Conflux Network Weekly Update | April 16 - 22
Enabling the future of DeFi through true multi-chain connection; deep dive into Conflux's underlying infrastructure; first-ever multi-token yield farming campaign with MoonSwap and ShuttleFlow
Latest From Conflux
A technical deep dive into the underlying infrastructure of Conflux Network
Conflux was born in the research lab of Turing Award recipient Dr. Andrew Yao and is based on a novel Tree-Graph consensus mechanism that optimizes security, scalability, and decentralization. The Tree-Graph architecture allows parallel processing of blocks and transactions, while eventually forming a final serial chain. This feature contrasts other well-known networks like Bitcoin and Ethereum, which process blocks strictly one-by-one, and is what gives Conflux its speed and scalability.
Introducing the first-ever multi-token yield farming campaign with MoonSwap and ShuttleFlow
Recently Conflux announced that we have reached a strategic partnership with OKExChain to make it easier for global DeFi projects to enter Asia. To build liquidity for these new cross-chain assets, we will be using our ecosystem DEX MoonSwap to build deep liquidity and volume for the Cohort members introducing their tokens to new chains.
Starting April 21st, a 1-week yield farming campaign with rewards paid out in $CFX, $cMOON, and the Cohort project’s native token will be launched on MoonSwap under the new “Galaxy” farm.
ShuttleFlow: Enabling the future of DeFi through true multi-chain connection
ShuttleFlow’s multi-chain capabilities are two-fold. First, it provides dApp developers with solutions to integrate multi-chain asset deposits and withdrawals at a low cost. At the same time, ShuttleFlow uses the Conflux Network as a “transit chain” to build asset bridges and other, related infrastructure across DeFi blockchains. As such, ShuttleFlow is slated to solve a host of liquidity-related issues in the DeFi space: to increase operability between blockchains, and as a result, to support the growth of the DeFi ecosystem as a whole.
Community & Events
Announcing the Conflux + Decentology Mini NFT Hackathon
Conflux is excited to team up with Decentology to host a 2-week Mini NFT Hackathon, a friendly competition to help developers get started building NFT applications on Conflux. The hackathon will run from April 9 through May 2. Complete hackathon details can be found here!
🗓 Hackathon dates: April 9 - May 2, 2021
💰 2000 CFXin prizes, opportunity to apply for a Conflux Ecosystem Grant, and Conflux swag!
Community Ambassadors Program
If you are an active blockchain community member and love Conflux Network, we encourage you to sign up for our Community Ambassadors Program! We welcome all applicants regardless of your location! You will be responsible for organizing local meetups and sharing the word about Conflux in your community.
Industry News
Is mining becoming more or less centralized?
For years, China-based bitcoin miners have held the vast majority of the bitcoin network’s mining capacity. Lately, that dominance has been fading. A global chip shortage and a shift in the market for mining hardware are the two major contributing factors. Source
DAOs are now officially recognized as a new type of LLC in Wyoming
The state of Wyoming has officially recognized decentralized autonomous organizations (DAOs) as a new type of limited liability company or LLC. The state bill is set to come into force from July 1, 2021. Source
Open DeFi launches multi-chain hackathon
Open DeFi is hosting its first-ever hackathon, bringing together developer communities from our extensive member network to connect and grow the DeFi ecosystem. The event will run for 3 weeks and conclude with a summit & demo day. Source
On the modularization of decentralized governance
Decision-making in crypto protocols has primarily been done via democratic token voting (with the added ability to delegate to others). Voter apathy and a large concentration of tokens lead to a handful (or even a single) voters being able to push decisions through unilaterally. Source
What does it take to optimize a complex system?
Looking at some common challenges faced by systems designers in crypto and blockchain and offering a glimpse into strategies and considerations in a high-level introduction to computer-aided design of complex systems. Source