Quarterly Community Call - Founders AMA

The Spaces focused on discussing the upcoming developments and strategic initiatives of Conflux, including the Complex 3.0 upgrade, the significance of the CNH stable coin (Anchor X), and its alignment with China's digital finance strategy. The speakers elaborated on technical advancements, such as achieving 15,000 TPS, improvements in consensus protocols, and potential integrations with various domains, including AI and cross-border trade. They also touched upon the geopolitical implications of digital currencies and China's role in global blockchain ecosystems, aiming to position Conflux as a pivotal player in bridging financial connections despite geopolitical tensions. The talk concluded with an emphasis on ecosystem growth and innovation to engage global participants.

Keynote Discussion and Introductions

Welcoming Message and Speaker Connections

The session began with the speakers connecting and confirming their audio setup. The lead moderator expressed excitement at the participation of the co-founders and the new CTO, Yang Guang, in the call.

Introduction of Yang Guang

Yang Guang's background was highlighted, noting his academic achievements in cryptography, game theory, and blockchain from Qinghua University. He has been influential in the development of Complex, contributing to economic designs and sponsorship mechanisms, and presenting a tech roadmap for the next five years.

Major Topics Discussed

Complex 3.0 Upgrade

Technical Enhancements and Network Performance

Yang Guang addressed the Complex 3.0 upgrade, emphasizing the anticipated increase to 15,000 TPS. The upgrade focuses on infrastructure improvements and consensus protocol innovations to handle scaling challenges.

  1. Consensus Protocol: Utilizing DAG-based processing allowing concurrent block production, enhancing throughput without compromising decentralization or finality.
  2. Virtual Machine Updates: Enabling faster execution and improved storage techniques, enhancing I/O performances especially vital for AI applications.
  3. Network Broadcast Enhancements: Improved bandwidth utilization and reduced latency were integral to achieving the target TPS.

CNH Stable Coin Development

Significance and Strategic Alignment

This section saw an extensive discussion on the CNH-pegged stable coin and its contribution to aligning with China's digital finance strategy.

  1. Anchor X Stable Coin: Expected to launch shortly, potentially aiding in trade settlements due to its stable currency nature similar to USD.
  2. China's Strategy: Despite geopolitical challenges, China's push for digital finance includes adopting stable coins to mitigate risks associated with traditional systems like SWIFT.
  3. Complex's Role: As a blockchain positioned favorably within China's regulatory landscape, Complex intends to support CNH stable coins deeply.

Comparative Advantage of CNH Stable Coins

Fan and Forgiven discussed the unique positioning of CNH stable coins supported by Complex.

  1. Local Team Support: Complex's partnership with local teams in Mainland China and Hong Kong affords a strong ecosystem backing.
  2. Infrastructure Support: Complex will employ its tokens to subsidize initial circulations and facilitate the adoption of CNH stable coins.
  3. Global Positioning: Complex sees itself as a neutral chain supporting various stable coins, with commitments to expanding liquidity through collaborations.

Future Vision and Ecosystem Growth

Upcoming Developments

The panel elaborated on post-Complex 3.0 upgrade innovations.

  1. Multi-chain Support: Expected updates will focus on storage enhancements and inherent multi-chain support, laying groundwork for future scalability.
  2. MPC Contracts: Ongoing research into multi-party computation contracts shows promise for future inclusion.

Long-term Vision

Fan shared a philosophical perspective on Complex playing a pivotal role in connecting fractured global economic systems, facilitating cross-border commerce, and enabling financial connections.

  1. A Global Blockchain Role: Complex envisions itself as a bridge for underrepresented regions in blockchain, specifically acting as a counterbalance to Western-dominated infrastructure.
  2. Innovative Paradigms: The aim is to pioneer new technological paradigms beyond traditional ledger-based systems.

Closing Remarks

Community Engagement and Next Steps

The session concluded with a call for community engagement and encouragement to follow upcoming developments. The community was appreciated for its active participation, and the importance of joining Complex's network was stressed to stay ahead in the scaling ecosystem.

Summary of Conference Releases

Final remarks also included announcements of recent conference releases, accessible with subtitles in English and Chinese, providing further insights into crypto topics discussed.

The AMA signifies extensive plans around Complex 3.0 and CNH stable coins, emphasizing China's digital finance ambitions and Complex's role in this transformative ecosystem.