What is Conflux (CFX)? Next-Generation Blockchain to Support the Global Digital Economy

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Bittime - In this digital age, the need for a fast, secure, and scalable blockchain is increasing. Conflux (CFX) comes as an innovative solution, offering a unique architecture that combines Proof-of-Work (PoW) and Tree-Graph Consensus to achieve high scalability without sacrificing security.

What Is Conflux (CFX)?

Conflux Network is a next-generation blockchain designed to support the global digital economy. The platform offers high throughput, fast transaction finality, and low fees, making it an ideal choice for a wide range of decentralized applications (dApps) and enterprise blockchains.

Key Products &; Features of Conflux (CFX)

• High Throughput: Conflux is capable of processing up to 6,400 transactions per second, making it one of the fastest blockchains in the world.
• Fast Transaction Finality: Transactions on Conflux are finalized in seconds, providing certainty and security for users.
• Low Transaction Fees: Conflux offers low transaction fees, making it ideal for mass use.
• EVM compatibility: Conflux is compatible with the Ethereum Virtual Machine (EVM), allowing developers to easily migrate their dApps from Ethereum to Conflux.
• Conflux Space: A metaverse platform that allows users to interact, game, and create in a virtual world.

Also read: What is Dual-Token Economy/Model (Two-Token Economy)? Delving Deeper into the Dual-Token Economic Model

What Is CFX Token

The CFX token is Conflux Network's native utility token used to:

• Pay transaction fees on the Conflux Network.
• Stake to earn rewards and improve network security.
• Participate in Conflux Network governance.

Tokenomic Token CFX

• Total Supply: 10 billion tokens
• Distribution:
  • 40% - Public sale
  • 25% - Tim Conflux
  • 20% - Conflux Ecosystem
  • 10% - Yayasan Conflux
• Vesting Schedule:
  • Tokens allocated to the Conflux team and the Conflux Foundation will be vested for 4 years.

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Analisis Fundamental Conflux (CFX)

• Cutting-edge technology: Conflux Network uses cutting-edge blockchain technology to achieve high scalability and strong security.
• Experienced team: The Conflux team consists of renowned blockchain experts and academics from various leading universities in the world.
• Strong support: Conflux Network is backed by several well-known investors in the blockchain industry, such as NGC Ventures, HashKey Capital, and Metastable Capital.

Conflux (CFX) Comparison & Competitors

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Founder & Tim Conflux (CFX)

• Dr. Andrew Yao: Turing Award Winner dan Chief Scientist Conflux Network.
• Fan Long: CEO Conflux Network dan mantan CTO Huobi Global.
• Dr. Min Wu: CTO of Conflux Network and renowned blockchain expert.

Expert Opinion About Conflux (CFX)

• CoinShares: Conflux Network is one of the most promising next-generation blockchains.
• Messari: Conflux Network has the potential to become Asia's leading blockchain platform.

Conclusion

Conflux Network is an innovative blockchain with a unique architecture that offers high scalability, security, and low fees. With an experienced team, strong support, and cutting-edge technology, Conflux Network has the potential to become the leading blockchain platform of the future.

How to Buy Conflux (CFX) on Bittime

You can buy and sell Conflux (CFX) in an easy and safe way via  Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

Conflux (CFX) is available on Bittime with the CFX/IDR market pair . To be able to buy CFX IDR  on  Bittime,  make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Learn  the complete guide on how to buy Conflux (CFX) on Bittime.

Monitor the  price  chart movements of Conflux (CFX) ,  Bitcoin (BTC) ,  Ethereum (ETH ),  Solana (SOL)  and other cryptos to find out today's crypto market trends in real-time on Bittime.

Read also:

What is Digital Currency?

What is Digital Commodity?

What is Digital Asset Ecosystem?

Understanding the Alameda Gap, the Crypto Liquidity Crisis

DISCLAIMER: This article is informational in nature and does not constitute an offer or solicitation to sell and buy any crypto asset. Trading crypto assets is a high-risk activity. The price of crypto assets is volatile, where prices can change significantly from time to time and Bittime is not responsible for fluctuations in the exchange rate of crypto assets.