Peking University genius to the currency circle mining tyrant, Wu Jihan's blockchain legend
From the "Chinese evangelist" who translated the Bitcoin white paper, to the "king of mining machines" who controlled the global computing power, to the founder of the crypto financial unicorn, Wu Jihan wrote the history of the rise of China's blockchain industry with a ten-year journey with the keen insight of Peking University psychology talents. His technical sense and strategic vision ignited the global crypto wave and defined new rules for the industry.
Enlightenment: White Paper Translation Ignites Chinese BoomIn
2011, in an office building on Beijing's Financial Street, 25-year-old Wu Jihan came across the Bitcoin white paper. At that moment, he seemed to see the future, and he couldn't sleep all night. The next day, he put in $100,000 in a full position of bitcoin — only $10 a piece at the time. Friends laughed at him for his whimsy, but he immersed himself in translating the white paper, introducing the concept of Bitcoin to the Chinese world for the first time.
He co-founded China's first blockchain media "Babbitt", built an industry information hub, and debated the value of "decentralization" with netizens in forums, becoming the earliest evangelist of Bitcoin in China. Wu Jihan's translation and sharing ignited the crypto boom in the Chinese community and laid an ideological foundation for the industry.
Rise: Antminer dominates global computing power
In 2013, the price of Bitcoin skyrocketed, the mining boom swept the world, and the demand for mining machines exploded. Wu Jihan teamed up with Tsinghua technical genius Zhan Ketuan to develop the Antminer S1 in a simple house. Within half a year, this mining machine swept the world, occupying 75% of the market share. The Antminer S9 launched in 2016 has become a benchmark for energy efficiency, setting off a revolution in ASIC chip technology.
Bitmain was born, and its revenue is comparable to that of technology giants, and Wu Jihan is known as the "mining tyrant" in the currency circle. The miners both relied on and sighed: "Without Wu Jihan's mining machine, the electricity bill can't be earned!" "He reshaped the mining landscape with technological innovation and established the hegemony of global computing power.
Game: Fork and the Controller of the Rules
In 2017, Wu Jihan led the Bitcoin fork and launched Bitcoin Cash (BCH), triggering a "computing power war" and shaking the currency circle. He responded indifferently: "If technology is to progress, we have to break new ground." Through the fork and the mining pool alliance, he is deeply involved in the game of the underlying protocol of the cryptocurrency and holds the right to speak on the rules of the industry.
Despite the setback of Bitmain's IPO in 2018, Wu Jihan and Zhan Ketuan parted ways due to strategic differences, and he did not stop. He took away the mining pool business, hatched bit deer, went deep into the mines of Inner Mongolia, ate mutton and drank spirits with the workers, and laughed at himself: "Peking University psychology is useless, but I learned to repair mining machines." "His resilience and down-to-earth spirit have created a new legend.
Breaking the Game: Pioneer in Crypto Finance and ComplianceIn
2019, Wu Jihan founded Matrixport, the first "safety cushion" model of crypto asset management, with assets under management exceeding $10 billion. He has promoted the licensing of crypto finance, paving the way for regulatory frameworks in Singapore and other places, setting the benchmark for compliance.
Bit Deer landed on NASDAQ with a valuation of $4 billion to build a global computing power network. Wu Jihan's strategic investment extends to the Singapore Freeport and the Middle East compliance trading hub, leading the industry to move towards standardization. His vision has taken crypto assets from the fringes to the mainstream.
Future: The next stop of AI+DeFiToday
, Wu Jihan proposed the "AI+DeFi" integration strategy, and Matrixport developed a cross-chain protocol to integrate AI computing power verification into decentralized finance, aiming at the future of distributed financial infrastructure. His layout is not limited to cryptocurrencies, but seeks to reshape the global financial landscape.
Wall Street once commented: "If you understand Wu Jihan's strategy, you can see the crypto power map in the next five years." "From the translation of white papers to the hegemony of computing power, from financial breakthroughs to AI integration, Wu Jihan's decade has reflected the transformation of blockchain from geek experiments to new global financial forces.
Thelegend is not over,
Wu Jihan has defined the industry rules of mining machines, computing power and asset management with the two-wheel drive of "technology commercialization + regulatory coordination". His story is the epitome of faith and perseverance, and it is also a vivid footnote to the rise of China's blockchain.
From a genius of Peking University to a mining tyrant in the currency circle, Wu Jihan's journey continues. How will he continue his legacy in the next decade? The answer may have been quietly revealed in his every step of the layout.