TechFlow News, according to Jiemian News, Zhou Xiaochuan, Vice Chairman of the Boao Forum for Asia, said at the 13th Lujiazui Financial Forum that from the original design perspective, cryptocurrencies still have the potential to become useful tools serving the real economy, such as playing a certain role in the payment field. However, early designs had shortcomings—for example, insufficient transactions processed per second, excessive consumption of network resources and computing power, and an overemphasis on decentralization leading to resistance against regulation. Some cryptocurrency participants viewed it as a way to make quick profits, turning cryptocurrencies into digital assets. Now, those aiming to return to the payment sector have missed their opportunity and are no longer suitable for that purpose.
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