Introduction
On February 27, Shanghai's blockchain innovation efforts reached a milestone with the release of the Conflux-Tree Graph Blockchain Public Chain System 1.0, developed by the Shanghai Tree Graph Blockchain Research Institute. This breakthrough addresses long-standing performance bottlenecks in public blockchain systems, offering unprecedented transaction speeds and security.
Key Developments
1. Performance Metrics
- Transaction Throughput: 3,000+ transactions per second (TPS), surpassing Bitcoin by 428x and Ethereum by 75x.
- Confirmation Time: Under 30 seconds, rivaling traditional centralized systems like Visa.
- Scalability: Achieved without compromising decentralization or security, using the proprietary Tree Graph (TG) consensus algorithm.
2. Technical Milestones
The Conflux-Tree Graph 1.0 system completed three phased rollouts, culminating in full deployment on October 29, 2020. Since then, it has processed:
- 4+ million transactions from 10,000+ users.
- 120 days of stable operation, averaging 40,000 daily transactions.
"Blockchain’s previous performance limitations were like the early days of mobile internet—slow and expensive. Conflux 1.0 changes that," noted Wu Ming, CTO of the institute.
Global Context
- Bitcoin: 7 TPS, ~1-hour confirmation.
- Ethereum: 30–40 TPS, ~10-minute confirmation.
- Conflux-Tree Graph: 3,000+ TPS, <30-second confirmation.
This leap positions Conflux to support large-scale decentralized applications (DApps), from finance to supply chain.
Team and Backing
- Leadership: Founded by Long Fan, with Turing Award winner Professor Yao Qizhi as Chief Scientist.
- Talent: Combines top-tier华人 scientists in distributed computing, cryptography, and博弈论.
- Institutional Support: Officially launched in January 2020 with backing from the Shanghai Municipal Government and徐汇 District.
Shanghai’s Blockchain Ecosystem
- 400+ blockchain enterprises across key hubs like Xuhui West Bank and Yangpu Blockchain Tower.
- Policy Focus: The city prioritizes R&D in consensus algorithms, smart contracts, and开源 platforms.
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FAQs
Q1: How does Conflux-Tree Graph achieve higher TPS?
A1: Its TG algorithm optimizes block ordering, enabling parallel processing without security trade-offs.
Q2: What applications can benefit from this?
A2: High-frequency trading, IoT networks, and任何需快速确认的场景.
Q3: Is the system开源?
A3: Yes, fostering a developer-friendly ecosystem for global collaboration.
Conclusion
Conflux-Tree Graph 1.0 marks a paradigm shift in blockchain usability, aligning with Shanghai’s vision to lead next-gen tech innovation. With robust throughput and near-instant confirmations, it paves the way for mass adoption of decentralized solutions.