Toronto, Canada, December 28, 2022, Chainwire
- Dr. Ming Wu, co-founder of Conflux Network, was invited to Hong Kong to talk with various government agencies and private organizations about digital economy, innovation and technology, reaching the first strategic cooperation intention.
- Conflux is already in the process of registering relevant entities for entry into Hong Kong, solidifying its role as the underlying infrastructure for Web3.
- This follows the “Policy Declaration on the Development of Hong Kong Virtual Assets” released in October, paving the way for a more comfortable blockchain environment in Hong Kong.
Co-Founder, Dr. Ming Wu conflux network, was invited by the Hong Kong government to discuss the rise of innovation with Web3 and how the Conflux Network can play a fundamental role in these developments. During his visit, Dr. Ming Wu held in-depth discussions with heads of various institutions and reception staff under the new “Policy Declaration on the Development of Hong Kong Virtual Assets” officially launched in October.
Over the past few years, strict travel restrictions and regulatory uncertainty due to COVID-19 have forced many Hong Kong blockchain and cryptocurrency companies to shift their business to more comfortable regions. The policy marks a renewed focus on digital assets and coincides with the launch of his first two cryptocurrency exchange-traded funds in Hong Kong.
Dr. Ming Wu introduces Conflux Tree-Graph public chain, it is the only compliant, public, permissionless chain in China with 3000+ TPS, 5000+ nodes, 0.5 second block generation explained that it has achieved In terms of throughput, confirmation time and usage cost, he has a two- to three-digit advantage over the international first-generation public chain “Bitcoin” and the second-generation public chain “Ethereum”. The system performance is the best in the world.
Dr Mig Wu said, “Hong Kong’s cryptocurrency open environment offers more opportunities for Web3 and Metaverse practitioners, especially those from China. and business innovation, which will accelerate the integration of Web3 into the traditional Internet business and economy and maximize its value.By expanding to Hong Kong, Conflux will We can take a completely different strategy and have the potential to be the foundation for realizing Hong Kong’s Web3 vision.”
The expansion follows Conflux Network being named a potential unicorn, a privately held startup with a valuation of over $1 billion. Emerging giants of the Asia-Pacific region Joint report by HSBC and KPMG. He is one of only five blockchain-related companies to make it onto the prestigious list.
Conflux is a permissionless layer 1 blockchain that connects decentralized economies across borders and protocols. Recently migrated to a hybrid PoW/PoS consensus, Conflux provides a fast, secure, and scalable blockchain environment with no congestion, low fees, and improved network security.
As the only regulated public blockchain in China, Conflux offers unique advantages for building projects and expanding into Asia. In the region, Conflux has worked with global brands and government agencies such as Shanghai Municipality, McDonald’s China, and Oreo on blockchain and metaverse initiatives.
For more information on Conflux, please visit: conluxnetwork.org