1. ARK 币：基于区块链技术的去中心化加密货币，核心聚焦于跨链通信与互操作性，目标是达成不 同区块链网络间数据和资产的无缝传输。 2. 委托权益证明（DPoS）：这是 ARK 币采用的共识机制。代币持有者可投票选举代表节点，也就 是 Delegate。这些代表节点负责验证交易、生成区块，同时能获得区块奖励，兼具效率与去中心 化特点。 3. ARK Core：它是 ARK 区块链的核心底层软件，是维护网络运行的基础架构。涵盖节点同步、交 易验证、区块生成等核心功能模块。 4. 代表节点（Delegate）：由 ARK 代币持有者投票选出，数量固定为 51 个。它们是网络维护节 点，负责处理交易、生成新区块，还能获得 ARK 币奖励。 5. 投票权：这是 ARK 代币持有者的核心权利。持有者可将自己的代币 "委托" 给信任的代表节点， 投票权重与持币数量相关，以此参与网络治理。 6. 跨链桥：作为 ARK 生态的核心功能组件，用于连接比特币、以太坊等不同的区块链网络，实现 跨链资产转移和数据交互，是实现 ARK "互操作性" 目标的关键。 7. ARK 生态系统：围绕 ARK 币构建的区块链生态体系，包含钱包 ...

Core Viewpoint - The recent share purchase by the chairman of Tianji Holdings, Mr. Mei Weiyi, is a strong signal of confidence in the company's future development and a strategic move to enhance investor trust during market volatility [1][3]. Group 1: Share Purchase Details - Mr. Mei Weiyi acquired 1.5 million shares, increasing his total holdings to approximately 2.39% of the company's issued share capital [1]. - The purchase is seen as a direct endorsement of the company's intrinsic value and growth potential, especially during uncertain market conditions [1][3]. Group 2: Strategic Adjustments - The share purchase is part of a broader strategic adjustment aimed at optimizing the company's asset structure and shedding non-core or high-risk traditional business segments [2]. - The company has decided to transfer part of its loan portfolio to an associated director and cease its lending operations, addressing long-standing accounts receivable issues and credit risks [2]. Group 3: Focus on Web3 - Tianji Holdings is pivoting towards the Web3 sector, with its subsidiary Dolphinnode developing comprehensive Web3 infrastructure, including the recently launched Whimland platform, which has reached over 30 million U.S. wallet users [2]. - The chairman's share purchase is interpreted as a vote of confidence in the anticipated success of the Web3 strategy and platforms like Whimland [3]. Group 4: Market Sentiment and Future Outlook - The share purchase serves to stabilize market sentiment and align the interests of key stakeholders with those of minority shareholders regarding the company's future growth trajectory in Web3 [3][4]. - The company is expected to reallocate capital towards enhancing Web3 infrastructure and expanding applications like Whimland, opening significant opportunities for value creation [4]. Group 5: Investor Relations - The voluntary announcement of the share purchase reflects the company's commitment to transparency and adherence to listing rules, aiming to attract long-term value investors interested in cutting-edge technology and growth potential [4][5]. - The alignment of management confidence with strategic direction is crucial for assessing the company's investment value [5].

Group 1 - The rise of digital crypto assets is reshaping the traditional logic of asset issuance and circulation, with key elements such as white papers, smart contracts, and decentralized autonomous organizations (DAOs) embedded in the asset lifecycle [2][3] - Digital crypto assets are defined as value carriers that exist in digital form and circulate within blockchain networks, characterized by decentralization, immutability, and traceability [3][4] - The lifecycle of digital crypto assets includes a complete loop of information disclosure, technical deployment, asset issuance, storage interaction, cross-chain circulation, data support, governance operation, and transaction realization [7][8] Group 2 - Legal definitions of core elements such as white papers, smart contracts, and DAOs are contentious, with varying interpretations across jurisdictions [27][30] - The legal effectiveness of white papers hinges on the authenticity, completeness, and accuracy of information disclosed, with potential liabilities for false statements [16][21] - Smart contracts are recognized as a special form of electronic contracts, requiring compliance with specific legal conditions for validity [17][24] Group 3 - Global regulatory practices vary significantly, with the U.S. and China having distinct legal frameworks governing digital assets, impacting compliance and operational strategies [21][22] - The legal status of DAOs remains ambiguous in many jurisdictions, complicating their participation in civil activities and liability assignments [30][26] - Existing disputes highlight the challenges of cross-border jurisdiction and legal conflicts, particularly in cases involving decentralized technologies [28][29] Group 4 - Compliance pathways for industry participants include adhering to established guidelines for white papers, ensuring technical safety, and clarifying governance rules within DAOs [31][32] - Legislative efforts are needed to create a structured regulatory framework that categorizes digital assets and clarifies the legal attributes of core elements [32][33] - The interaction between technological innovation and legal regulation is crucial for the healthy development of the digital crypto asset industry [33]

Group 1: Overview of Blockchain Infrastructure Development - The global blockchain infrastructure is gradually taking shape, with Ethereum having over 6,379 active nodes and the European Blockchain Services Infrastructure (EBSI) having 39 active nodes as of October 2024 [14][15] - Cross-chain interoperability technology has matured, with 121 cross-chain bridges supporting over 188 blockchains globally, indicating a strong demand for cross-chain connectivity [17] - China's policies encourage blockchain infrastructure development, with the "Spark Chain Network" deploying over 70 nodes, although the technology landscape remains fragmented and market vitality needs to be stimulated [13][24] Group 2: Technological Innovations in Blockchain Infrastructure - Continuous performance optimization is being achieved through innovations such as on-chain sharding and hardware acceleration, enhancing scalability and transaction processing capabilities [28][29] - Security measures are being upgraded to ensure identity verification and privacy protection, contributing to a more secure blockchain environment [28] - Interoperability is improving, enabling deeper connections between different blockchain networks, which is essential for the evolution of blockchain applications [28] Group 3: Industry Ecosystem Construction - The blockchain infrastructure industry chain is being established, with diverse innovation and development actively occurring [28] - Investment in blockchain infrastructure is returning to rationality, with a slowdown in the number of new enterprises, indicating a more cautious market approach [28] - The application scenarios for blockchain infrastructure are expanding, paving the way for future industrial innovation [28] Group 4: Regulatory and Compliance Aspects - Global regulatory policies are gradually improving, with increased international cooperation, although challenges remain [28] - Regulatory compliance measures are being implemented to support the stable development of the blockchain industry [28] - The effectiveness of regulatory sandbox trials is evident, promoting a balance between effective regulation and innovation [28] Group 5: Future Outlook for Blockchain Infrastructure - The blockchain infrastructure is recognized as a crucial foundation for the next generation of the internet, emphasizing decentralization, data sovereignty, and privacy protection [22] - The development of decentralized identity (DID) systems is gaining traction, allowing users to manage their identity data independently [23] - The need for cross-chain interoperability is urgent, with policies and standards being developed to facilitate collaboration among different blockchain systems [25][26]