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]