Conflux co-founder and CTO Wu Ming: Conflux will establish a presence in Hong Kong

ChainCatcher news, the second session of the "Zhen" series event hosted by ChainCatcher and RootData was held today in Hong Kong. This time, ChainCatcher invited several industry builders and investors to discuss the theme of "New Cycle and New Narrative." Wu Ming, co-founder and CTO of Conflux Tree Graph Public Chain, delivered a speech titled "Conflux: Next Generation Digital Economy Infrastructure."

Wu Ming provided a comprehensive introduction to the development of Conflux from several dimensions, including the founding team, technological innovation, influence, and ecological development. He mentioned that since its launch on October 29, 2020, Conflux has established over 1,000 POW nodes across 26 countries and regions worldwide. The total number of on-chain accounts is 9,879,487, with over 62 million transactions processed; a total of 6,008 smart contracts have been deployed on-chain. Conflux has consistently focused on and actively operated communities and influence in emerging countries and regions, such as Africa (Kenya, Nigeria, South Africa), Latin America (Mexico, Chile), and Southeast Asia (Indonesia, Thailand, Vietnam), aiming to provide more inclusive, convenient, and smooth blockchain services locally in the long term. This year, it has particularly attracted attention from users and developers in Europe and the United States, with user growth reaching 150%.

In addition, Conflux's testing data has reached the level of centralized operations comparable to VISA, and it leads international distributed systems such as Bitcoin, Ethereum, and Libra. When Facebook released its white paper for the distributed system Libra in 2019, Conflux was defined as its competitor as the only distributed system project from China. Moreover, Conflux's unique gas payment mechanism allows users to interact on-chain without needing to hold native tokens in their wallets to pay for gas, providing significant convenience for attracting traffic.

In terms of ecological development, Conflux has formed an ecosystem that includes over 150 Web3 projects such as Xiaohongshu and iQIYI, and has established partnerships with over 700 brands, including China Youth Daily, Xi'an Museum, Tsinghua University, Taobao, and McDonald's. Additionally, it has issued over 7.1 million compliant digital certificates/collectibles.