The dream of mining machines shattered, but it opened another door

#Gate 13th Anniversary

Many people don’t know that Gate’s starting point wasn’t an exchange. Dr. Han Lin’s earliest plan was to build mining machines. In 2013, he bought a batch of Avalon chips and tried to design mining machines. The chip industry was too heavy—supply chains bottlenecked, production cycles were long, and uncertainty was high. The money he put in could be washed away at any moment.

He sat in the lab and thought for a long time. Making mining machines is, in essence, a game against the physical world; making a trading platform means every step can be handled with code—lightweight assets, fully under his control. A photonics PhD, in the end, chose the virtual digital world. Now, it’s clear that this decision changed the landscape of the entire industry.
$GT ‌
From the shattered mining machine dream to the birth of an exchange, Han Lin took only a few months. He said he decided to build an exchange because he found the trading platforms at the time were too hard to use—slow, laggy, and unsafe. He wanted to make one that was fast, stable, and reassuring. Thirteen years later, Gate’s trading system processes hundreds of thousands of orders per second, while the forum that had scammed Dr. Han back then was long forgotten. Time stands on the side of the people who made the right choices.

#Gate13周年