Table of Contents
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Highlights:
- Dr. Ming Wu, co-founder of Conflux Community, was invited to Hong Kong to discuss with various government and non-public corporations about the digital financial state, innovation and technologies, and has arrived at an preliminary strategic cooperation intention.
- Conflux is presently in the approach of registering associated entities for the entry into Hong Kong, solidifying its part as foundational infrastructure for World-wide-web3.
- This follows October’s announcement of the “Policy Declaration on the Growth of Hong Kong Digital Assets” which has paved the way for a additional hospitable blockchain environment in Hong Kong.
Dr. Ming Wu, Co-Founder of Conflux Community, was invited by the Hong Kong Government to explore the increase of tech innovation by way of Web3 and how the Conflux Community could perform a foundational purpose in these developments. Throughout the visit, Dr. Ming Wu experienced an in-depth dialogue with the heads and reception workers of many institutions beneath the new “Policy Declaration on the Development of Hong Kong Virtual Assets” officially introduced in October.
In excess of the past numerous years, stringent COVID-19 vacation manage steps and regulatory uncertainty observed numerous Hong Kong blockchain and crypto organizations change their organizations to extra hospitable areas. This plan exhibits a considerable refocus on digital belongings and coincides with the launch of the 1st two exchange-traded money for cryptocurrency in Hong Kong.
Dr. Ming Wu introduced the Conflux Tree-Graph community chain, explaining it is the only compliant, general public and permissionless chain in China and has achieved 3000+ TPS, 5000+ nodes and .5s block technology. In phrases of throughput, confirmation time, and expense of use, it has 2-3 orders of magnitude advantages about the international initially-generation general public chain “Bitcoin” and the second-generation general public chain “Ethereum”. The process performance ranks first in the globe.
Dr. Mig Wu explained ‘Hong Kong’s open up atmosphere for crypto provides more possibilities for practitioners in Net3 and Metaverse, particularly for those from China. Individuals right here have extra freedom to make the strategy and business enterprise improvements in a compliant method. This will also accelerate the integration of World wide web3 into the traditional world-wide-web organization and economies to maximally extract its benefit. By growing to Hong Kong, Conflux will be able to just take a whole distinct approach and have the possible to develop into the foundation to satisfy the Website3 vision of Hong Kong.’
The enlargement follows Conflux Network getting named a potential unicorn, a non-public startup company valued at more than $1 billion, in the Rising Giants in Asia Pacific joint report from HSBC and KPMG. One of only five blockchain-similar firms to make the prestigious list.
About Conflux
Conflux is a permissionless Layer 1 blockchain connecting decentralized economies throughout borders and protocols. Not long ago migrated to hybrid PoW/PoS consensus, Conflux offers a speedy, protected, and scalable blockchain ecosystem with zero congestion, small costs, and enhanced network safety.
As the only regulatory-compliant general public blockchain in China, Conflux presents a exclusive edge for jobs setting up and growing into Asia. In the location, Conflux has collaborated with global models and federal government entities on blockchain and metaverse initiatives, such as the metropolis of Shanghai, McDonald’s China, and Oreo.
To discover more about Conflux, pay a visit to confluxnetwork.org
Make contact with
Melissa Tirey – Shift6 Studios
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