ShuttleFlow, the ecosystem multichain protocol managed by Conflux Foundation, will put an end to its operations after two years, as stated by Cointelegraph.
According to Cointelegraph, the ShuttleFlow technology stack will be shifted to Zero Gravity, a Web3.0 studio. “All user funds are secure and will be migrated from ShuttleFlow to Zero Gravity. 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. 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,” the project stated.
Based on Cointelegraph, the ShuttleFlow decentralised application will not close down completely until January, 2024, to permit customers having bridged assets go ahead with their reclaiming of the assets. Post that development, the website and servers will be shut down forever. Reportedly, in 2021, Conflux unveiled the ShuttleFlow asset bridge to provide decentralised finance-based benefits for users.
Moreover, Cointelegraph noted that Conflux is a layer-1 blockchain, functional on a hybrid proof-of-work and proof-of-stake consensus. It’s believed that the project has made claims of being the “only regulatory-compliant public blockchain in China.”
(With insights from Cointelegraph)
