We’re thrilled to announce that Cobo has broadened our blockchain support by integrating with Conflux, a high-performance public blockchain distinguished by its innovative hybrid consensus mechanism and dual-space design. 

This strategic integration underscores Cobo’s commitment to providing our institutional and enterprise clients with access to cutting-edge blockchain technologies while expanding the reach and utility of the Conflux ecosystem.

Why Conflux?

Conflux is a high-performance blockchain that employs a hybrid Proof of Work (PoW) and Proof of Stake (PoS) consensus mechanism, ensuring a unique balance of security, scalability, and decentralization. Its Tree-Graph ledger structure and GHAST algorithm enable high transaction throughput of up to 3,000 transactions per second (TPS) with confirmation times within one minute. The PoS mechanism introduces network finality, reducing the risk of 51% attacks and enhancing overall security. These attributes make Conflux a robust and efficient platform for applications across Payment Finance (PayFi), decentralized finance (DeFi), gaming, and beyond.

A key innovation of Conflux is Conflux eSpace, a fully Ethereum Virtual Machine (EVM)-compatible environment that allows developers to seamlessly migrate and deploy Ethereum-based smart contracts while benefiting from Conflux’s enhanced performance and scalability. This enables greater interoperability with existing Ethereum-based applications, making it easier for developers to build and expand within the Conflux ecosystem.

What This Integration Means for Users

The integration of Conflux into Cobo’s ecosystem creates a mutually beneficial opportunity for both Cobo clients and the Conflux network:

• Access to Conflux Network: Cobo’s clients can now seamlessly access and interact with Conflux’s high-performance blockchain infrastructure, including Conflux eSpace. This enables institutions and developers to leverage Conflux’s robust transaction capabilities and innovative dual-space design for a variety of blockchain applications.

• Exposure to Cobo’s Client Base: By integrating with Cobo, Conflux gains access to our extensive network of institutional and enterprise clients. This collaboration paves the way for broader adoption of Conflux Network, fostering growth and innovation within its ecosystem.

This partnership highlights Cobo’s commitment to expanding blockchain connectivity, ensuring that our clients stay equipped with the tools and networks needed to thrive in the ever-evolving digital asset landscape.

Expanding Cobo’s Blockchain Network

Cobo’s support for over 80 blockchains and 3,000+ tokens reflects our ongoing commitment to offering the widest coverage in the digital asset ecosystem. By adding Conflux to this expansive network, we provide our clients with tools to stay at the forefront of blockchain innovation. Whether for DeFi, gaming, PayFi or other blockchain-based applications, Conflux’s integration ensures our users are equipped to explore and capitalize on emerging opportunities.

About Cobo

Cobo is a trusted leader in digital asset custody and wallet infrastructure, providing an all-in-one platform for organizations and developers to easily build, automate, and scale their digital asset businesses securely.

Founded in 2017 by blockchain pioneers and headquartered in Singapore, Cobo is trusted by more than 500 leading digital asset businesses globally, safeguarding billions of dollars in assets. Today, Cobo offers the industry's only unified wallet platform that integrates all four digital asset wallet technologies – Custodial Wallets, MPC Wallets, Smart Contract Wallets, and Exchange Wallets. Committed to the highest security standards and regulatory compliance, Cobo has a zero-incident track record and holds ISO 27001, SOC2 (Type 1 and Type 2) certifications, as well as licenses in multiple jurisdictions. Recognized for its industry-leading innovations, Cobo has received accolades from prestigious entities such as Hedgeweek and Global Custodian, among others.

For more information, please visit www.cobo.com.

About Conflux

Conflux Network is a permissionless Layer 1 blockchain that connects decentralized economies worldwide. It utilizes a hybrid PoW/PoS consensus mechanism, ensuring a fast, secure, and scalable blockchain environment. Conflux operates without congestion, maintains low fees, and prioritizes network security. 

Being the leading regulatory-compliant public blockchain in China, Conflux offers advantages for projects entering the Asian market. In its partnerships, Conflux collaborates with global brands including China Telecom, Little Red Book (China’s Instagram), McDonald’s China, and Oreo. These noteworthy collaborations serve as a testament to Conflux’s unwavering dedication to driving blockchain and metaverse initiatives.

Conflux is set to expand its payment solutions and PayFi (Payment Finance) ecosystem, building on the existing suite of Stablecoins, Payment Card, and BIM Wallet (previously BSIM Card), aiming to become the blockchain of choice for consumer-grade Payments in the future.

For more information, please visit www.confluxnetwork.org.

This integration is a testament to Cobo’s unwavering dedication to supporting innovative blockchain ecosystems and providing users with access to the latest technological advancements in the digital asset industry.