Dr. Ming Wu, Co-Founder of Conflux Network, changed into invited by way of the Hong Kong Government to discuss the rise of tech innovation via Web3 and how the Conflux Network may want to play a foundational position in these tendencies. During the visit, Dr. Ming Wu had an in-intensity dialogue with the heads and reception staff of diverse establishments underneath the brand new “Policy Declaration on the Development of Hong Kong Virtual Assets” formally launched in October.
Over the beyond several years, stringent COVID-19 tour manipulate measures and regulatory uncertainty saw many Hong Kong blockchain and crypto organizations shift their organizations to greater hospitable regions. This policy indicates a giant refocus on virtual assets and coincides with the release of the first two alternate-traded funds for cryptocurrency in Hong Kong.
Dr. Ming Wu added the Conflux Tree-Graph public chain, explaining it is the handiest compliant, public and permissionless chain in China and has executed 3000+ TPS, 5000+ nodes and 0.5s block era. In terms of throughput, confirmation time, and value of use, it has 2-3 orders of value advantages over the global first-technology public chain “Bitcoin” and the second-era public chain “Ethereum”. The gadget overall performance ranks first in the international.
Dr. Mig Wu stated ‘Hong Kong’s open surroundings for crypto affords more possibilities for practitioners in Web3 and Metaverse, specially for those from China. People right here have extra freedom to make the approach and business improvements in a compliant way. This may even accelerate the combination of Web3 into the traditional net enterprise and economies to maximally extract its value. By increasing to Hong Kong, Conflux can be capable of take an entire exceptional strategy and feature the ability to grow to be the foundation to satisfy the Web3 imaginative and prescient of Hong Kong.’
The expansion follows Conflux Network being named a capability unicorn, a private startup company valued at over $1 billion, inside the Emerging Giants in Asia Pacific joint file from HSBC and KPMG. One of handiest 5 blockchain-related groups to make the celebrated list. Conflux is a permissionless Layer 1 blockchain connecting decentralized economies across borders and protocols. Recently migrated to hybrid PoW/PoS consensus, Conflux provides a fast, cozy, and scalable blockchain environment with 0 congestion, low expenses, and stepped forward network safety.
As the simplest regulatory-compliant public blockchain in China, Conflux offers a unique advantage for tasks constructing and increasing into Asia. In the area, Conflux has collaborated with worldwide brands and government entities on blockchain and metaverse initiatives, consisting of the metropolis of Shanghai, McDonald’s China, and Oreo.Michael Lewis, the writer of The Big Short, has spent numerous hours with Sam Bankman-Fried, the previous CEO of the now-collapsed FTX crypto exchange, who’s presently under residence arrest in California.
The sudden go to has led to speculation that the famed author might be seeking to write a book primarily based on Sam Bankman-Fried and the collapse of his cryptocurrency company FTX, The New York Post suggested on Tuesday.
Lewis is the writer of several books together with “The Big Short,” a quality-dealer about how the housing bubble led to the economic disaster of the past due 2000s, and “Moneyball,” which particular how Oakland A’s fashionable manager Billy Beane used analytics to gather a roster.