{"id":63726,"date":"2023-11-06T16:07:44","date_gmt":"2023-11-06T20:07:44","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=63726"},"modified":"2023-11-06T16:07:47","modified_gmt":"2023-11-06T20:07:47","slug":"shuttleflow-multichain-protocol-shuts-down","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/shuttleflow-multichain-protocol-shuts-down\/","title":{"rendered":"ShuttleFlow Multichain Protocol Shuts down"},"content":{"rendered":"\n<p>Conflux Foundation will cease operation and maintenance of ShuttleFlow an ecosystem <a href=\"https:\/\/coinscreed.com\/staging\/cross-chain-protocol-multichain-raises-60m-in-a-seed-funding-round-led-by-binance-labs.html\" target=\"_blank\" rel=\"noreferrer noopener\">multichain protocol<\/a>. Ownership of the platform will now be operated and developed by Zero Gravity.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1003\" height=\"544\" src=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/11\/image-22.png\" alt=\"ShuttleFlow Multichain Protocol Shuts down \" class=\"wp-image-63739\" srcset=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/11\/image-22.png 1003w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/11\/image-22-300x163.png 300w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/11\/image-22-768x417.png 768w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/11\/image-22-18x10.png 18w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/11\/image-22-750x407.png 750w\" sizes=\"(max-width: 1003px) 100vw, 1003px\" \/><figcaption class=\"wp-element-caption\">ShuttleFlow Multichain Protocol Shuts down <\/figcaption><\/figure>\n\n\n\n<p>In its place, Web3 studio Zero Gravity will receive the ShuttleFlow technology base and continue developing the protocol under a new moniker.<\/p>\n\n\n\n<p>&#8220;All user funds are secure and will be migrated from ShuttleFlow to Zero Gravity,&#8221; developers wrote, noting, &#8220;Users who have previously bridged through ShuttleFlow and completed the claim of their bridged assets on the destination chain do not need to undergo any additional operations for the migration.&#8221;<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;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.&#8221;<\/em><\/p>\n<\/blockquote>\n\n\n\n<p>Only by January 2024 a portion of the ShuttleFlow <a href=\"https:\/\/coinscreed.com\/staging\/how-to-build-decentralized-applications-dapps-from-scratch.html\" target=\"_blank\" rel=\"noreferrer noopener\">decentralized application<\/a> (dApp) will remain operational so that users who have bridged assets but have yet to claim them can retrieve their assets. Following that, irrevocable removal will occur of both its website and servers.<\/p>\n\n\n\n<p>To expedite the integration of its ecosystem users into decentralized finance, Conflux introduced the Shuttleflow asset bridge in 2021. At the time, the organization declared that its proof-of-work algorithm enabled a maximum of 6,000 protocol transactions per second.<\/p>\n\n\n\n<p>Conflux Foundation and China Telecom, the second-largest provider in the country with more than 390 million customers, announced a partnership to develop a blockchain SIM card earlier this year.<\/p>\n\n\n\n<p>Layer-1 blockchain Conflux employs a consensus mechanism that combines proof-of-work and proof-of-stake.<\/p>\n\n\n\n<p>The <a href=\"https:\/\/www.tree-graph.org.cn\/en\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Shanghai Tree-Graph Blockchain Research Institute<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><g id=\"wpil-svg-outbound-7-icon-path\" fill=\"none\" clip-path=\"url(#clip0_31_188)\">\r\n                            <path d=\"M9.16724 14.8891L20.1672 3.88908\" stroke-linecap=\"round\"\/>\r\n                            <path d=\"M13.4497 3.53554L20.5208 3.53554L20.5208 10.6066\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\r\n                            <path d=\"M17.5 13.5L17.5 16.26C17.5 17.4179 17.5 17.9968 17.2675 18.4359C17.0799 18.7902 16.7902 19.0799 16.4359 19.2675C15.9968 19.5 15.4179 19.5 14.26 19.5L7.74 19.5C6.58213 19.5 6.0032 19.5 5.56414 19.2675C5.20983 19.0799 4.92007 18.7902 4.73247 18.4359C4.5 17.9968 4.5 17.4179 4.5 16.26L4.5 9.74C4.5 8.58213 4.5 8.0032 4.73247 7.56414C4.92007 7.20983 5.20982 6.92007 5.56414 6.73247C6.0032 6.5 6.58213 6.5 7.74 6.5L11 6.5\" stroke-linecap=\"round\"\/>\r\n                        <\/g>\r\n                        <defs>\r\n                            <clipPath id=\"clip0_31_188\">\r\n                                <rect fill=\"white\" height=\"24\" width=\"24\"\/>\r\n                            <\/clipPath>\r\n                        <\/defs><\/svg><\/span><\/a>, its parent organization, receives financial backing from the Shanghai Municipal People's Government. The project promises to be &#8220;China's only public blockchain that complies with regulatory requirements.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Conflux Foundation will cease operation and maintenance of ShuttleFlow an ecosystem multichain protocol. Ownership of the platform will now be operated and developed by Zero Gravity. In its place, Web3 studio Zero Gravity will receive the ShuttleFlow technology base and continue developing the protocol under a new moniker. &#8220;All user funds are secure and will [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":63739,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[17091,17090,17089,17092],"class_list":["post-63726","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-conflux-foundation","tag-multichain-protocol","tag-shuttleflow","tag-zero-gravity"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/11\/image-22.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/63726","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=63726"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/63726\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/63739"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=63726"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=63726"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=63726"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}