|Market Cap||$ 708.1M|
|Volume 24h||$ 91.2M|
The current price of Conflux (CFX) is $ 0.19948900.
Conflux (CFX) is a unique cryptocurrency that operates using a novel protocol designed to combine security, decentralization, and scalability. It leverages the Proof of Work system, a mechanism used to confirm transactions and produce new blocks on their chain.
Conflux was created by a group of computer scientists and engineers with the aim of solving the scalability issue faced by many cryptocurrencies. They wanted to create a system that could handle a high volume of transactions without compromising on speed or security.
Conflux stands out from other cryptocurrencies primarily because of its innovative approach to scalability and security. It uses a unique mechanism that allows for high scalability without jeopardizing decentralization – something most cryptocurrencies struggle to achieve.
Conflux mining involves validating transactions and adding them to the Conflux blockchain. It's a crucial component of the network as it helps maintain integrity and security. Miners, in return for their effort and computational power, are rewarded with new CFX tokens.
Typically, a halving event in any cryptocurrency can be a significant market event as it reduces the cryptocurrency's supply. This scarcity has the potential to drive up the price of the cryptocurrency over time.
The Conflux network employs several security measures including a Proof of Work consensus algorithm, which requires prospective miners to solve difficult mathematical puzzles, making fraudulent transactions next to impossible.
There are currently 3.5B Conflux (CFX) in circulation.
Over the past 24 hours, Conflux's price has increased by +1.74%.
Conflux (CFX) can be safely purchased on several exchanges, including KuCoin, Gate.io, DigiFinex, Bibox, Indodax.
You can securely store your CFX in a digital wallet that supports this cryptocurrency. It's crucial to use trusted wallets and keep your private keys safe to ensure the security of your tokens.