The Mission of Scientists: The Technical Commitment Journey of Conflux Founder Long Fan

Long Fan, a professor at the University of Toronto and the founder of Conflux Network, attended a conference in Hong Kong focusing on digital finance and ecological development. As an alumnus of the Tsinghua University Yao Qizhi Experimental Class and a PhD from MIT, Long Fan has been quietly promoting Conflux as China's only compliant public blockchain for many years, advancing its technical exploration and global expansion.

Faced with the rapid changes in the current blockchain industry, how does Conflux maintain its technical focus? As a compliant Chinese public chain, what long-term considerations are behind Conflux? In this rare interview, Long Fan shares his path choices, independent judgments on industry trends, and advice for young developers.

Entrepreneurial Original Intention and Technological Foundation

Long Fan positions himself as a computer science researcher, commonly referred to as a "scientist." Whether as the founder of Conflux or through his experiences in academia, both are extensions of this identity.

Conflux is positioned as a high-performance public blockchain based in China or Asia, dedicated to becoming an important infrastructure in the Web 3.0 era. This positioning has been established since 2018, and the team has consistently adhered to this original intention.

In terms of technology, Conflux's biggest advantage is achieving high-performance TPS without sacrificing decentralization and security. The network can support 3000-6000 TPS, has fast confirmation times, and does not require sacrificing the number of nodes or security. Since the mainnet launch, there have been zero security incidents, reflecting the stability and credibility of the architecture.

Based on its unique market position, Conflux focuses on areas it excels in, such as actively promoting offshore RMB stablecoins and collaborating with China Telecom on BSIM cards. These reflect Conflux's unique advantages as the only compliant public blockchain platform originating from China.

Compliance: Long-term Belief and Path Selection

Conflux has become the only compliant public chain in China for historical reasons. This was not achieved through competition, but rather under the previous regulatory and policy environment, where most teams chose to give up actively due to short-term strategic considerations, while Conflux chose to persevere.

Adhering to a compliant development path means bearing high compliance costs and exercising greater restraint in many decisions. For example, new tokens cannot be issued arbitrarily. However, the Conflux team has always believed that this path holds significant value in the long run.

The core team of Conflux consists mostly of Tsinghua University graduates and researchers who have returned from studying abroad, dedicated to serious technological research and development. The team believes that there is no need to "flee overseas", but rather to explore a path of normal development. Practice has proven that through continuous communication, regulatory agencies are not completely unable to engage in dialogue, and both parties can ultimately find a mutually understood and feasible solution.

RWA and Memecoin: The Two Poles of the Blockchain World

Long Fan believes that RWA( real-world assets ) and stablecoins are not a bubble, but rather a process for the industry to break through regulatory barriers and seek new narratives. This represents an important step for humanity to better utilize blockchain technology.

RWA is essentially an extension of the stablecoin concept and an evolution of its narrative. It provides a new source of liquidity for illiquid assets in the real economy, reflecting the real value of blockchain technology. This conveys a single core message from the entire industry to the outside world: blockchain technology is valuable and has real application potential.

As for Memecoin, Long Fan sees it as a manifestation of humanity's ancient gambling needs in the era of cryptocurrency. It is akin to a new poker table, with a dealer and bets, satisfying people's yearning for risk and excitement. Whether it is viewed as a bubble depends on one's attitude towards "gambling."

Conflux's Long-term Commitment and Outlook

The Conflux team has adhered to the technical route of "high-performance public chain in Asia" since 2018. Unlike many teams that closely follow market trends, Conflux's strategy is more restrained and prudent. Although the pace of advancement is slower, the team firmly believes that there are long-term opportunities in this direction, especially under the current international situation, where its value is gradually becoming evident.

For new developers entering the field, Long Fan suggests choosing the appropriate path based on individual and team circumstances. Some teams are suitable for chasing short-term opportunities and rapid iteration; others may choose to invest long-term in a certain direction and focus on cultivation. The key is to find the path that suits oneself the best.

The Conflux ecosystem has always had various ways to incentivize developers and is constantly optimizing. The team prefers to support projects that are willing to cooperate long-term, have a real implementation, and a clear plan, rather than short-term "migrant" developers. For simple porting of products from other ecosystems and expecting funding, Conflux's support will be limited.