The ShuttleFlow technology team will be transferred to the Web3 studio Zero Gravity, which will continue to develop the protocol under a new brand. The project stated, “All user funds are safe and will be transferred from ShuttleFlow to Zero Gravity,” and added, “Users who have previously connected through ShuttleFlow and have completed their bridge asset compensation requests on the target chain do not need to go through any additional steps.”
After ShuttleFlow ceases connections, users can connect through Zero Gravity’s official dApp or continue to use the bridge aggregator tool, which will integrate Zero Gravity upon launch.
The decentralized application ShuttleFlow will continue to operate partially until January 2024 to allow users with unclaimed bridge assets to retrieve their assets. Afterward, its website and servers will be permanently deleted.
In 2021, Conflux launched the Shuttleflow asset bridge to help users in its ecosystem access decentralized finance more effectively. The company noted at the time that its Proof of Work algorithm allowed the protocol to handle up to 6,000 transactions per second. Earlier this year, Conflux Foundation announced a partnership with China Telecom, the country’s second-largest telecom provider with over 390 million users, to develop a blockchain SIM card.
Conflux is a layer-1 blockchain that operates on a hybrid consensus of proof of work and proof of stake. Its parent company, the Shanghai Tree-Graph Blockchain Research Institute, is supported by the Shanghai Municipal People’s Government. The project claims to be the “only publicly compliant blockchain in China.”