ShuttleFlow, a multi-chain protocol operated and maintained by the Conflux Foundation – also known as Shanghai Treemap Blockchain Institute – will cease operations in two years.
The ShuttleFlow technical team will move to Web3 studio Zero Gravity, which will continue developing the protocol under a new brand. : “All user funds are safe and will be transferred from ShuttleFlow to Zero Gravity,” adding that “users who have previously connected through ShuttleFlow and completed asset claims will not need to perform any additional steps on their bridge on the target chain.”
Once ShuttleFlow is closed, users can connect through the official Zero Gravity dApp or continue using the Bridge Aggregator, which will integrate Zero Gravity on launch.
The ShuttleFlow decentralized application will remain partially operational until January 2024 to allow users who own bridge assets but have not yet reclaimed them. The website and its server will be permanently deleted.
In 2021, Conflux launched the Shuttleflow asset bridge to help users in its ecosystem better access decentralized finance. The company said at the time that its proof-of-work algorithm enabled the protocol to achieve transaction speeds of up to 6,000 transactions per second. Earlier this year, the Conflux Foundation announced a partnership with China Telecom, China’s second-largest company with over 390 million users, to develop a blockchain SIM card.
Conflux is a layer-1 blockchain that runs on a hybrid consensus of Proof-of-Work and Proof-of-Stake. 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.”