A Farewell to ShuttleFlow
After a lively two-year run, ShuttleFlow, the multichain protocol brought into existence by the Conflux Foundation, is closing its curtains. Think of it as a dramatic exit, but fear not, it’s more of a graceful ‘passing of the torch’ scenario rather than a tragic demise.
The Transfer of Power
The technology stack is set to be handed over to Web3 studio Zero Gravity, which will take the reins and continue to nurture the protocol under a brand-new banner. So, if you’re wondering about your funds, rest assured! According to official sources, “All user funds are secure and will be migrated from ShuttleFlow to Zero Gravity.” Now, that’s some comforting news for those stashing their crypto in the digital attic!
User Migration Made Easy
For users who previously utilized ShuttleFlow to bridge assets, you’ve got a free pass. Once the migration begins, those who have successfully completed the claim on their assets won’t need to lift a finger. Yes, that’s right! Zero Gravity is flying in to swoop those assets up effortlessly. However, for those still waiting in the wings, ShuttleFlow will maintain partial operations until January 2024, offering users a window of opportunity to claim outstanding assets.
What Comes Next?
Once ShuttleFlow takes its final bow, all bridges will redirect to Zero Gravity’s official decentralized application (dApp) or to a bridging aggregator that will incorporate Zero Gravity. Think of it as Tunnel Vision 2.0: the same bridging concept, only with a fresh twist of innovation!
Looking Back at the Journey
For context, Conflux introduced ShuttleFlow back in 2021, shaping it as a friendly gateway to decentralized finance. At its peak, the technology boasted a proof-of-work algorithm that could accommodate a whopping 6,000 transactions per second. More impressive, right?
A Bright Future Ahead
In addition to its previous accomplishments, the Conflux Foundation recently joined forces with China Telecom—home to a whopping 390 million users—to dive into the world of blockchain SIM cards. If that isn’t a plot twist worthy of Hollywood, I don’t know what is!
The Local Blockchain Hero
You might not know this, but Conflux operates as a layer-1 blockchain utilizing a hybrid of proof-of-work and proof-of-stake models. Supported by the Shanghai Municipal People’s Government, it touts itself as the “only regulatory-compliant public blockchain in China.” Now, that’s a badge of honor!
Final Thoughts
As ShuttleFlow takes its leave, it’s reassuring to know that the spirit of innovation continues through Zero Gravity. To all users—your funds are safe and the journey is far from over. Here’s to new beginnings!
