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The second day of the conference emphasized developers, following a first day that highlighted institutional providers and traders.
A crowded exhibition area during Consensus Hong Kong (Graham Uden/Consensus modified by CoinDesk)
Key points:
- Consensus Hong Kong wrapped up with over 11,000 participants and a second day that highlighted developers and scaling issues.
- World Liberty Financial, a cryptocurrency initiative associated with President Donald Trump, intends to launch a foreign-exchange platform utilizing the USD1 stablecoin to provide more affordable cross-border transactions compared to conventional remittance services.
- Charles Hoskinson, founder of Cardano, stated that LayerZero will migrate to Cardano and that the privacy-centric Midnight mainnet will launch next month.
- ZkME triumphed at the Consensus PitchFest while FoundrAI secured first place at the Easy A x Consensus Hackathon.
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HONG KONG — CoinDesk concluded Consensus Hong Kong on Thursday with more than 11,000 attendees engaging with exhibitors and speakers.
While the first day was centered on institutional initiatives and professional investors, the second day shifted its focus to developers. Representatives from the Bitcoin, Ethereum, and Solana communities addressed the difficulties of scaling their networks and the necessary tools to accommodate an increasing user base.
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World Liberty Financial, the cryptocurrency initiative connected to U.S. President Donald Trump and his family, is set to develop a foreign-exchange platform named World Swap, which co-founder Zak Folkman noted will focus on international transfers. World Swap will utilize the USD1 stablecoin and will charge less than traditional money transfer services, which can impose fees as high as 10% per transaction.
Binance co-CEO Richard Teng responded to claims that his company had a disproportionately significant role in the liquidation event on October 10, which resulted in $19 billion in liquidations. He asserted that broader market downturns were driven by macroeconomic shocks.
Consensus day two also saw zkME take the title at the Consensus PitchFest and FoundrAI emerge victorious in the Easy A x Consensus Hackathon.
Both events will return on May 5-7, when CoinDesk will host its flagship North American Consensus — this time in Miami.
