Key Takeaways:
- Chinese President Xi Jinping commended Andrew Chi-Chih Yao for his contributions to Tsinghua University and his role in the Conflux network.
- Conflux, supported by the Shanghai Municipal Government, is notable for being the only regulatory-compliant public blockchain in China.
- The Chinese Government announced a new Conflux-led blockchain platform for the Belt and Road Initiative to support cross-border projects.
On June 12, Chinese President Xi Jinping commended Andrew Chi-Chih Yao, chief scientist of the Conflux network and a professor at Tsinghua University, in an open letter.
Xi praised Yao for his 20 years of dedication to Tsinghua University and his significant contributions to teaching, research, and innovation.
Chinese President Xi Jinping has encouraged Andrew Chi-Chih Yao, a professor of Tsinghua University, to further contribute to the nation's talent development and sci-tech innovation. #XinhuaNews pic.twitter.com/s1CDByEltx
— China Xinhua News (@XHNews) June 12, 2024
Xi encouraged Yao to continue promoting interdisciplinary innovation and advancing high-level talent training and scientific self-reliance.
Conflux, a layer-1 blockchain supported by the Shanghai Municipal Government, operates on a hybrid proof-of-work and proof-of-stake consensus.
Despite China’s strict crypto regulations, Conflux claims to be the only regulatory-compliant public blockchain in the country.
Chinese President Xi Jinping has encouraged Andrew Chi-Chih Yao, a professor of Tsinghua University, to further contribute to the nation's talent development and sci-tech innovation https://t.co/mRwewB9IXD pic.twitter.com/w1rYQxRY7N
— China Xinhua News (@XHNews) June 12, 2024
On April 1, the Chinese Government announced a new blockchain platform led by Conflux for the Belt and Road Initiative, aimed at supporting cross-border projects.
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