In 2008, the bankruptcy of Lehman Brothers, the then fourth-largest bank in the United States, sparked a global financial crisis and imposed immense pressure on the global economy. This incident also exposed the vulnerability of the modern financial system. With the in-depth development of the Internet at that time, Satoshi Nakamoto proposed a revolutionary concept called Bitcoin, which gave birth to a novel financial technology system based on code. It also changed the life trajectory of Haipo Yang, the founder of ViaBTC.
Origin of ViaBTC
After the Genesis block was mined in 2009, the Bitcoin network rapidly caught on within a community of geeks. Among the first to come into contact with this new concept, Haipo Yang, who has a strong technical background, recognized the technical potential of Bitcoin. He was also fascinated by the idea of facilitating industry progress by lowering the threshold of technical development via open-source coding. Besides greatly saving time for development, it can also provide ample learning opportunities. After realizing that this positive feedback loop in the industry would lead to rapid growth, he started to learn more about Bitcoin and the underlying blockchain technology.
To know better about Bitcoin, Haipo Yang started to run Bitcoin nodes by himself and joined in the construction of the Bitcoin community in 2013. As he dived deeper into Bitcoin and blockchain, he gained more insights into the industry. Beyond the technical aspect, Bitcoin emerged as a vital disruptive innovation that would transform the financial system. The crypto market operates differently from the regulated traditional finance. The code-governed market has the potential to revolutionize the relations of production.
Embracing the revolution, Haipo Yang decided to fully devote himself to the crypto space. At that time, the blockchain industry was in its infancy, and many technologies and products were far from mature. Planning to better maintain the BTC network via a mining pool, he completed the entire coding of ViaBTC Pool within two months. Meanwhile, having attracted numerous users with the lowest orphan rate and the innovative payment PPS+, ViaBTC soon became one of the top five BTC mining pools and has maintained its presence over time.
ViaBTC: Become the Infrastructure of the Blockchain World
Despite the remarkable success, ViaBTC never ceases to forge ahead. In order to provide comprehensive services and realize the vision of “Becoming the Infrastructure of the Blockchain World”, ViaBTC has expanded its horizons beyond the mining pool and focused on ensuring security technology and delivering high-quality product experiences. These efforts have paid off as ViaBTC has set up a complete ecosystem that includes ViaBTC Pool, CoinEx Exchange, ViaWallet, CoinEx Smart Chain (CSC), OneSwap (a decentralized exchange), and ViaBTC Capital, making itself one of the companies with the most extensive business layout in the industry.
Relying on its six core business segments, the ViaBTC team has built an all-inclusive blockchain ecosystem that spans the issuance, circulation, application, and value discovery of cryptos, as well as the underlying technology of blockchain. To drive the growth of the entire industry, it also empowers excellent projects with relevant resources.
For example, miners can withdraw their earnings with zero fees to their CoinEx accounts for trading or to their ViaWallet accounts for storage. On ViaWallet, users can experience decentralized applications such as OneSwap on CSC. ViaBTC’s mature and open ecosystem also ensures a seamless and user-friendly mining experience.
ViaBTC: Via Blockchain, Making the World a Better Place
The traditional financial system operates in a top-down manner, setting up high entry barriers in financial products to create class divisions. However, with the advancement of Internet technology, the decentralized financial system, based on consensus mechanisms and smart contracts, takes a bottom-up approach. In this system, the codes of projects and applications are open-source, on-chain data is more transparent, and transactions are conducted more freely. This makes for a trading environment that is more trustworthy, transparent, open, and equal for everyone.
Since its inception, ViaBTC has been dedicated to innovating financial technology, aiming to become a crypto gateway for more users with its low-barrier, user-friendly products. Through blockchain technology, it strives to introduce every user worldwide to a more free and equal Internet and financial environment. In a world without centralized monopolies, everyone has an opportunity to enhance his or her social and economic status.
Amid the rise and fall of numerous projects in the crypto industry over the past 7 years, ViaBTC has remained committed to pursuing ultimate products, offering ordinary users easier access to the crypto world and helping more people enjoy the benefits brought by crypto technology. That manifests ViaBTC’s mission of “Via Blockchain, Making the World a Better Place” and also its innovative effort to break the barriers of traditional finance.
