On November 13th, the Bitcoin Next Summit hosted by Bitlayer officially opened in Bangkok. The summit focused on Bitcoin's next upgrade and BTCFi. Among them, Kevin He, co-founder of Bitlayer, delivered a speech on the theme of Bitcoin's next upgrade at the summit. He pointed out that the urgent reason for the need for Bitcoin governance innovation is that "the Bitcoin soft fork mechanism itself is difficult to reach consensus." He stressed that in order to promote the sustainable development of Bitcoin, it is necessary to seek innovation in governance methods to promote more efficient decision-making processes and wider community participation. At today's Bitcoin Next Summit, many leading Bitcoin ecosystem builders and industry leaders will share their insights on the cutting edge of Bitcoin technology and the next upgrade, and discuss the current BTCFi landscape and trends.