7.1.2 Impacts from Ecosystem Regression

Ecosystem regression could have a destructive impact on the development of blockchain technology, especially in ecosystems that restrict the application of smart contracts such as Mingwen. This phenomenon may reinforce the abuse of power in centralized exchanges, limiting the application of smart contracts. XOS needs to closely collaborate with the industry to promote more widespread and useful smart contract applications and work to prevent ecosystem regression. This requires driving innovation, supporting open-source technologies, and advocating for a more open and transparent ecosystem to achieve the widespread application of blockchain technology in real life.