Conflux

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Conflux
Conflux resized.jpg
Founded 2018
Headquarters Singapore
Key People Dr. Andrew Chi-Chih Yao, Co-Founder, Chief Scientist; Dr. Fan Long, Co-Founder; Ming Wu, Co-Founder, CTO; Matt Chow, Co-Founder; Wei Xu, Co-Founder; YuanJie Zhang, Co-Founder
Website Conflux Home

Conflux is a blockchain protocol that uses the proof of work model. It is being developed by the Conflux Foundation, a nonprofit dedicated to the development of the conflux protocol.[1][2]

Overview

Conflux is planned to eventually serve as a dApp platform designed to function similarly to bitcoin and Ethereum, but with a few differences. First of all, although Conflux uses bitcoin's proof of work consensus algorithm, according to Dr. Fan Long, the Conflux blockchain is designed to allow multiple blocks to be made concurrently, while organizing them in such a way that the multiple blocks do not create forks in the blockchain. By building it this way, the Conflux Foundation hopes to develop a more scalable blockchain. Second, in addition to designing Conflux to be a totally decentralized platform, the team developing Conflux also plans to include the ability to create smart contracts on the platform, like Ethereum.[3]

Background

Conflux is being developed by a team of computer scientists that includes Turing Award winner Dr. Andrew Chi-Chih Yao, University of Toronto assistant professor Fan Long, and Ming Wu, former senior researcher of Microsoft Research Asia.[4] The protocol is based off of an academic paper published in May 2018 by several people, including Conflux co-founders Dr. Andrew Yao and Dr. Fan Long. The Conflux Foundation has raised $35 million from venture capital firms like Sequoia China and Baidu Ventures, as well as the cryptocurrency exchange Huobi and other companies.[5][6]

Key People

  • Dr. Andrew Chi-Chih Yao - Co-Founder, Chief Scientist
  • Dr. Fan Long - Co-Founder
  • Ming Wu - Co-Founder, CTO
  • Matt Chow - Co-Founder
  • Wei Xu - Co-Founder
  • YuanJie Zhang - Co-Founder

References