Foundation

Zero

Gravity

Conflux

<div class="sg-post-des">
 ShuttleFlow will change ownership to be operated and developed by Zero Gravity.
</div>
<div class="cointelegraph">
 <p>ShuttleFlow, the ecosystem <a rel="noopener noreferrer nofollow" title="multichain" href="https://thebittimes.com/tag/multichain.html">multichain</a> <a rel="noopener noreferrer nofollow" title="protocol" href="https://thebittimes.com/tag/protocol.html">protocol</a> operated and maintained by Conflux Foundation, also known as the Shanghai Tree-Graph Block<a rel="noopener noreferrer nofollow" title="chain" href="https://thebittimes.com/tag/chain.html">chain</a> Research Institute, will shut down after two <a rel="noopener noreferrer nofollow" title="years" href="https://thebittimes.com/tag/years.html">years</a>.&nbsp;</p>
 <p>The ShuttleFlow technology stack will instead be transferred to Web3 studio Zero Gravity, which will continue to develop the <a rel="noopener noreferrer nofollow" title="protocol" href="https://thebittimes.com/tag/protocol.html">protocol</a> under a new brand. "All user funds are secure and will be migrated from ShuttleFlow to Zero Gravity," developers wrote, adding, "Users who have previously bridged through ShuttleFlow and completed the claim of their bridged assets on the destination <a rel="noopener noreferrer nofollow" title="chain" href="https://thebittimes.com/tag/chain.html">chain</a> do not need to undergo any additional operations for the migration."</p>
 <blockquote>
  "After ShuttleFlow shuts down its bridging, users can bridge through Zero Gravity's official dApp or continue using the bridging aggregator, which will integrate Zero Gravity when launched."
 </blockquote>
 <p>The ShuttleFlow decentralized application (dApp) will remain partially operational until January 2024 to allow users who have bridged assets but have not yet claimed them to retrieve their assets. After that, its website and servers will be removed permanently.</p>
 <p>In 2021, Conflux launched the Shuttleflow asset bridge to better onboard its ecosystem users to decentralized finance. The company said at the time that its proof-of-work algorithm allowed protocol transactions of up to 6,000 per second. Earlier this year, Conflux Foundation announced a partnership with China Telecom, the second-largest in the country with over 390 million users, to develop a blockchain SIM card.&nbsp;</p>
 <p>Conflux is a layer-1 blockchain operating on a hybrid proof-of-work and proof-of-stake consensus. Its parent, the Shanghai Tree-Graph Blockchain Research Institute, is supported by the Shanghai Municipal People’s Government. The project claims to be the “only regulatory-compliant public blockchain in China.”</p>
 <p><strong>Related:&nbsp;Multichain inside job? And SOL surges 80% in a month</strong></p>
 <template data-name="subscription_form" data-type="defi_newsletter"></template>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/conflux-multichain-protocol-shuts-down-after-two-years-tbt69235.html">https://thebittimes.com/conflux-multichain-protocol-shuts-down-after-two-years-tbt69235.html</a></p>

Conflux multichain protocol shuts down after two years

TheBitTimes

Other articles published on Nov 6, 2023

Ripple News: Potential $20M SEC Settlement Seen as 99.9% Win for Ripple

Hong Kong Government Is Looking To launch ETF

Monero community wallet funds drained in security breach

Bitcoin Cash Weekly News November 6th 2023 by the Bitcoin Cash Foundation

Conflux Protocol Shuts Down This Key Feature After 2 Years

According to Animoca Brands Founder, Spot Bitcoin ETFs Increased Interest in Blockchain!

Join our free newsletter for daily crypto updates!