TRON 4.0 Online Conference: Alicia Kao — Senior Partner of KuCoin: Exchange and Chain Conflation

>> Angela: How will crypto exchanges support the new feature covered in TRON 4.0 Great Voyage? How to integrate? How can we apply new features to better serve the users? What is the relationship between exchanges and public exchange? Next up, we have Alicia, senior partner of KuCoin will give a presentation. Welcome, Alicia Kao!

>> Alicia Kao: Hi! This is Alicia. I’m senior partner of KuCoin. I am going to talk about our own public chain, KuCoin. I’m going to introduce you KuCoin, a bold thinker, rational doer, a realist building ideal decentralization.

So the first question came to me mind when I got the topic, exchange and chain, conflation and upgrade. How should I structure my speech, rather, is it really necessary to conflate the exchange and chain? My answer would be yes! Decentralization is inevitable. It’s the space shared by the whole industry including us as well as many other centralized exchange peers.

However, how much does the public chain need exchange? Well, exchange is the most resourceful participants in the industry. Us, as an example, we connect hundreds of projects. We see DApp developing capacity. We also have millions of potential users for the apps so it’s the best for the chain ecosystem.

So you tell me, if the chain needs exchange or not? When should or shouldn’t is no longer the question. Timing matters. It’s now or never. So decentralization is inevitable. We can see this slide. Potential of the market, the outsiders, they owe money. The traditional financial institutions, nobility increases indicated by not just growing interest but also their accelerating. There are obstacles for the current last decentralization crypto world to old money. So here are at the main ones. Compliance. Regulatory cannot only filter out the potential moral hazard and illegal behaviors but can also uphold justice afterwards. They need a guarantee.

The second one, the security risk. I used to be asked bien vestment banker with a question I found quite disturbing. The first one, when is the last time a national exchange got hacked? And then, when was it for crypto exchange?

So the third one will be liquidity. Taking Hong Kong stock exchanges as an example. We are just not a joint board. It records averagely, 70 billion U.S. dollars of daily trading volume. Well, you might just want to check the top exchange together. This is a bumpy path to the crypto world that is traditional financial population index. Thus, we should march forward dauntlessly but not mindlessly. How come we haven’t seen real mass adoption to incorporate with traditional financial institutions requirements? It has been over ten years since Bitcoin birth. For quite a while I have seen a fever for making public exchanges impossible.

Fundamentalist are obsessed with scalability, security and for decentralization being an integral which ideally should be and individually will be but just not yet.

We are realist with rational substitutions and not idealist hoping for a credulous solution. So why us? The chain we are developing is the decentralized financial system focus chain, which adopts POS consensus to guarantee technically fileable economy beneficial mainnet. We plan to launch a network with mainnet four stack layer, zero technology but real economic value to make a simpler. Let’s put ourself in the context of the decentralized exchange.

I assume we all agree on that. If pure technology can address the issue of more risk due to lack of regulatory and authority endorsement. It should be satisfied enough for those who don’t trust centralized institution with their critical assets.

Well, with a strong enough consensus and credible governance mechanism, the chain will be perfectly trustless and rational. Seems the time is up, I have to show the tip to iceberg of KuCoin. No worries for those who are interested in the program. You would be able to not just check open source core, but also start submitting proposals to real life functional requirements to enhance the technology of chain and even further, refine our governance mechanism.

Plus, we are also making theries of AMAs, developers workshops over the coming months both online and offline. So please do stay tuned. Thank you very much! See you later!