider in the world to operate Universe after the Lightning Network Lab. With the launch of the Universe service by UXUY, the Taproot Assets protocol is officially pushed to Multiverse Mode, which is an important feature of Taproot v0.3. This will provide complete asset information and asset holder proof, as well as all the data needed for developers to update Taproot Assets.

At the scene, Jordan also demonstrated how UXUY connects BNB Chain and other EVM ecosystems with BTC, using the efficient, low-cost, and secure features of Lightning Network and Taproot Assets protocol, greatly improving the user's trading experience.

Jordan said: "The UXUY Struck by Lightning project has no end and will continue to build the Bitcoin ecosystem infrastructure, promoting the development of Lightning Network and Taproot Assets. Looking forward to working with more and more Bitcoin builders to Make Bitcoin Great Again!"

About UXUY

UXUY is a next-generation decentralized multi-chain trading platform incubated by Binance Labs based on MPC&AA wallets. Upholding the concept of "Your Crypto, You Control", UXUY actively participates in the Bitcoin Layer2 ecosystem construction. UXUY provides traders with instant cross-chain trading services for digital currencies and encrypted assets between public chains. Currently, it has access to public chains and Layer 2 such as Ethereum, BNB Chain, Polygon, Tron, Optimism, Arbitrum, Avalanche-C, Fantom, Linea, and Base. By establishing "intent-centered" social trading functions, creating liquidity pools centered on "stablecoins", and providing a universal Gas solution GasPool, UXUY provides users with a trading experience similar to CEX. UXUY is committed to helping users "Follow the Smart Money" and significantly reducing the threshold for on-chain social trading.

About Binance Blockchain Week

Binance Blockchain Week is not just a conference, where traders, founders, institutional investors, regulators, global officials, and innovators gather to explore and shape the future of blockchain technology.

The 2023 Binance Blockchain Week will be held in Istanbul, the capital of Turkey, to explore how blockchain and cryptocurrency can provide economic support for another billion users worldwide. As a leading force in the Web3 field, Binance is committed to accelerating the adoption of blockchain technology globally and helping users keep pace with the rapidly developing industry.