ShuttleFlow Protocol to Shut Down, Assets Will Be Migrated to Zero Gravity
After two years of operation, the multichain protocol ShuttleFlow, operated by Conflux Foundation, will be shutting down. However, the technology stack of ShuttleFlow will be transferred to Web3 studio Zero Gravity, which will continue developing the protocol under a new brand. User funds will be secure and migrated from ShuttleFlow to Zero Gravity without requiring any additional operations for users who have already bridged their assets.
“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.”
Partial Operation and Permanent Removal
The ShuttleFlow decentralized application (dApp) will remain partially operational until January 2024. This allows users who have bridged assets but have not yet claimed them to retrieve their assets. After that, the website and servers of ShuttleFlow will be permanently removed.
Conflux’s Journey and Partnerships
In 2021, Conflux launched the Shuttleflow asset bridge to facilitate the onboarding of its ecosystem users into decentralized finance. The company highlighted its proof-of-work algorithm that enabled up to 6,000 protocol transactions per second. Additionally, Conflux Foundation partnered with China Telecom earlier this year to develop a blockchain SIM card. Conflux is a layer-1 blockchain that operates on a hybrid proof-of-work and proof-of-stake consensus. Supported by the Shanghai Municipal People’s Government, it claims to be the only regulatory-compliant public blockchain in China.
Hot Take: Transitioning from ShuttleFlow to Zero Gravity
The shutdown of ShuttleFlow marks a new chapter for the multichain protocol as it transitions to Zero Gravity. The migration of user funds ensures the security of assets, and users can seamlessly bridge their assets through Zero Gravity’s official dApp or the bridging aggregator. This move demonstrates Conflux Foundation’s commitment to evolving and developing the protocol to better serve its ecosystem users in the decentralized finance space.
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