What is Conflux Network (CFX) | What is Conflux Network token | What is CFX token
Conflux Network is an open protocol for a new world of DApps, finance, and Web 3.0. As a fast and secure public blockchain, Conflux Network combines Proof of Work and a Tree-Graph structure to power a new generation of decentralized commerce.
Born from the top minds of Tsinghua University and University of Toronto, Conflux Network is overseen by a diverse global team with the mission to promote cross border collaboration by developing decentralized open source technologies.
By adopting a scalability consensus mechanism and safely retaining fork blocks, Conflux realized a high throughput rate of 3000-6000 TPS.
Our Story
Conflux Network originated from the research lab of Turing Award recipient Dr. Andrew Yao at Tsinghua University.
This progressive research provides a solution to the ‘blockchain trilemma’ problem with a novel Tree-Graph consensus mechanism that optimizes security, scalability and decentralization.
In 2018, the Conflux Foundation was formed and a regulatory compliant fundraise was completed to build an open infrastructure based on this breakthrough consensus mechanism. Soon after, Conflux established itself as the only state endorsed public, permissionless blockchain in China.
As respected advocates of public blockchain infrastructure in China, Conflux is advancing the education and research in blockchain development. In 2020, Conflux established the Tree-Graph Research Institute in partnership with the government of Shanghai and the Key Laboratory of Blockchain Infrastructure & Applications with the government of Hunan.
Conflux has also expanded its global operations and community with a diverse distributed team of more than 50 members across over four continents, including offices in Toronto, Canada and Lagos, Nigeria.
Team
The core leadership of Conflux Network is comprised of prominent researchers, distinguished scientists and business leaders with backgrounds from some of the top universities in the world, including the Massachusetts Institute of Technology (MIT), Carnegie Mellon University, Tsinghua University and the University of Toronto.
Our collective experience ranges across the fields of distributed systems, computer science, cybersecurity, cryptography, game theory, economics, finance and more.
Initiated by our Founder Fan Long and supported by the Shanghai Municipal Goverment, the Tree-Graph Blockchain Research Institute was founded for the research of the underlying infrastructure of Conflux public blockchain system. Andrew Chi-chih Yao, world-renowned computer scientist and the only Chinese Turing Award winner, serves as Chief Scientist at the Institute.
Assets
Applying cutting-edge research to create a faster, next-generation blockchain with enhanced security and stability for the future of Web3.
Research and Technical Documents
Conflux Network combines the proven security of PoW with the innovative block ordering of the Tree-Graph and economic mechanisms ranging from transaction sponsorship to token staking.
Using the novel GHAST protocol for consensus, Conflux Network optimistically processes blocks without discarding any as forks and assigns weights to each block according to the Tree-Graph ledger structure.
The GHAST protocol and our system have been rigorously proven to achieve 3000+ transactions per second without sacrificing security or decentralization even under adversarial conditions.
Learn more about Conflux Network and our research below and how we are creating a secure and stable environment for the growth of applications and the Web3 space.
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How and Where to Buy Conflux Network (CFX)?
CFX has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy CFX
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)…
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)
Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)
After the deposit is confirmed you may then purchase CFX from the Binance exchange
Apart from the exchange(s) above, there are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once CFX gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!
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Find more information CFX
☞ Website
☞ Explorer
☞ Source Code
☞ Social Channel
☞ Message Board
☞ Documentation
☞ Coinmarketcap
🔺DISCLAIMER: Trading Cryptocurrency is VERY risky. Make sure that you understand these risks if you are a beginner. The Information in the post is my OPINION and not financial advice. You are responsible for what you do with your funds
Learn about Cryptocurrency in this article ☞ What You Should Know Before Investing in Cryptocurrency - For Beginner
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Wallet address:
BTC : 1FnYrvnEmov2w9fovbDQ4vX8U2dhrEc29c
USDT : 0xfee027e0acfa386809eca0276dab286900d75ad7
DOGE : DSsLMmGTwCnJ48toEyYmEF4gr2VXTa5LiZ
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