Xiang Li gave a presentation on etcd, a distributed key-value store. He discussed how etcd can be used to coordinate CoreOS cluster updates and store application configurations. He highlighted requirements like strong consistency, high availability, and watchability. Li also demonstrated etcd's capabilities including key-value operations, streaming watches, multi-version concurrency control, and leases. He showed how etcd achieves high performance and reliability through techniques such as incremental snapshots, write-ahead logging, and failure injection testing. Finally, he announced that etcd version 3.0 beta is now available.