Conflux Network update: CFX Live price, price chart, news and markets

The CFX price update as of now is $0.08046. In the previous 24 hours, its trading volume was $53,861,261, and its value has increased by 1.52%. As of now, CFX's live market cap is $412,452,329, and it is ranked as the #150 on the Coincu. CFX has a circulating supply of 5,623,082,918 and a maximum supply of 5,623,082,918.

The Revolutionary Conflux Network

Conflux Network, an innovative open protocol, is at the forefront of the development of dApps, finance, e-commerce, and Web 3.0. This public blockchain offers exceptional speed and security, making it a powerful platform for decentralized commerce. Featuring the groundbreaking combination of the Proof of Work algorithm and the Tree-Graph structure, Conflux Network paves the way for a new era of cross-border collaboration.

With the expertise of scholars from Tsinghua University and the University of Toronto, Conflux Network boasts a diverse global team. Its mission extends beyond Asia, fostering collaboration across continents such as North America, Latin America, and Europe.

Origins and Vision of Conflux Network

Conflux Network traces its roots back to Dr. Andrew Yao's research lab at Tsinghua University. This renowned institution awarded Dr. Yao the Turing Prize. In a time when blockchain faced challenges in China, Conflux Network emerged as a pioneering force in the DeFi sector with the government's support.

In 2018, the Conflux fund was established to develop an open application platform based on the Tree-Graph architecture. Furthermore, the Tree-Graph Research Institute was created to promote blockchain education and research. Collaborative efforts with the Shanghai and Hunan governments focused on advancing blockchain infrastructure and applications.

Eradicating Obstacles with Conflux Network

Conflux Network aims to address significant challenges faced by crypto users and dApp developers, providing unique technical infrastructure solutions.

Revolutionary Interoperability

The expansion of the DeFi sector across multiple blockchains has led to increased fees for asset switching. Conflux Network tackles this issue with its Shuttleflow service, enabling multi-chain interoperability. Users can seamlessly convert assets on Ethereum, Binance Smart Chain, Huobi ECO Chain, or OKEx Chain using Conflux Network.

Empowering dApp Developers with Compliance

Conflux Network empowers dApp developers to overcome compliance issues by offering a dedicated network and tools for building DeFi applications. The project maintains a constructive relationship with regulatory authorities, ensuring compliance without compromising innovation.

Enhancing Liquidity

Conflux Network's multi-chain approach revolutionizes liquidity associated with sharding. Developers can create multi-chain dApps to cater to the diverse needs of the investor community, fostering dynamic connections between traders and the market.

The Power of Conflux Network

ShuttleFlow: Enabling Cross-Chain Asset Exchange

ShuttleFlow, a vital feature of Conflux Network, allows the seamless exchange of data and content across various blockchains, acting as a powerful cross-chain asset protocol.

Conflux Network Consensus: Introducing Tree-Graph

Conflux Network incorporates an upgraded version of the Proof of Work consensus mechanism known as Tree-Graph. This advanced protocol overcomes previous PoW limitations by parallel processing transactions using the Directed Acyclic Graph (DAG) structure.

Empowering Users with Staking

Setting itself apart from other PoW blockchains, Conflux Network offers staking features. Users can lock their tokens and earn rewards while contributing to the network. Additionally, CFX tokens grant users governance rights, ensuring their active involvement in the community.

Promoting Growth: Conflux Foundation

The Conflux Foundation plays a pivotal role in fostering the development of the Conflux ecosystem. As a nonprofit organization, it provides grants to projects capable of enhancing the network. Additionally, the Conflux Foundation values community engagement, emphasizing the importance of user input.

Unlocking the Potential of Bonded Storage

Conflux Network equips developers with the essential Bonded Storage feature within its toolkit. Programmers deposit CFX tokens to create their bonded storage or dApp. These tokens are locked into Smart Contracts, ensuring the interest of both developers and users.

The Future of Decentralization with DAO

Conflux Network envisions launching a Decentralized Autonomous Organization (DAO) system. This groundbreaking initiative aims to replace traditional business activities with Smart Contracts, revolutionizing the way organizations operate.

Future Endeavors: Roadmap

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