ShuttleFlow, the ecosystem multichain protocol managed and maintained by the Conflux Foundation, also known as the Shanghai Tree-Graph Blockchain Research Institute, is closing after two years.
The ShuttleFlow technology stack will instead 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 developers wrote, adding: “Users who have previously been bridged via ShuttleFlow and have completed the claim of their bridged assets on the destination chain will not require any additional operations to undergo before the migration.”
“After ShuttleFlow discontinues its bridging, users can bridge through Zero Gravity’s official dApp or continue using the bridging aggregator, which Zero Gravity will integrate when it launches.”
The ShuttleFlow (dApp) decentralized application will remain partially operational until January 2024 to allow users who have bridged assets but not yet claimed them to retrieve their assets. Afterwards, the website and servers are permanently deleted.
In 2021, Conflux launched the Shuttleflow asset bridge to better introduce its ecosystem users to decentralized finance. The company said at the time that its proof-of-work algorithm enabled protocol transactions of up to 6,000 per second. Earlier this year, Conflux Foundation announced a partnership with China Telecom, the country’s second largest with more than 390 million users, to develop a blockchain SIM card.
Conflux is a layer 1 blockchain that runs on a hybrid proof-of-work and proof-of-stake consensus. The parent company, 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.”
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