Thai princes, generals, and other dignitaries gathered in Bangkok for the grand opening of the JuChain Global Ecological Co-construction Summit

The highly anticipated "JuChain Global Ecological Co-construction Summit" officially kicked off today in Bangkok, Thailand, with the agenda now more than halfway through. Several esteemed political figures, including His Royal Highness Prince Aura Tivagorn, His Royal Highness Prince Wanchai Navara, General Apichai, and General Wacharin Suwaleen, attended the summit, highlighting Thailand's significant emphasis on the development of the emerging digital economy and blockchain technology. This summit gathered industry leaders, technical experts, and investors from the global blockchain field to discuss future trends in the Web3 era and the grand blueprint of the JuCoin & JuChain ecosystem, with particular attention on the official launch of JuChain's first core protocol—Butterfly.

1. JuChain and the Butterfly Protocol: Building a Value-Driven New Ecosystem for Web3

The core topics of this summit revolve around the high-performance public chain JuChain and its ecosystem's first native protocol, Butterfly. JuChain, as a core component of the JuCoin ecosystem, is positioned as a "hub for on-chain traffic" and a "service-oriented public chain." With its innovative JPoSA consensus mechanism (achieving 2-second transaction finality and 1-second block speed), comprehensive EVM compatibility, and extremely low transaction costs starting at 0.001 JU, it aims to provide developers and users with efficient and low-cost blockchain infrastructure.

The Butterfly protocol, officially launched at the summit, is regarded as the economic engine of the JuChain ecosystem and a flagship practice of consensus mechanism innovation. This protocol aims to build a diversified ecosystem driven by the synergy of computing power, traffic, and capital, with its core "Butterfly Morgan Algorithm" and "Bidirectional Conservation Protocol" designed to create a sustainable and high-growth on-chain economic model. Notably, the node subscription for the Butterfly protocol officially started earlier this month, with 3,000 limited slots selling out in just 18 minutes, demonstrating the market's high attention and positive expectations. JuCoin and JuChain jointly announced the launch of an ecological support fund of up to $150 million, aimed at accelerating the expansion of the ecological landscape and the incubation of innovative projects.

2. Thai Officials Attend to Show Commitment to Regional Development

The smooth progress of the summit received high attention and support from senior Thai political figures, with the presence and speeches of several Thai princes and generals becoming a highlight of the event. His Royal Highness Prince Aura Tivagorn, His Royal Highness Prince Wanchai Navara, General Apichai, and General Wacharin Suwaleen all congratulated the summit's convening and expressed high hopes for JuChain and the Butterfly protocol.

In his speech, Prince Aura pointed out that the world is entering the "Digital Economy 2.0" era, and the Thai government has incorporated the digital economy into its national development blueprint while continuously improving regulatory and incentive policies. He believes that the launch of JuChain and its Butterfly protocol is significant for improving on-chain computing power distribution and enhancing multi-party collaboration. Prince Wanchai emphasized that the wave of digitalization is an important dimension of national competitiveness, and the Butterfly protocol provides new ideas for "decentralized computing power sharing" and "value co-construction." Both General Apichai and General Wacharin stated that the Thai government places great importance on the digital economy trend represented by blockchain and is committed to creating an open and inclusive environment for technological innovation, looking forward to JuChain and Butterfly providing new practical cases for on-chain infrastructure, asset digitization, and cross-border collaboration. The speeches from the dignitaries not only conveyed Thailand's firm signal of actively embracing blockchain technology and promoting digital economic development but also injected strong confidence into the landing and development of the JuChain ecosystem in Thailand.

3. Looking Ahead from Bangkok: Positive Development Trends of Web3 in Southeast Asia and Globally

The choice of Bangkok as the venue for the JuChain summit, supported by Thai officials, clearly reflects that Thailand and the entire Southeast Asia region are becoming a fertile ground for the development of Web3. Governments around the world are increasingly recognizing the potential of blockchain technology, and relevant regulations and market environments are becoming more friendly and clear. Thailand's incorporation of the digital economy into its national development blueprint and its active promotion of blockchain innovation and industrial applications is a strong testament to this trend.

Globally, with the rise of cutting-edge fields such as AI computing power, decentralized physical infrastructure networks (DePIN), and real-world assets (RWA), Web3 is demonstrating unprecedented vitality. JuChain and its Butterfly protocol have emerged in this context. JuChain, with its high-performance underlying technology and "traffic finance" ecological model, is committed to deep exploration and practice in areas such as DePIN and RWA, empowering real consumption scenarios through technological innovation and providing efficient and secure solutions for the digitization of traditional assets.

The summit is still ongoing, and the subsequent agenda will delve deeper into the ecological construction of JuCoin & JuChain, technical details, and future planning of the Butterfly protocol. With the Bangkok summit as a new starting point, and under the attention of Thai officials and the support of global partners, JuChain, backed by its strong technical strength, innovative ecological layout, and the robust support of a $150 million ecological fund, is set to sail with the Butterfly protocol in the wave of global Web3, with a promising future ahead.