Bitcoin BTC VS Conflux network 🔥 Bitcoin price 🔥 Conflux cfx price 🔥 Conflux news today Conflux coin
Conflux cfx price 🔥 Conflux news today 🔥 Conflux coin 🔥 Bitcoin BTC VS Conflux network 🔥 Bitcoin price
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⚡ What is conflux network (CFX)?
A Public Blockchain Network Powered by Tree-Graph.
Conflux Network is a scalable and decentralized blockchain network that aims to have high throughput and fast confirmation. It operates a consensus protocol, GHAST, which processes concurrent blocks without discarding any as forks, and adaptively assigns heterogeneous weights to blocks based on their topologies in the ledger structure (named Tree-Graph).
CFX is the native utility token of the Conflux Network and has the following use cases:
Network Consensus: Miners will receive block rewards for each block that they create, and transaction fees for the code execution.
Ecosystem Incentivization: To incentivize users for meaningful and value-generating economic activity.
Governance: CFX holders can vote on network governance decisions.
Staking: The network will distribute rewards on all staked tokens at a fixed rate of 4%. The rewards will be added to the user’s holdings at the time when the user un-stakes his/her tokens.
Conflux Network organizes the blocks in the ledger as a tree-graph structure which tracks the happens-before relationship among blocks. Based on this ledger, Conflux allows all the nodes in the network to produce a consistent total order of blocks. This total order is derived from a pivot chain in the ledger which is selected by applying the heaviest subtree rule in order to avoid double-spend attacks.
Conflux Network raised 35.68MM USD from three rounds of private token sales:
Private Sale 1: 9.35% of the total token supply was sold at 0.064 USD / CFX.
Private Sale 2: 0.21% of the total token supply was sold at 0.080 USD / CFX.
Private Sale 3: 0.99% of the total token supply was sold at 0.100 USD / CFX.
As at March 29th 2021, the circulating supply of CFX is 695,262,164 and the total supply at genesis is 5,000,000,000.
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The information presented in this video is for educational and entertainment purposes only and is not financial advice. I am not a financial advisor. Trading can result in loss of funds. Individuals must consider all risk factors including their own personal financial situation before trading. All individuals are responsible for their own trades and investments. CryptoOK and affiliates are not responsible for individual loss due to poor trading decisions or any other actions which may lead to loss of funds.
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