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This article explores the difficulty of upgrading Bitcoin, pointing out that this is mainly due to concerns about reduced rewards after halving, which has led to many hard forks. A review of Bitcoin's past few hard forks and an introduction to the experimental hard fork currently planned by LayerTwolabs. Although Bitcoin has always faced route issues, it is still seeking opportunities on a different path.

The current situation where the security of tokens depends entirely on the project's self-awareness. To address this, we may need to improve token mechanisms or introduce effective token supply monitoring schemes to ensure transparency in token quantity changes. We need to be vigilant, as while people's awareness of fraud is increasing, attackers' anti-fraud techniques are also constantly evolving. This is an ongoing game, and we need to continue learning and thinking to protect our interests.

Gate Research Weekly Report: Bitcoin saw an upward trend this week, rising 8.39% to $100,550, breaking through $100,000 to reach a new all-time high. Support levels should be monitored for potential pullbacks. Over the past 7 days, ETH price increased by 6.16% to $3,852.58, currently in an upward channel with key breakthrough levels to watch. Grayscale has applied to convert its Solana Trust into a spot ETF. Bitcoin's new ATH coincided with surging Coinbase premiums, indicating strong buying power from U.S. market participants. Multiple projects secured funding this week across various sectors including infrastructure, totaling $103 million.

According to Gate Research's latest Web3 industry security report for November, there were 21 security incidents during November, resulting in losses of approximately $76.86 million. The types of incidents have become more diverse, with contract vulnerabilities remaining the primary threat, accounting for 39% of total losses. The report also provides detailed analyses of key security incidents, including the Thala contract vulnerability, DEXX private key leak, and Polter Finance flash loan attack. Contract vulnerabilities, account hacks, and flash loan attacks were identified as the main security risks this month, highlighting the need for the industry to continuously enhance its security measures.

This article first reviews the prehistory of Bitcoin to trace its origins, then explores the important facts related to the current state of the protocol, and finally proposes the future developments of LNP/BP.