{"id":4882,"date":"2024-06-14T13:12:14","date_gmt":"2024-06-14T13:12:14","guid":{"rendered":"https:\/\/blockwind.news\/china\/2024\/08\/09\/chinese-president-xi-jinping-praises-blockchain-executive-in-open-letter\/"},"modified":"2025-12-29T18:56:48","modified_gmt":"2025-12-29T18:56:48","slug":"chinese-president-xi-jinping-praises-blockchain-executive-in-open-letter","status":"publish","type":"post","link":"https:\/\/blockwind.news\/china\/2024\/06\/14\/chinese-president-xi-jinping-praises-blockchain-executive-in-open-letter\/","title":{"rendered":"Chinese President Xi Jinping Praises Blockchain Executive in Open Letter"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">\u00a0June 14, 2024<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">By Sharan Kaur Phillora<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Chinese President Xi Jinping has publicly commended Andrew Chi-Chih Yao, the chief scientist of the Conflux network and a professor at Tsinghua University, in an open letter dated June 12, 2024.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Here\u2019s what we know:<\/strong><strong><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In his <a href=\"https:\/\/mp.weixin.qq.com\/s\/l2o5f1m5ibw6sddmspUoxA\"><u>letter<\/u><\/a>, President Xi praised Yao for his significant contributions to education and scientific research in China over the past two decades. Xi highlighted Yao&#8217;s dedication to Tsinghua University and his achievements in fostering innovation and interdisciplinary research.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cIn the 20 years since you returned to China to teach, you have turned your patriotism into a journey of serving the country,\u201d Xi wrote. \u201cYou have devoted yourself to Tsinghua University and made great achievements in teaching and educating people and scientific research innovation. I would like to express my sincere greetings to you\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">President Xi encouraged Yao to continue his efforts in exploring independent training models for innovative talents, promoting cutting-edge innovation, and building a high-level talent training and scientific innovation base. Xi reiterated his support for Yao&#8217;s role in advancing China&#8217;s goals of achieving high-level scientific and technological self-reliance and building a strong nation in education and technology.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Conflux, a layer-1 blockchain operating on a hybrid proof-of-work and proof-of-stake consensus, is supported by the Shanghai Municipal People\u2019s Government and is known as the Shanghai Tree-Graph Blockchain Research Institute. It is notable for being the only regulatory-compliant public blockchain in China.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">On April 1, 2024, the Chinese government unveiled a new public blockchain infrastructure platform led by Conflux Network, named the &#8220;Ultra-Large Scale Blockchain Infrastructure Platform for the <a href=\"https:\/\/blockwind.news\/china\/china-launches-belt-and-road-initiative-blockchain-platform-led-by-conflux-network\/\"><u>Belt and Road Initiative<\/u><\/a>.&#8221; This platform aims to support cross-border cooperation projects along the Belt and Road Initiative by providing a robust public blockchain infrastructure.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Despite China&#8217;s stringent regulations on cryptocurrency trading and initial coin offerings (ICOs), Conflux operates its own token, CFX, which is currently trading at $0.1947 with a fully diluted market capitalization of $975 million. The project&#8217;s government affiliation and regulatory compliance have allowed it to thrive in an otherwise restrictive environment for cryptocurrencies in China.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>About the author<\/strong><strong><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Sharan Kaur Phillora\u2019s thirst for knowledge has led her to study many different subjects, including NFTs and Blockchain technology \u2013 two emerging technologies that will change how we interact with each other in the future. When she isn\u2019t exploring a new idea or concept, she enjoys reading literary masterpieces.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0June 14, 2024 By Sharan Kaur Phillora Chinese President Xi Jinping has publicly commended Andrew Chi-Chih Yao, the chief scientist of the Conflux network and a professor at Tsinghua University, in an open letter dated June 12, 2024. Here\u2019s what we know: In his letter, President Xi praised Yao for his significant contributions to education [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":4883,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[107],"tags":[],"class_list":["post-4882","post","type-post","status-publish","format-standard","has-post-thumbnail","category-all"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Chinese President Xi Jinping Praises Blockchain Executive in Open Letter - Blockwind News<\/title>\n<meta name=\"description\" content=\"Chinese President Xi Jinping Praises Blockchain Executive in Open Letter . 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