What led Jihan Wu to get involved in the crypto industry ?
Wu’s interest in cryptography and the potential of decentralized systems led him to get involved in the cryptocurrency industry in 2011. He was among the early adopters of Bitcoin and saw the potential of the technology to disrupt traditional finance.
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What was Jihan Wu’s role in Bitmain ?
Jihan Wu co-founded Bitmain with Micree Zhan in 2013 with the goal of creating ASIC miners to increase the efficiency and profitability of Bitcoin mining. As the CEO of the company, Wu was responsible for the overall strategy and vision of Bitmain, and played a significant role in the company’s growth and success.
What impact did Bitmain have on the crypto industry ?
Under Wu’s leadership, Bitmain became the largest supplier of ASIC miners for Bitcoin and other cryptocurrencies. The company’s hardware has played a significant role in the growth and decentralization of the Bitcoin network, and its ASIC miners are used by individuals and large mining operations around the world.
What was Jihan Wu’s stance on Bitcoin scaling ?
Wu was a vocal supporter of the “Bitcoin Unlimited” faction, which advocated for larger block sizes to increase the transaction capacity of the Bitcoin network. This stance put him at odds with other members of the Bitcoin community, including several prominent developers who supported the “Bitcoin Core” implementation.
What is his current involvement in the crypto industry ?
After stepping down as CEO of Bitmain in 2019, Wu has remained active in the cryptocurrency industry. He is a prolific investor and commentator on the industry and continues to advocate for the adoption and development of decentralized technologies.
