The Conflux Tree-Graph Blockchain has unveiled its next-generation public chain system, Conflux Blockchain Public Chain System 2.0, marking a significant leap forward in blockchain infrastructure. Announced at the 2022 Shanghai Blockchain Innovation and Sourcing Work Promotion Conference and Major Achievements Release Event, the upgraded system sets new benchmarks in scalability, security, and cross-chain compatibility—positioning itself as a foundational digital infrastructure for the emerging Web3.0 and metaverse economies.
Breakthrough Performance of Conflux 1.0
Before diving into the advancements of version 2.0, it’s essential to understand the foundation laid by Conflux Blockchain Public Chain System 1.0. Launched just one year prior, the first iteration achieved remarkable adoption: over 10.5 million users, more than 6,000 smart contracts deployed, and a daily transaction volume ranging between 300,000 to 500,000.
Most notably, Conflux 1.0 solved a long-standing bottleneck in public blockchain systems—transaction throughput and confirmation speed—without compromising on decentralization or security. It achieved a processing capacity of over 3,000 transactions per second (TPS), outperforming Bitcoin by 428 times and Ethereum by 75 times. This performance placed Conflux among the top three globally in terms of dynamic node count and earned it recognition as a leading third-generation public blockchain.
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Introducing Conflux 2.0: Enhanced Security, Compatibility, and Scalability
Building on this success, Conflux Tree-Graph Blockchain System 2.0 introduces critical upgrades designed to support broader adoption and seamless integration with existing ecosystems.
According to Dr. Wu Ming, Co-Founder and Chief Technology Officer of Conflux, the new version enhances three core aspects:
- Security: Strengthened consensus mechanisms and improved resistance to network-level attacks.
- Compatibility: Native support for Ethereum-based applications through a virtual shard called eSpace.
- Applicability: Greater flexibility for enterprise use cases and decentralized applications (dApps).
Ethereum Compatibility via eSpace
One of the most transformative features of Conflux 2.0 is the introduction of eSpace, a fully Ethereum-compatible virtual shard. This innovation allows developers to deploy existing Ethereum dApps directly onto the Conflux network without rewriting code.
Think of eSpace as a Windows virtual machine on a Mac—it runs within the Conflux environment but behaves exactly like the Ethereum Virtual Machine (EVM). Developers can leverage familiar tools like MetaMask, Hardhat, and Truffle, significantly reducing migration friction.
Existing Conflux accounts can interact with eSpace through built-in cross-shard interfaces, enabling smooth asset and data transfers between native Conflux dApps and Ethereum-compatible ones.
This hybrid architecture not only expands developer options but also accelerates ecosystem growth by tapping into Ethereum’s vast application base.
Driving Innovation in Shanghai’s Digital Economy
The release aligns with Shanghai’s strategic push to become a global hub for digital innovation. Wang Ye, Deputy Director of the Shanghai Science and Technology Commission, emphasized that blockchain technology is more than just a financial tool—it's a foundational engine for the digital economy.
“Blockchain is sparking intense global technological competition,” said Wang. “It has the potential to create new economic models, business forms, and growth drivers.”
To maintain momentum, the Shanghai government is focusing on three key initiatives:
- Advancing Core Blockchain Technologies
Continued investment in high-performance consensus algorithms, sharding architectures, and secure smart contract execution environments. - Accelerating Industrial Applications
Encouraging real-world use cases across finance, supply chain, intellectual property, and public services to transform technical advantages into economic value. - Future-Proofing for Web3.0 and Metaverse Trends
Recognizing that data rights and digital identity are central to Web3.0, Shanghai supports research into decentralized identifiers (DIDs), tokenized assets, and privacy-preserving computation—all of which rely on robust underlying blockchains like Conflux.
The Role of Conflux in Web3.0 Infrastructure
As the world moves toward decentralized digital identities and user-owned data ecosystems, scalable and secure public chains are no longer optional—they are essential.
Conflux 2.0 is engineered to serve as a trusted digital base layer for future metaverse platforms and Web3.0 applications. Its high throughput ensures low-latency interactions in virtual worlds, while its dual-shard design (native Conflux chain + Ethereum-compatible eSpace) enables interoperability across ecosystems.
For example:
- A game built on Ethereum can expand its player base by deploying on Conflux eSpace with minimal changes.
- Enterprises can issue NFTs or manage supply chains using Conflux’s high-efficiency native chain.
- Developers benefit from lower gas fees and faster confirmations without sacrificing security.
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Core Keywords and SEO Integration
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- Conflux blockchain
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These terms reflect both technical depth and market relevance, catering to developers, investors, policymakers, and tech enthusiasts searching for insights into next-generation blockchain systems.
Frequently Asked Questions (FAQ)
What is Conflux Blockchain Public Chain System 2.0?
Conflux 2.0 is an upgraded version of the original Conflux public blockchain, featuring enhanced performance, security, and full Ethereum compatibility through its eSpace virtual shard.
How does eSpace work?
eSpace is an Ethereum-compatible execution environment within Conflux that allows existing Ethereum dApps to run natively without code modifications. It functions similarly to running Windows software on a Mac via virtualization.
Why is Conflux considered a third-generation blockchain?
Because it solves the scalability trilemma—achieving high throughput (3,000+ TPS), strong security, and decentralization—unlike earlier blockchains like Bitcoin and Ethereum (pre-upgrades).
Can developers migrate their dApps easily?
Yes. Thanks to eSpace, developers can deploy Ethereum-based dApps on Conflux using familiar tools such as MetaMask, Remix, or Hardhat with little to no changes.
What role does Conflux play in Web3.0?
Conflux provides a scalable, secure foundation for Web3.0 applications such as decentralized identity systems, NFT marketplaces, metaverse platforms, and tokenized economies.
Is Conflux open source?
Yes, Conflux maintains an open-source development model to encourage community contributions and transparency in protocol evolution.
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Conclusion: Leading the Next Wave of Blockchain Innovation
With the launch of Conflux Blockchain Public Chain System 2.0, China’s homegrown blockchain technology has taken another bold step onto the global stage. By combining high performance with seamless compatibility and strong security, Conflux is not just keeping pace with international competitors—it’s helping define the future of decentralized infrastructure.
As digital economies evolve and demand for scalable blockchains grows, systems like Conflux will play a pivotal role in enabling secure transactions, empowering developers, and supporting next-generation digital experiences in Web3.0 and beyond.