Conflux (CFX) price has declined today.

Conflux (CFX) is priced at $0.213 today, with a 24-hour trading volume of $34,686,377.05. It is reflecting a 2.59% decline over the last 24 hours and a 1.69% increase over the past 7 days. With a circulating supply of 3.95 Billion CFX, Conflux’s current market cap is at $840,177,234.32.

An Introduction to Conflux (CFX)

Welcome to the world of Conflux! This is a blockchain platform that makes it easy to create decentralized applications and facilitate e-commerce in the expanding world of Web 3.0. It stands out by focusing on being scalable, decentralized, and secure.

Conflux skillfully employs a distinctive technique, the Tree-Graph consensus mechanism, paving the way for speedy and economical transfers of assets while simultaneously preventing the network from becoming overly congested.

Shifting our focus to the technological amalgamation, Conflux combines various approaches ingeniously, ensuring every transaction receives universal agreement.

Exploring the Founders of Conflux

The journey of Conflux started in 2018, with its key technology brewing since 2017. It’s intertwined with the Tree-Graph Research Institute in Shanghai, aiming to boost knowledge and research in blockchain.

Fan Long, the founder, is a powerhouse in blockchain and cybersecurity. He’s a Ph.D. graduate in Computer Science from MIT and now an assistant professor at the University of Toronto.

Alongside him are co-founders YuanJie Zhang, Ming Wu, and Guang Yang, forming a team of scientists, business professionals, and researchers.

Also, a shoutout to Professor Andrew Chi-Chih Yao, the brain behind the Tree-Graph consensus mechanism, serving as the head scientist at the Conflux Foundation.

Uniqueness of Conflux (CFX)

So, what sets Conflux apart? Firstly, it introduces a novel technical design that addresses prevalent industry issues, simplifying processes for developers and users.

Secondly, it enables assets to transition between Conflux and other blockchains, such as Ethereum and Binance Smart Chain, utilizing the ShuttleFlow cross-chain protocol.

Furthermore, developers gain access to a network that is not only decentralized and secure but also equipped with all the essential tools and legal checks. This means they can construct applications that are scalable, secure, and resist censorship, ticking all the necessary boxes for investors and the crypto community.

Thanks to the Tree-Graph consensus algorithm, Conflux can process a staggering 300–6000 transactions per second without compromising on decentralization.

Not only that, but it’s also more affordable than networks like Ethereum and features a mechanism that allows sponsors to cover transaction fees. Consequently, users can interact with the blockchain even with a low balance.

Additionally, the platform hosts a staking system that rewards users with passive income simply for holding onto their coins. Developers can seamlessly integrate staking into their apps, laying a stable financial foundation for their construction.

The Supply of Conflux (CFX) Coins

Let’s talk about CFX, the heart of the Conflux network. It’s used to pay transaction fees, store value, and earn staking rewards. If you own CFX, you can also have a say in managing the network and shaping its future.

In late 2023, there are over 3.3 billion CFX coins in circulation, out of a total of over 5.27 billion. They’re distributed in the following way:

• 40% to the ecological fund
• 36% to the core team and early investors
• 16% to private investors and reserves
• 8% to a fund for the community.

Securing the Conflux Network

The Conflux network secures itself using the proven Proof-of-Work consensus mechanism and the innovative Tree-Graph algorithm.

This method ensures solid security, safe transactions, and protection against potential attacks.

Miners, crucial to maintaining and securing the network, receive CFX tokens as rewards, ensuring the stable operation of Conflux.

Where Can You Purchase Conflux (CFX)?

You can trade Conflux (CFX) on various cryptocurrency exchanges like:

• Binance
• KuCoin
• OKX

Most Used

5.0

Read our review

Tradable Coins

• 600+

Payment Options

• +3

Fees

• 0.1 – 0.5%

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More details

Binance is a great combination of low fees, deep liquidity and multiple cryptocurrencies and trading pairs. We have tested every aspect of it and it STILL holds its reign as the top exchange in the world. In our view, it is the perfect crypto exchange for both newbies and advanced traders alike.

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  Biggest exchange in the world.

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  Industry's lowest trading fees.

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  Advance trading options like leverage trading.

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  600+ crypto options, 150+ for the US.

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  Lucrative on-site staking options.

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  Hiccups in account verification.

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  Less regulated than some competitors.

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  The corporate structure is not transparently.

4.1

Read our review

Tradable Coins

• 600+

Payment Options

Fees

• 0.05%

Get started

More details

Kucoin stands out among other crypto exchanges due to its impressive span of 1100 markets and 600 digital currencies. This, coupled with a user-friendly interface and secure investment environment, has made Kucoin an increasingly popular choice. However, US customers can not use the trading platform.

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  Ability to earn interest on crypto.

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  Low fees.

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  Good customer service.

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  Volume discounts on fees.

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  Features like margin and futures trading.

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  Not licensed in the U.S.

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  Lack of investment programs.

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  Low trading volume.

Coinweb’s Crypto Wiki can provide educational resources for those new to cryptocurrencies and interested in purchasing Conflux.

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