ShuttleFlow Ceases Operations, Zero Gravity Takes Over

After two years, ShuttleFlow, an ecosystem multichain protocol managed and administered by the Shanghai Tree-Graph Blockchain Research Institute, also referred to as the Conflux Foundation, will cease operations.

In its place, Web3 studio Zero Gravity will receive the ShuttleFlow technology base and continue developing the protocol under a new moniker.

“All user funds will be migrated from ShuttleFlow to Zero Gravity in a secure manner,” developers wrote, adding, “Users who have bridged assets through ShuttleFlow in the past and completed the claim of those assets on the destination chain are not required to perform any further operations during the migration.”

Until January 2024, a portion of the ShuttleFlow decentralized application (dApp) will remain operational so that users who have bridged assets but have not yet claimed them can retrieve them. Its website and infrastructure will subsequently be permanently withdrawn.

Shuttleflow, an asset bridge introduced by Conflux in 2021, facilitated the transition of its ecosystem consumers to decentralized finance.

At the time, the organization declared that its proof-of-work algorithm enabled a maximum of 6,000 protocol transactions per second.

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.

Layer-1 blockchain Conflux employs a consensus mechanism that combines proof-of-work and proof-of-stake.

The Shanghai Tree-Graph Blockchain Research Institute, its parent organization, receives financial backing from the Shanghai Municipal People’s Government.

The initiative promises to be “China’s only public blockchain that complies with regulatory requirements.”