Conflux Blockchain Gets Major Upgrade This August

Conflux Network will roll out an offshore yuan (CNH) stablecoin in partnership with AnchorX and Eastcompeace Technology. The blockchain will deploy Conflux 3.0 in August, featuring 15,000 transactions-per-second capacity, on-chain AI support, and bulk real-world asset settlements.

Conflux disclosed the stablecoin initiative at its Technology and Ecosystem Development Conference in Shanghai from July 18-20. The yuan-pegged token targets Belt and Road Initiative countries to streamline cross-border payments using Conflux’s public chain.

Fintech firm AnchorX and information security provider Eastcompeace Technology will collaborate on issuance and compliance for the CNH stablecoin. AnchorX specializes in digital payment solutions while Eastcompeace provides cybersecurity services for financial institutions.

Conflux 3.0, scheduled for August release, introduces a revamped storage architecture and execution module to raise peak throughput to 15,000 TPS. The upgrade natively supports AI agent calls, accelerates transaction confirmation to under 26 seconds, and enables large-scale settlements for real-world assets.

The current Conflux network processes approximately 3,000 transactions per second. The upgrade represents a five-fold increase in transaction capacity. Conflux 3.0 will maintain compatibility with existing smart contracts while adding new features for institutional users.

Conflux operates under regulatory approval from Chinese authorities and focuses on enterprise applications. The network has processed over 170 million transactions and serves more than 25 million users globally.

The blockchain bridges with dozens of major networks including Ethereum, Bitcoin, and Binance Smart Chain. Conflux powers applications spanning DeFi, real-world asset settlements, gaming, and social platforms.

Founded by a Tsinghua University research team, Conflux received backing from Chinese government initiatives supporting blockchain development. The network uses a Tree-Graph consensus mechanism designed to handle high transaction volumes without compromising decentralization.