Conflux Network Expands into Hong Kong
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Toronto, Canada, 28th December, 2022, Chainwire
Dr. Ming Wu, Co-Founder of Conflux Network, was invited by the Hong Kong Government to discuss the rise of tech innovation through Web3 and how the Conflux Network could play a foundational role in these developments. During the visit, Dr. Ming Wu had an in-depth discussion with the heads and reception staff of various institutions under the new "Policy Declaration on the Development of Hong Kong Virtual Assets" officially released in October.
Over the past several years, stringent COVID-19 travel control measures and regulatory uncertainty saw many Hong Kong blockchain and crypto companies shift their businesses to more hospitable areas. This policy shows a significant refocus on digital assets and coincides with the launch of the first two exchange-traded funds for cryptocurrency in Hong Kong.
Dr. Ming Wu introduced the Conflux Tree-Graph public chain, explaining it is the only compliant, public and permissionless chain in China and has achieved 3000+ TPS, 5000+ nodes and 0.5s block generation. In terms of throughput, confirmation time, and cost of use, it has 2-3 orders of magnitude advantages over the international first-generation public chain "Bitcoin" and the second-generation public chain "Ethereum". The system performance ranks first in the world.
Dr. Mig Wu said 'Hong Kong's open environment for crypto provides more opportunities for practitioners in Web3 and Metaverse, especially for those from China. People here have more freedom to make the technique and business innovations in a compliant manner. This will also
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