Conflux CTO Dr. Wu Ming publicly unveiled Conflux's BTC-compatible Layer-3 scaling solution for the first time at the 2024 Hong Kong Web3 Festival.
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Conflux CTO Dr. Wu Ming publicly unveiled Conflux's BTC-compatible Layer-3 scaling solution for the first time at the 2024 Hong Kong Web3 Festival.
During the speech, Dr. Wu Ming revealed for the first time that Conflux is developing and applying a Bitcoin-compatible Layer-3 scaling solution.
Navigating Web3 tides with focused insightsOn April 7, Dr. Ming Wu, Co-founder and CTO of Conflux, was invited to speak at the 2024 Hong Kong Web3 Carnival, co-hosted by Wanxiang Blockchain Labs and HashKey Group. At the event, Dr. Wu delivered a keynote speech titled "Towards the Ultimate Security, Efficiency, and Customizability," during which he revealed for the first time that Conflux is developing and applying a Bitcoin-compatible Layer-3 scaling solution.
In his speech, Dr. Wu reviewed the evolution of blockchain technology using Bitcoin and Ethereum as examples, summarizing that "the development of blockchain technology has often involved finding an optimal balance between 'performance' and 'security.'"
As global digitalization progresses and Web3 evolves from concept to real-world applications, the narrative of "asset issuance and transfer," once primarily associated with Ethereum, is now also becoming central to Bitcoin. Dr. Wu noted that most current Bitcoin Layer-2 projects sacrifice some degree of security in pursuit of performance. Although new solutions continue to emerge, many fall into the trap of "reinventing the wheel," with nearly every project wasting significant time and effort on independently developing common mechanisms such as security. To address this, Dr. Wu disclosed that Conflux has planned—and has already begun building—the first Layer-3 scaling paradigm for Bitcoin, aiming to create a win-win solution alongside Bitcoin.
According to Dr. Wu, this solution offers two key advantages. First, it enables a spiral enhancement of network security. Within the Conflux network, PoS node rotation and the DPSS protocol ensure current levels of security and decentralization, enabling a certain amount of BTC assets to be bridged onto the Conflux network. Through a built-in staking mechanism, BTC holders can participate in Conflux network governance and contribute to maintaining network security, thereby strengthening Conflux's overall security. As security improves, the network’s capacity to handle cross-chain assets increases, allowing more BTC assets to enter the Conflux network, further enhancing its security. This positive feedback loop ultimately enables the Conflux network to achieve security comparable to Bitcoin’s, while significantly outperforming it in terms of performance. Second, by designing API interfaces for virtual machine services and decoupling Virtual Space from full-node processes into independent virtual machine service processes, Conflux creates conditions for third-party teams and developers to deploy new virtual machines on its network—enabling the development of Bitcoin Layer-3 solutions. This allows for the expansion of Bitcoin’s ecosystem beyond the Bitcoin network itself, while simultaneously modularizing and extending Conflux’s own security mechanisms. In this way, Conflux will no longer be limited to serving merely as a Bitcoin Layer-2, but will become the first-ever Layer-3 scaling model for Bitcoin.
During his presentation, Dr. Wu shared that Conflux has identified three primary directions for its customizable virtual machine roadmap: a "virtual machine for the Move language ecosystem," a "high-performance EVM virtual machine based on parallel computing technology," and a "virtual machine supporting AI-enhanced smart contracts." He emphasized that this vision was not conceived overnight, but rather stems from extensive preliminary research, design, and development work, with related theoretical foundations previously published at ICSE 2022, one of the top conferences in software engineering.
By combining Bitcoin’s value storage attributes with Conflux’s advanced technical stack, Conflux’s Bitcoin Layer-3 scaling solution enables users to enjoy a richer ecosystem while actively participating in network security and governance through staking. This approach injects new vitality into the Bitcoin network, opens fresh entry points for blockchain developers and Web3 builders, and provides a novel scaling paradigm and conceptual framework for the future development of public blockchains.
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