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Conflux(CFX)

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$0.223671
(-0.86%)
0.00000333 BTC
Market Cap (Rank#94)
$903,516,234
13,435 BTC
Vol 24h
$24,271,671
360.902 BTC
Circulating Supply
4,039,323,356.51
Max Supply
?
48 days agonulltx
Web3 Tokens Stacks (STX) and Conflux (CFX) See 20% Gains As Raboo (RABT) Presale Soars to New Highs
The crypto market has seen a flurry of excitement following Bitcoin’s impressive pre-halving performance pre-halving. As the frenzy reverberates, Web3 tokens like Stacks and Conflux witnessed a significant uptick. The new meme star, Raboo (RABT), has not been left out. The innovative AI-backed Social-Fi project reached unprecedented heights in its […]
50 days agonulltx
Axie Infinity Price Prediction 2024, Conflux (CFX) Bullish Trend & BlockDAG’s $2 Million Community Giveaway Sparks Excitement
The Axie Infinity Price Prediction 2024 paints a promising picture for AXS, emphasising its unique play-to-earn model and robust governance structure. This insight attracts those currently seeking top crypto coins. Similarly, the bullish trajectory of Conflux (CFX) hints at its ascent in the cryptocurrency arena.  Amidst these developments, BlockDAG‘s $2 […]
103 days agocryptodaily
Hidden Winners: 3 Bargain Cryptocurrencies Set to Soar in Less Than a Month
The crypto market has tumbled recently despite the approval of Bitcoin ETFs by the SEC. However, crypto market experts believe that the market will recover with Conflux (CFX), Rebel Satoshi (RBLZ), and Mantle (MNT) leading the market upswing in the upcoming months.
114 days agonulltx
Conflux ($CFX) Surges Amid Strategic Partnership And BTC Layer 2 Solution
The public layer 1 blockchain Conflux ($CFX) experienced a notable surge of over 24% in the past 24 hours. Thereby, positioning itself as one of the top gainers on Coinmarketcap for the day, with an impressive 450% increase in its 24-hour trading volume. This surge is largely attributed to Conflux’s […]
161 day agocryptopotato
Another Bitcoin ETF Sent for Approval: Altcoin Season Has Officially Begun, Everlodge, Conflux, Fantom: Cryptos to Watch
Pando Asset AG recently submitted an application to the SEC for a Bitcoin ETF. This move places Pando among many contenders as it is now the 13th company to seek approval. This interest shows the growing appetite for cryptocurrencies, signaling the official start of the altcoin season. As the market awaits the SEC’s decision, investors […]
167 days agocryptopotato
Bitcoin (BTC) Stopped at $42K, Stacks (STX) Skyrockets 33% Daily (Market Watch)
Aside from STX, the other notable gainers from the mid-cap alts include Conflux, ORDI, and Flow.
187 days agocoindesk
Solana-Based Stablecoin Remittances Get a Boost with CFX Labs' Fresh $9.5M Fundraise to Expand Globally
Remittances are one of the most compelling use cases for stablecoins, offering fast, non-stop settlements and cheap transactions using blockchains as payment rail.
195 days agocointelegraph
Conflux multichain protocol shuts down after two years
ShuttleFlow will change ownership to be operated and developed by Zero Gravity.
221 day agocryptopotato
Conflux Takes the Lead in Web3 Innovation at China International Industry Fair
[PRESS RELEASE – Shanghai, China, October 12th, 2023] The 23rd China International Industry Fair (CIIF) held at the National Exhibition and Convention Center in Shanghai brought together the world’s industrial leaders, showcasing cutting-edge innovations from across the globe. Conflux Network stood out as the exclusive representative of Web3 technology, highlighting Conflux’s significance in the evolving […]
221 day agocryptodaily
Conflux Takes the Lead in Web3 Innovation at China International Industry Fair
Conflux Takes the Lead in Web3 Innovation at China International Industry Fair
229 days agocryptodaily
LayerZero and Conflux Partner to Build Blockchain-based SIM Card Ecosystem for APAC Region
The partnership between LayerZero and Conflux Network is set to significantly enhance the capabilities of China Telecom's BSIM card ecosystem.
256 days agonulltx
Top 3 Undervalued Tokens for September 2023: Borroe.Finance ($ROE), Lido DAO ($LDO), Conflux ($CFX)
Lido DAO ($LDO) and Conflux ($CFX) went bearish in August 2023. While Lido DAO ($LDO) recorded a minor price surge, Conflux ($CFX) took a significant loss. Right now, investors say the best cryptocurrency for investment in Q3 and Q4 2023 is Borroe.Finance ($ROE). Borroe ($ROE) sold 25 million tokens within five days in the last […]
300 days agocryptodaily
Conflux (CFX) Price Prediction: Is Uwerx (WERX) A Better Crypto Investment Than The Them?
Crypto enthusiasts usually go for cryptocurrencies that have been around for a while because of these coins' proven success in the market. But the story is different with the new project Uwerx, which has traders buying in bulk even though it has yet to launch. Uwerx is having a successful presale, to the amazement of its developers and the benefit of early investors. Having smashed through its first four stages in less than two months, analysts believe Uwerx will make a better investment than Open Campus (EDU) and Conflux (CFX). Open Campus (EDU) Sees An Downward Trend Open Campus (EDU) has reached a wider audience since it partnered with Animoca Brands to launch the Web3 Global Educators Fund. This has translated to an increase in the number of members joining the Open Campus (EDU) community. Additionally, the project's Publisher NFTs have become a favorite among educators and content creators as it gives them the means to earn revenue for their work. Despite the increase in Open Campus (EDU) adoption, the project has not risen in price in the last seven days. Open Campus trades at $1.00, representing a -13.84% decrease in the last seven days. Analysts predict it to trade at $2.07 by the first quarter of 2024 Conflux (CFX) Rises In The Last 24hrs The past 24hrs have been good to Conflux (CFX). The project trades at $0.24, representing a 9.37% increase within 24 hours. Although this current price represents a -23.55% decrease in the last seven days, Conflux (CFX) holders believe this could be the start of the project's bull run. Conflux (CFX) announced on June 2 via Twitter that it has partnered with Code4arena. This collaboration will provide enhanced security for both ecosystems. Following the partnership, the Conflux (CFX) team announced on June 6 that they were aware of the recent cross-chain irregularity in their ecosystem. They assured users they had taken preventive action by removing Multichain's co-mint rights. This will ensure the security of user assets. The project also stated that they had not detected any loss, and the ecosystem was functioning as usual. With more partnerships and improvements, analysts believe the CFX token could increase to $0.31 by the end of this year. Join The Future Of Decentralized Freelancing With Uwerx (WERX) According to a 2022 statistic from Velocity Global, at least 36% of the American workforce freelances. This suggests a need to bring new ideas and innovations to the freelance industry. Uwerx is entering the cryptocurrency market as a much-needed innovation that will revolutionalize the gig economy. It will offer unique benefits to freelancers, such as a minimal 1% transaction fee, fast payments, intellectual property rights protection, and more. Still on presale, Uwerx is already making significant strides and attracting investors' attention. Uwerx is currently valued at $0.05245 in its ongoing fifth presale stage. However, analysts see the project growing exponentially in the coming months. They predict the WERX token to rise above $2.6 by Q4 2024. Uwerx takes the security of investors' funds seriously. The project has received audits from InterFi Network and SolidProof, ensuring top-tier protection. It also implemented a 25-year lock on developers' liquidity tokens on June 7, 2023. Additionally, Uwerx released the Alpha version of its platform on May 19, 2023. This version features a Landing page, Sign-up page, Login page, Forgot Password, Hiring Dashboard, Freelancer/Client Initiation, The Initial Step of Job Creation and Initial Step of Finding Talent, My Activity, and Job Creation process pages. All these features will lead to the rollout of the platform's Beta version, enabling users to test and experience the platform. User feedback is expected and can be sent to the email: [email protected]. The Uwerx Vault is another fantastic feature of Uwerx. Launched in April 2023, this feature allows users to store their WERX tokens for various lengths of time. Users will also earn rewards for using the Vault. Uwerx's presale will end on July 31, 2023, so investors are advised to take advantage of the current low price to join the community before Uwerx launches into the coin market. The Uwerx team pays attention to the community's needs and makes adjustments to solve those needs. The developers recently asked the community to vote on a test airdrop. 98.2% of respondents voted in favor of the test airdrop, which the team believes will enable users to verify their receiving wallet addresses. They will also relinquish smart contract ownership of the project, which will take effect once it lists on centralized exchanges. These moves have increased investors' confidence in the project and have made them believe that Uwerx could be a prominent project in the coin market by the end of this year. So what are you waiting for? Join this exciting presale and enjoy a 15% purchase bonus through the links below: Presale: invest.uwerx.network Telegram: https://t.me/uwerx_network Twitter: https://twitter.com/uwerx_network Website: https://www.uwerx.network Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
305 days agocryptopotato
Conflux And World Mobile Join Forces To Expand Blockchain-based Mobile Access
[Press Release – Toronto, Canada, July 20th, 2023] Conflux Network, the first regulatory-compliant public blockchain in China, has today announced a new collaboration with World Mobile, the only global mobile network built on the blockchain. The partnership comes on the heels of the successful launch of the Conflux BSIM card earlier this year and will […]
305 days agocryptodaily
Conflux And World Mobile Join Forces To Expand Blockchain-based Mobile Access
Toronto, Canada, July 20th, 2023, ChainwireConflux Network, the first regulatory-compliant public blockchain in China, has today announced a new collaboration with World Mobile, the only global mobile network built on the blockchain.The partnership comes on the heels of the successful launch of the Conflux BSIM card earlier this year and will see the two companies work together initially in four areas:1) Public BridgingWorld Mobile Token (WMT) will bridge from Cardano blockchain into the Conflux blockchain ecosystem and will be the first bridge outside the Cardano ecosystem for the mobile network’s native token.2) Tech IntegrationWorld Mobile and Conflux will collaborate on the technical integration of the Conflux network into World Mobile's sidechain, AyA,bringing EarthNode capabilities and financial settlement to the Conflux network.3) Asian and African Market ExpansionConflux and World Mobile enjoy a strong presence in the Asian and African markets, respectively. The two businesses will work together to leverage these strengths to increase connectivity, drive user acquisition and further market penetration in key markets. Conflux’s CFX now ranks top 3 in most popular crypto currencies in Nigeria.This is especially relevant as Nigeria holds nearly 67% of crypto interest in Africa. World Mobile has recently concluded successful field tests of its hybrid dynamic network in Nigeria, following a successful commercial launch in Zanzibar earlier this year.4) Blockchain-based SIM card developmentWorld Mobile and Conflux will collaborate on how the mobile network can best utilize Conflux’s blockchain-based SIM card to increase access to digital connectivity across the world.YuanJie Zhang, Co-Founder of Conflux, said of the partnership: “Conflux Network takes its mission to push the frontier of Web3 adoption at a low cost, with fast speed and decentralized security very seriously. One important strategy is to promote collaboration with telecommunication service providers all over the world. World Mobile is the next significant partner Conflux brings on board after China Telecom. Together, affordable and applicable blockchain technology is bridged beyond Asia to the rest of the world.”Zachary Vann, Head of Token, World Mobile Token added: “We are excited to work with Conflux to build a more connected and inclusive future. This partnership will accelerate our market expansion in Asia and to provide connectivity globally. The Conflux network has a unique, regulatory-compliant blockchain, and the world's first blockchain-based sim cards bring many opportunities to our mobile network and our AyA chain. This is our most significant partnership to expand our network and sharing economy into the Asian markets and beyond.”About ConfluxConflux Network is a permissionless Layer 1 blockchain connecting decentralized economies across borders and protocols. Recently migrated to hybrid PoW/PoS consensus, Conflux provides a fast, secure, and scalable blockchain environment with zero congestion, low fees, and improved network security.As the only regulatory-compliant public blockchain in China, Conflux provides a unique advantage for projects building and expanding into Asia. Conflux has collaborated with global brands and government entities in the region on blockchain and metaverse initiatives, including the city of Shanghai, McDonald’s China, and Oreo.Learn more: https://confluxnetwork.org/About World MobileWorld Mobile was founded with a far-reaching goal: to connect everyone, everywhere while advocating for economic freedom and dignity. Unlike traditional mobile networks, World Mobile is based on blockchain and incentivizes people to be part of a sharing economy that taps into the trillion dollar global telecom market. Individuals and business owners around the world can operate nodes on its network and bring their community online while earning revenue.Learn more: https://worldmobile.io/ContactMelissa TireyShift6 [email protected]
305 days agocryptodaily
Crypto Market Analysis for H1 According to CoinMarketCap
CoinMarketCap has released a report on the global crypto market after H1. The report delves into a general market overview, recent key events, and what it expects H2’s key themes will be. Today, CoinMarketCap, the world’s leading price-tracking website for crypto assets, released its 2023 H1 Crypto Market Analysis Report. Crypto Market Kicks 2023 Off Strong The crypto market started this year with a bang witnessing the bitcoin price doubling, the rise of L2s such as Arbitrum and ZK, and the NFT market showing signs of improvement. By the end of Q2, the global crypto market capitalization reached an impressive $1.17 trillion, marking a 48% YTD increase. Q1 and Q2, however, concluded with similar total market caps, meaning Q2 showed much less growth. Q2 was instead characterized by trends such as the “memecoin” frenzy and the rise of BRC20 tokens, which, despite being noteworthy, did not garner the same excitement as the previous quarter’s developments. Market sentiment improved significantly by the end of Q1, with the CMC Crypto Fear and Greed Index registering at a neutral 52 – a vast improvement over the start of the year, which registered a fearful 30. According to CMC’s report, the Total Spot Trade Volume of the Top 20 Crypto Exchanges peaked in March but declined by around 36% quarter-on-quarter. Top Growing Sectors Despite what can only be called challenging market conditions, certain industry sectors witnessed remarkable growth in market cap year-to-date. VR/AR (704%0 and AI & Big Data (323%) exceeded expectations, while blue-chip decentralized finance (DeFi) projects appear to be making a strong comeback. The “memecoin” frenzy saw the sector add over 260 new coins YTD, with AI & Big Data taking second place, adding 61 coins. DeFi ranked third, adding 47 new listings YTD. Bitcoin and Ethereum Developments The market’s top tokens, Bitcoin (BTC) and Ethereum (ETH) experienced several events, resulting in noteworthy price fluctuations. CMC’s Top Views CoinMarketCap saw a surge in views from the memecoin sector as $PEPE took the industry by storm. PEPE’s explosive rally of over 3700x from April to May sparked particular interest in the sector, and it joined CMC’s “Most Added to Watchlist.” Memes also registered the most engagement in CMC Community. The DeFi sector registered sustained interest throughout the year’s first half to become the second most viewed. Sector interest largely focused on Terra Classic (LUNC) as Binance burned 2.65 billion LUNC tokens, worth approximately $236,000. AI and Big Data have undoubtedly marked 2023 following the launch of OpenAI’s revolutionary ChatGPT, and it is reflected in views. Best Performing Coins Arbitrum ecosystem tokens such as Pendle (PENDLE) and Radiant Capital (RDNT) appeared to be H1’s top gainers, along with Optimist ecosystem tokens such as Velodrome Finance (VELO). Other top gainers include layer-one blockchains, including Dione Protocol (DIONE), Conflux (CFX), and Injective (INJ). AI-related tokens such as SingularityNET (AGIX) and Render (RNDR) also performed well. Key Themes for H2 CoinMarketCap identified the key themes for the second half of 2023. Bitcoin ETFs The crypto news cycle has recently been dominated by talks of Bitcoin ETFs after BlackRock, the world’s largest asset manager, filed for a Bitcoin spot ETF with the SEC. News of BlackRock’s application spurred a host of other firms, such as Valkyrie, Fidelity and 21 Shares, to announce they are also seeking ETF approval. The SEC has yet to approve any of the applications. Should the regulator grant these ETFs, they could unlock substantial investor demand by offering regulated products for asset allocation. Decentralized Public Infrastructure Networks One of H2’s key themes will be Decentralized Physical Infrastructure (DePIN). DePIN is still in its early stages of expansion and aims to provide solutions for access sharing of physical assets or services like warehousing and data networks. Real World Assets (RWAs) The tokenization of assets has become an increasing focus for the crypto asset industry. Projects focused on making RWAs tradeable on-chain largely consist of credit market protocols such as Maple Finance and Goldfinch allow businesses to use DeFi to secure financing and loans. Liquid Staking Derivative (LSDs) Liquid Staking Derivative witnessed a dramatic surge in activity in H1 owing largely to Ethereum’s Shapella upgrade. Market leaders such as Lido and Rocket Pool saw their TVLs rise 138% and 220%, respectively. By the end of June, LSD platforms secured over a third of Ethereum’s Total Value Staked. Restaking The introduction of EigenLayer – a middleware platform which allows staked ETH or liquid staked ETH tokens to be reused on the consensus layer, prompted restaking as an emerging theme in H1. Restaking was in demand after EigenLayer’s Restaking Smart Contracts were deployed and reached their maximum limits within a day of the mainnet launch. zkSync zkSync, a zero-knowledge roll-up solution, emerged as a popular Ethereum-based layer-2 solution and strong competitor against Ethereum optimistic roll-ups, including Optimism and Arbitrum. zkSync utilizes zero-knowledge technology to offload traffic from Ethereum to an efficient second layer, helping to increase Ethereum’s throughput while enabling an array of new applications. Modular Blockchains (Celestia) Most layer-1 blockchains are monolithic chains that result in issues surrounding efficiency, stemming from the blockchain trilemma of decentralization, security and scalability. Modular blockchains like Celestia address these issues by separating blockchains into three layers: execution, settlement, consensus and data availability. In doing so, modular blockchains provide developers with modular data availability and consensus layers which dApps and sidechains can leverage to bootstrap development. FTX Bankruptcy Developments After FTX collapsed, its depositors could not determine how much of the almost $9 billion shortfall could be collected during the liquidation process. In January, it emerged that more than $5 billion in liquid assets were collected, and this number subsequently increased to $7 billion. The firm overseeing FTX’s restructuring recently contacted creditors, giving them a “Customer Bar Date” of September 29, 2023. Debtors are, however, unlikely to receive a payout until at least H2 2024. Bitcoin Remains Most-Viewed Crypto Across All Regions Regional differences in interest in various crypto sectors were insignificant. Bitcoin continues as the most-viewed crypto across all regions in H1 2023, similar to data from Q4 2022. Bitcoin’s dominance over altcoins increased by 25% from 40.09% at the beginning of the year to 50.39% at the end of H1. As expected, the US continues to dominate the distribution of crypto users worldwide. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
327 days agocoindesk
China Blockchain Conflux Gets $18M From DWF Labs, CFX Drops 6%
Conflux token's dour reaction is consistent with the prevailing investor disinterest in alternative cryptocurrencies.
327 days agocryptopotato
DWF Labs Doubles Down on Conflux with $28 Million Invested
[Press Release – Hong Kong, China, June 28th, 2023] DWF Labs, the global digital asset market maker, and multi-stage Web3 investment firm, has further strengthened its commitment to support the growth of Conflux, the tree-graph consensus algorithm Layer-1 blockchain. Conflux has been gaining significant traction since February 2023 on the back of some key partnerships, […]
328 days agonulltx
Encoded Potential: How TMS Network (TMSN) Paves the Way for Conflux (CFX) and Terra (LUNA)
Conflux (CFX) and Terra (LUNA) are two promising platforms in the rapidly developing blockchain industry that have attracted the attention of both investors and enthusiasts. However, the true catalyst behind their success lies in the innovative and robust infrastructure of TMS Network (TMSN). This article delves into the encoded potential of TMS Network (TMSN), uncovering […]
343 days agocryptodaily
Crypto Veteran Howard Yuan Joins LBank Labs as Venture Partner
Road Town, British Virgin Islands, June 12th, 2023, ChainwireLBank Labs, the leading venture fund of global crypto exchange LBank, is thrilled to announce the addition of Howard Yuan to its team. Yuan brings a wealth of experience and expertise in the crypto industry, making him a valuable asset to the organization.With a background as a crypto OG and extensive experience as a venture capitalist, Yuan has played a pivotal role in the success of numerous projects throughout his career. Prior to joining LBank Labs, Yuan served as the managing partner for Fundamental Labs, and also held significant management positions at prestigious companies such as IBM and E&Y. Yuan’s long-term optimistic outlook on the crypto industry has consistently guided his decision-making and investments.During his tenure at Fundamental Labs, Howard Yuan made strategic investments in prominent projects such as Coinbase (Coin), Binance (BNB), Polkadot (DOT), Avalanche (AVAX), Conflux (CFX), Stacks (STX), Certik (CTK), NEAR, Mask, and RSS3.In Yuan's new role as Venture Partner at LBank Labs, Yuan will leverage his extensive experience and expertise to propel the fund to new heights. Yuan aims to position LBank Labs as the leading global VC fund for blockchain and decentralized finance, facilitating the growth of innovative startups and contributing to the development of a prosperous Web3 future.While acknowledging the inherent volatility of crypto markets, Yuan is confident in the underlying order and innovation within the industry. “I will work closely with the LBank Labs team to identify and support the most talented entrepreneurs, overcoming challenges and building a thriving ecosystem,” Yuan said. When asked about the most remarkable trends he has witnessed in the industry, he highlighted the exciting mass adoption, maturing infrastructure, and emergence of new protocols. “Despite the current bearish sentiment in the crypto market, I believe that this is an opportune time to help early-stage Web3 startups navigate the bear cycle and achieve success,” he explained.LBank Labs is delighted to welcome Howard Yuan to the team and is excited to harness his insights and knowledge. With Yuan's addition, LBank Labs reinforces its global commitment to nurturing and empowering the next generation of blockchain and cryptocurrency startups.About LBankLBank is one of the top crypto exchanges, established in 2015. It offers specialized financial derivatives, expert asset management services, and safe crypto trading to its users. The platform holds over 9 million users from more than 210 regions across the world. LBank is a cutting-edge platform that ensures the integrity of users’ funds and aims to contribute to the global adoption of cryptocurrency.Start Trading Now:lbank.comCommunity & Social Media:TelegramlTwitterlFacebooklLinkedInlInstagramlYouTubeContactGlobal PR DirectorJeremy Van der [email protected]
344 days agonulltx
As Conflux (CFX) and Kava (KAVA) Prices slide, here’s why DigiToads is a Better Investment
Conflux (CFX) and Kava (KAVA) face strong resistance in the market, depicted by strong price movements to the downside. In contrast, DigiToads (TOADS) has turned out to be a bright spot in a bear market, rallying by more than 140%, and its presale is on track to raise millions. The opportunity to buy into DigiToads […]
359 days agocryptodaily
Sparklo (SPRK) Brings New Innovation To Crypto Network As Neo (NEO) And Conflux (CFX) Witnesses Price Changes
Amid the evolving cryptocurrency landscape, Sparklo stands out as a promising market entrant with its innovative concept and strong use case. Unlike Neo(NEO) and Conflux (CFX)), which have faced recent challenges, Sparklo is gaining recognition as an exciting contender ready to make significant strides in the dynamic cryptocurrency market. Sparklo (SPRK): Revolutionizing blockchain investments through premium metals Sparklo sets itself apart as an innovative investment platform on a mission to reshape the way traders interact with esteemed metals like gold, silver and platinum. Opening up exciting investment opportunities. By utilizing advanced blockchain technology, Sparklo creates a user-friendly and efficient trading environment specifically designed for precious metals. With an incredibly low presale price of just $0.026, Sparklo presents a promising investment opportunity. Investors can engage in fractionalized NFT trading, where each token is intrinsically backed by valuable metals. Investors are drawn to Sparklo's transparent network as its smart contract undergoes audits conducted by InterFi. With projected growth potential estimated to be a remarkable 4,000 times, Sparklo has the potential to become one of the top 100 cryptocurrencies. This prospect magnetizes both crypto enthusiasts and investors, generating significant interest in the platform. >>>> BUY TOKENS <<< Conflux (CFX) recent partnerships push its price up slightly New strategic alliances with TaskOn and Port3 Network have increased Conflux's (CFX) network's potential. Furthermore, Conflux (CFX) is enhancing its DeFi functionality through upcoming projects such as vSwap, Rime Finance, Mold Finance and Flux Fire. These developments have garnered positive feedback from the Conflux community and have had a favorable impact on the Conflux (CFX) price. Currently trading at $0.29, the token has experienced a 1.91% increase in the last 24 hours, accompanied by a 22.31% rise in trading volume since yesterday. Conflux (CFX) is currently at a support level of $0.25; if it breaks this level, it could result in a price decline to $0.14. Neo (NEO) price pushed up as the network recently announced its support for AI Neo (NEO) price experienced an upward drift on Monday, rising to $9.72, surpassing the weekend low of $8.67. The reason behind this increase in a low-volume environment remains unclear. However, Neo's (NEO) involvement in the rapidly growing field of artificial intelligence (AI) may have contributed to the price rise. Neo (NEO) recently announced the winners of its NeoChat ChatGPT launch competition, highlighting its investments in AI. According to CoinMarketCap, Neo (NEO) trading volume in the past 24 hours exceeded $87 million, slightly above the 7-day moving average. Despite this jump, Neo (NEO) price remains significantly lower than its year-to-date high of $15.68. Holders of Neo (NEO) are now recognizing the promising opportunities Sparklo presents. Find out about the Sparklo presale using the links below Buy Presale: https://invest.sparklo.finance Website: https://sparklo.finance Twitter: https://twitter.com/sparklo_finance Telegram: https://t.me/sparklofinance Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
362 days agocoindesk
Layer 1 Blockchain Tenet Partners With Conflux and Qtum for More Exposure in China
The partnerships are aimed at increasing the liquid staking industry’s presence in Chinese markets.
362 days agocoindesk
'Chinese Ethereum’ Conflux Draws Spotlight as Hong Kong Welcomes Retail Traders
CFX tokens initially spiked in price after Hong Kong’s decision on retail investors, which some say could lure capital from Chinese investors.

About Conflux?

The live price of Conflux (CFX) today is 0.223671 USD, and with the current circulating supply of Conflux at 4,039,323,356.51 CFX, its market capitalization stands at 903,516,234 USD. In the last 24 hours CFX price has moved -0.007731 USD or -0.03% while 27,151,552 USD worth of CFX has been traded on various exchanges. The current valuation of CFX puts it at #94 in cryptocurrency rankings based on market capitalization.

Learn more about the Conflux blockchain network and how it works or follow the price of its native cryptocurrency CFX and the broader market with our unique COIN360 cryptocurrency heatmap.

Introduction

Conflux (CFX) is a high-performance, permissionless blockchain network that aims to provide a secure and scalable infrastructure for decentralized applications (dApps). Conflux is designed to address the scalability trilemma, which refers to the challenge of achieving scalability, security, and decentralization simultaneously. Conflux uses a unique consensus mechanism called Tree-Graph (TG) that enables high throughput and low latency while maintaining security and decentralization.

Technology & Mechanism

Consensus Mechanism

Conflux uses a unique consensus mechanism called Tree-Graph (TG), which is a combination of a directed acyclic graph (DAG) and a blockchain. TG enables high throughput and low latency while maintaining security and decentralization. TG allows multiple blocks to be generated simultaneously, which increases the network's throughput.

Blockchain Technology

Conflux operates on a modified version of the Ethereum Virtual Machine (EVM) and is compatible with Ethereum smart contracts. Conflux's blockchain is optimized for high throughput and low latency, which makes it suitable for high-performance dApps. Conflux's blockchain also supports sharding, which enables the network to scale horizontally.

Key Features

Scalability

Conflux's Tree-Graph consensus mechanism enables high throughput and low latency, which makes it highly scalable. Conflux's blockchain also supports sharding, which enables the network to scale horizontally.

Security

Conflux's Tree-Graph consensus mechanism ensures the network's security by preventing double-spending and other attacks. Conflux's blockchain also supports smart contract auditing, which helps to identify and fix vulnerabilities in smart contracts.

Privacy

Conflux's blockchain supports privacy-preserving smart contracts, which enables users to execute transactions without revealing their identities. Conflux's blockchain also supports zero-knowledge proofs, which enables users to prove the validity of a statement without revealing any additional information.

Decentralization

Conflux's Tree-Graph consensus mechanism ensures the network's decentralization by preventing any single entity from controlling the network. Conflux's blockchain also supports decentralized governance, which enables the community to participate in the decision-making process.

Development Team & Governance

Conflux was founded by a team of researchers from Tsinghua University in China. The team is led by Dr. Fan Long, who is a professor at Tsinghua University and a leading expert in blockchain technology. Conflux's governance model is decentralized, and the community participates in the decision-making process through on-chain governance.

Use Cases & Potential Impact

Conflux's high scalability and low latency make it suitable for a wide range of use cases, including decentralized finance (DeFi), gaming, and supply chain management. Conflux's privacy-preserving smart contracts also make it suitable for use cases that require privacy, such as healthcare and identity management. Conflux has the potential to disrupt or enhance various industries by providing a secure and scalable infrastructure for decentralized applications.

Purchase & Storage

How to Buy

Conflux (CFX) is listed on various cryptocurrency exchanges, including Binance, Huobi, and OKEx. Users can buy CFX using fiat currency or other cryptocurrencies.

Wallets & Storage

Conflux (CFX) can be stored in various cryptocurrency wallets, including Ledger, Trezor, and MetaMask. Users can also store CFX in Conflux's official wallet, ConfluxPortal.

Partnerships & Collaborations

Conflux has partnered with various companies and organizations, including Chainlink, MakerDAO, and Ankr. These partnerships aim to enhance Conflux's ecosystem and provide more use cases for the network.

Roadmap

Conflux's roadmap includes various features and enhancements, including the launch of Conflux 2.0, which will introduce new features such as cross-chain interoperability and a decentralized exchange (DEX). Conflux also plans to expand its ecosystem by partnering with more companies and organizations.

Risks & Challenges

One of the main challenges facing Conflux is competition from other high-performance blockchain networks, such as Ethereum 2.0 and Polkadot. Another challenge is regulatory uncertainty, as the legal status of cryptocurrencies and blockchain technology varies across different jurisdictions.

Community & Regulatory Compliance

Community

Conflux has a vibrant and active community of developers, investors, and enthusiasts. The community participates in the decision-making process through on-chain governance and contributes to the development of the network.

Regulatory Compliance

Conflux is committed to complying with all applicable laws and regulations. The network is transparent and auditable, which helps to ensure regulatory compliance. Conflux also works with regulators and policymakers to promote the adoption of blockchain technology.

Conclusion

Conflux is a high-performance, permissionless blockchain network that aims to provide a secure and scalable infrastructure for decentralized applications. Conflux's unique consensus mechanism, Tree-Graph, enables high throughput and low latency while maintaining security and decentralization. Conflux has the potential to disrupt or enhance various industries by providing a secure and scalable infrastructure for decentralized applications.
Conflux Price0.223671 USD
Market Rank#94
Market Cap903,516,234 USD
24h Volume24,271,671 USD
Circulating Supply4,039,323,356.51 CFX
Max SupplyNo data
Yesterday's Market Cap889,321,728 USD
Yesterday's Open / Close0.227906 USD / 0.220175 USD
Yesterday's High / Low0.233669 USD / 0.218521 USD
Yesterday's Change
-0.03% ( 0.007731 USD )
Yesterday's Volume27,151,552 USD
Mining Info
Hashing algorithmOctopus
Pools (known)9
Pools Hashrate3.12 TH/s
Network Hashrate5.05 TH/s
By MiningPoolStats
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