The second installment of the "Zhen" series, hosted by ChainCatcher and RootData, took place today in Hong Kong, bringing together builders and investors to explore the theme of “New Cycles and New Narratives” in the evolving blockchain landscape. At the event, Dr. Wu Ming, Co-Founder and CTO of Conflux Network, delivered a compelling keynote titled "Conflux: The Next-Generation Infrastructure for the Digital Economy."
In his presentation, Dr. Wu offered a comprehensive overview of Conflux’s journey, covering its founding vision, technological innovations, global impact, and ecosystem growth. As one of the few blockchain projects rooted in rigorous academic research and real-world scalability testing, Conflux has emerged as a key player in shaping the future of decentralized infrastructure—particularly in Asia and emerging markets.
Founding Vision and Global Expansion
Launched on October 29, 2020, Conflux was built from the ground up to address one of blockchain’s most persistent challenges: scalability without sacrificing decentralization or security. Today, the network supports over 1,000 Proof-of-Work (PoW) nodes across 26 countries and regions, forming a truly global consensus layer. With more than 9.8 million on-chain accounts and over 62 million transactions processed, Conflux has demonstrated robust activity and growing adoption.
One of Conflux’s strategic differentiators is its intentional focus on emerging economies. The team has prioritized community building and developer outreach in regions such as:
- Africa: Kenya, Nigeria, South Africa
- Latin America: Mexico, Chile
- Southeast Asia: Indonesia, Thailand, Vietnam
By nurturing local talent and supporting grassroots innovation, Conflux aims to deliver inclusive, accessible, and seamless blockchain services to underserved populations—laying the foundation for a more equitable digital economy.
👉 Discover how next-generation blockchain infrastructure is empowering global developers.
Breakthrough Performance: Rivaling Centralized Systems
Conflux’s underlying Tree-Graph consensus algorithm enables high throughput and low-latency transaction processing. In recent tests, the network achieved performance metrics comparable to Visa-level transaction volumes, significantly outpacing established decentralized networks like Bitcoin and Ethereum—and even surpassing Facebook’s former Libra (now Diem) project in benchmark comparisons.
This technological edge earned Conflux recognition in 2019 as the only Chinese distributed system named a direct competitor to Libra in its whitepaper. Unlike traditional blockchains that bottleneck under heavy load, Conflux’s parallel processing architecture allows it to scale efficiently while maintaining finality and security.
Gasless Transactions: Lowering the Barrier to Entry
One of the biggest hurdles for mainstream Web3 adoption is user experience—particularly the need to manage native tokens for gas fees. Conflux addresses this with its innovative gas sponsorship (gas delegation) mechanism, which allows dApp developers or sponsors to cover transaction costs on behalf of users.
This means that end users can interact with decentralized applications without holding any native CON flux tokens in their wallets. For businesses and platforms onboarding new users, this feature dramatically reduces friction and enhances accessibility—making it easier than ever to introduce non-crypto-native audiences to blockchain technology.
Thriving Ecosystem: 150+ Web3 Projects and 700+ Brand Collaborations
Conflux has cultivated a vibrant and rapidly expanding ecosystem. To date:
- Over 150 Web3 projects have been launched on the network, including integrations with major platforms like Xiaohongshu (Little Red Book) and iQIYI.
- The network has partnered with more than 700 brands and institutions, spanning media (China Youth Daily), culture (Xi’an Museum), education (Tsinghua University), e-commerce (Taobao), and consumer brands (McDonald’s).
- It has issued over 7.1 million compliant digital certificates and NFTs, used for everything from event tickets to academic credentials and collectibles.
These collaborations highlight Conflux’s role not just as a technical infrastructure provider, but as a bridge between traditional industries and the decentralized future.
👉 See how leading blockchain networks are enabling real-world digital asset adoption.
Strategic Focus on Hong Kong: A Hub for Innovation
Dr. Wu emphasized that Hong Kong will serve as a strategic base for Conflux’s future development. With the city’s progressive regulatory environment, strong financial infrastructure, and growing support for virtual assets and Web3 innovation, it offers an ideal launchpad for bridging mainland China’s tech talent with global markets.
Conflux is actively engaging with local regulators, universities, and enterprises to foster R&D, talent development, and pilot programs in areas like central bank digital currency (CBDC) interoperability, tokenized assets, and decentralized identity solutions.
This deepening presence underscores a long-term vision: to establish Hong Kong as a core node in Conflux’s global network—one that combines compliance, innovation, and real-world utility.
Core Keywords for SEO Optimization
To align with search intent and improve discoverability, the following keywords have been naturally integrated throughout this article:
- Conflux Network
- blockchain infrastructure
- Web3 ecosystem
- digital economy
- NFTs and digital certificates
- gasless transactions
- Hong Kong Web3 hub
- Tree-Graph consensus
These terms reflect both technical depth and market relevance, ensuring visibility among developers, investors, and industry stakeholders searching for next-generation blockchain solutions.
Frequently Asked Questions (FAQ)
Q: What makes Conflux different from Ethereum or other blockchains?
A: Conflux uses a unique Tree-Graph consensus algorithm that enables high throughput (Visa-level speeds) without compromising decentralization. Its gas sponsorship model also allows users to transact without holding native tokens—reducing barriers to entry.
Q: Is Conflux available globally?
A: Yes. The network operates with over 1,000 PoW nodes across 26 countries and actively supports communities in Africa, Latin America, Southeast Asia, and now Hong Kong.
Q: Can businesses use Conflux for NFTs or digital certificates?
A: Absolutely. Over 7.1 million compliant digital assets have already been issued on Conflux, including partnerships with major brands like McDonald’s, Taobao, and Tsinghua University.
Q: How does Conflux support Web3 developers?
A: Through developer grants, technical documentation, hackathons, and incubation programs—especially in emerging markets where access to Web3 tools is limited.
Q: Why is Hong Kong important for Conflux’s strategy?
A: Hong Kong offers a forward-thinking regulatory framework for virtual assets, making it an ideal hub for innovation, talent acquisition, and bridging East-West blockchain ecosystems.
Q: Does Conflux use Proof-of-Stake or Proof-of-Work?
A: Conflux currently uses a Proof-of-Work (PoW) consensus mechanism with over 1,000 global nodes. However, it combines PoW with its Tree-Graph protocol to achieve high efficiency and scalability.
👉 Explore how developers are building scalable dApps on high-performance blockchains.
Final Thoughts: A Foundation for the Future
As the digital economy continues to evolve, infrastructure like Conflux plays a critical role in enabling secure, scalable, and inclusive innovation. From its academic origins to its real-world deployments across continents, Conflux is proving that blockchain can be both technically advanced and socially impactful.
With Hong Kong as a strategic anchor point, the network is poised to deepen its global reach while driving meaningful adoption across industries—from finance to education, culture to consumer tech.
For developers, enterprises, and policymakers alike, Conflux represents more than just a blockchain—it’s a blueprint for the next generation of digital trust.