Conflux (CFX) Explained: Everything You Need to Know Before Investing by Founder Fan Long скачать в хорошем качестве

Conflux (CFX) Explained: Everything You Need to Know Before Investing by Founder Fan Long

Conflux (CFX) is a high-performance, scalable, and secure public blockchain platform that supports smart contracts and decentralized applications (DApps). It employs a unique hybrid consensus mechanism combining Proof of Work (PoW) and Proof of Stake (PoS) to achieve high throughput and low latency. *Key Features:* *Tree-Graph Consensus Algorithm:* Conflux's innovative Tree-Graph structure allows for the simultaneous confirmation of multiple blocks, enhancing network efficiency and enabling a transaction throughput of up to 3,000 transactions per second (TPS). *Hybrid PoW and PoS Model:* This combination ensures robust security and decentralization through PoW, while PoS components introduced in the 2022 Hydra upgrade provide network finality and staking opportunities for token holders. *Dual-Space Design:* Conflux comprises two distinct spaces: Core Space and eSpace. Core Space is the original network utilizing the hybrid consensus mechanism, while eSpace is fully compatible with the Ethereum Virtual Machine (EVM), facilitating easy migration of Ethereum-based smart contracts to Conflux. *Cross-Chain Interoperability:* Conflux supports seamless asset and data transfers between major blockchains, enhancing liquidity and fostering a more connected blockchain ecosystem. *CFX Token:* CFX is the native cryptocurrency of the Conflux network. It is used to pay transaction fees, earn rewards through staking, rent storage, and participate in network governance. The tokenomics include allocations for private investors, the foundation, the genesis team, community incentives, and ecosystem development. *Recent Developments:* Conflux has established strategic partnerships, including a collaboration with China Telecom to develop blockchain-based SIM cards (BSIMs) aimed at enhancing digital asset security and user experience. Additionally, Conflux's integration with "Little Red Book," China's equivalent of Instagram, allows its 200 million users to showcase NFTs minted on the Conflux blockchain, significantly expanding its user base. These innovations and partnerships position Conflux as a prominent player in the blockchain space, particularly within the Asian market, offering a robust platform for developers and users seeking high performance and regulatory compliance. Credit: ‎‎‎‎‎‎‎‎‎‎‎‪@Hummingbot‬ Full podcast:    • Conflux Co Founder Fan Long Interview...   We repurpose podcast clips to add value and share meaningful insights with audience. If you own the content and have any concerns or issues regarding the use of your video clips, please feel free to contact us for content removal request at [email protected] We are committed to addressing your concerns promptly and respectfully.