Price of Conflux (CFX) today
As of the latest data, Conflux (CFX) is currently priced at $0.2222 with a market capitalization of $916.85M. The 24-hour trading volume stands at $26.45M, The circulating supply of Conflux is approximately 4.04B. The cryptocurrency has seen a -2.37% decrease in value over the past 24 hours.
About Conflux (CFX)
Conflux Network is a scalable and decentralized blockchain system designed for DApps, finance, and Web 3.0. It combines Proof of Work and a Tree-Graph structure to enable fast and secure transactions. Developed by top minds from Tsinghua University and University of Toronto, Conflux Network aims to promote cross-border collaboration through open-source technologies. The network operates on the GHAST consensus protocol, which processes concurrent blocks optimistically without discarding any as forks, ensuring high throughput and fast confirmation.
Conflux Network has undergone rigorous security testing, with the GHAST protocol guaranteeing logarithmically bounded liveness and low confirmation latency when adversarial computing power is limited. In real-world testing on Amazon EC2 clusters with up to 12,000 Conflux full nodes, the network achieved a consensus throughput of 9.6Mbps per node with a network bandwidth limit of 20Mbps. With a combined workload of random payment transactions and Ethereum historical transactions, Conflux Network can process up to 3,480 transactions per second while confirming transactions in under one minute. This makes it a promising platform for decentralized commerce and high-speed transactions.
How does Conflux work?
Conflux (CFX) is a decentralized blockchain platform that enables peer-to-peer transactions without the need for intermediaries. It utilizes a Proof of Work (PoW) consensus mechanism combined with a Tree-Graph structure to achieve high throughput and scalability. This unique architecture allows Conflux to process thousands of transactions per second, making it ideal for applications requiring fast and secure transactions. Conflux also supports smart contracts, enabling developers to create decentralized applications (dApps) on its platform. Its decentralized nature ensures transparency and security, making it a reliable platform for various industries such as finance, supply chain management, and gaming. Overall, Conflux stands out from traditional financial systems by offering a decentralized, efficient, and secure platform for a wide range of applications.
How to keep your Conflux (CFX) safe?
To keep your Conflux (CFX) safe, consider using hardware wallets like Ledger for enhanced security measures. These wallets store your private keys offline, making it harder for hackers to access your funds. Additionally, trusted platforms like OKX and Binance offer secure storage options and two-factor authentication to further protect your assets. By utilizing these tools and platforms, you can ensure the safety of your CFX holdings and minimize the risk of unauthorized access.
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Sentiment about Conflux (CFX)
Social media platforms are indicating a positive sentiment towards Conflux. The sentiment score, which represents the balance between positive and negative posts weighted by interactions, is broken down as follows:
• Reddit posts show 92%
• YouTube videos show 78%
• TikTok videos show 75%
• On X (formerly Twitter), sentiment towards Conflux varies. Approximately 37.59% of tweets express bullish sentiment, 26% express bearish sentiment, and 36.41% remain neutral. These sentiments are based on 131.76K tweets.
These findings are based on a total of 144.16K interactions over the last 24 hours, involving 131 unique social contributors to the topic.
This aligns with Conflux's market performance; it is currently priced at $0.23 with a market capitalization of $916.85M.
In addition, in the last 24 hours, the price increased by 1.36%. Market data suggests a bullish sentiment, indicating a positive outlook for the cryptocurrency.
