ShuttleFlow is an ecosystem multi-chain protocol operated and maintained by the Conflux Foundation (also known as Shanghai Shuttle Blockchain Research Institute). closure Two years later.
The ShuttleFlow technology stack will be transferred to Web3 studio Zero Gravity, which will continue to develop the protocol under a new brand. “All user funds are safe and will be migrated from ShuttleFlow to Zero Gravity,” the developer wrote, adding, “Users who have previously bridged through ShuttleFlow and completed bridge asset claim on the target chain do not need to take any additional actions. For migration.”
“After ShuttleFlow closes bridging, users can bridge via Zero Gravity’s official dApp or continue to use the bridging aggregator, which will integrate Zero Gravity on launch.”
The ShuttleFlow decentralized application (dApp) will remain partially operational until January 2024 to allow users who have bridged assets but not yet claimed them to retrieve their assets. Afterwards, its website and servers will be permanently deleted.
2021, Conflux roll out Shuttleflow asset bridge can better allow ecosystem users to participate in decentralized finance. The company said at the time that its proof-of-work algorithm allowed up to 6,000 protocol transactions per second. Earlier this year, the Conflux Foundation announced a partnership with China Telecom, China’s second-largest telecommunications company with more than 390 million users, to develop a blockchain SIM card.
Conflux is a layer-1 blockchain operating on hybrid Proof-of-Work and Proof-of-Stake consensus. Its parent company, Shanghai Shutu Blockchain Research Institute, is supported by the Shanghai Municipal People’s Government. The project claims to be “China’s only regulatory-compliant public chain.”
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