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What is Conflux coin (CFX) and how does it work?

by Financial Economy

Conflux is a public, permissionless blockchain that bridges the Asian and Western communities and economies to enable the secure flow of assets and data across borders, protocols and applications. CFX is the Conflux Network’s native utility token. Detailed information about what is Conflux coin (CFX), how does it work, how much it costs, how to buy, etc. is in the continuation of the content. You can browse here for information about Syntropy coin (NOIA).

What is Conflux coin (CFX) and how does it work?

Conflux, Turing Award winner Dr. It originated in Andrew Yao’s research lab at Tsinghua University. It is based on a Tree-Graph consensus mechanism that is optimized for security, scalability and decentralization.

In 2018, the Conflux Foundation was established and a regulatory fundraiser was completed to create an open infrastructure based on this consensus mechanism. Established as the only state-approved public blockchain in China, Conflux is advancing education and research in blockchain development through the Tree-Graph Research Institute in partnership with the Shanghai government and the Blockchain Infrastructure and Applications Main Lab.

Conflux has also expanded its global operations and community with a diverse distributed team of more than 50 members across four continents, including offices in Toronto, Canada and Lagos, Nigeria. Conflux Network, on the other hand, leverages open finance through its ecosystem of cross-chain protocols, exchanges and apps, which are legos to create the next generation of DeFi.

How to buy Conflux coin? How much is the CFX coin price?

Conflux coin can be purchased from crypto exchanges where it is listed. But it is necessary to make sure that the exchange is “reliable”. As of November 2, 2021, the price of 1 CFX coin is around $ 0.32. (price may change instantly)

Caution: The information contained in this content is for informational purposes only. It is not investment advice.

For information about crypto currency: https://en.wikipedia.org/wiki/Cryptocurrency

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