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Conflux Network (CFX) price, chart, coin profile and news

Find the latest Conflux Network (CFX) price, coin profile, news and history to get you started with Conflux Network trading and investing.

Conflux Network (CFX) is the 143rd largest cryptocurrency in the world by market cap, valued at $373,928,781. The current price of Conflux Network is $0.06977, which is -8.690% lower than yesterday. Prices have ranged between $0.08354 and $0.05751 over the past 24 hours. All prices are listed in US dollars and accurate as of February 03, 2023 06:02 UTC.

Conflux Network price chart

Price over the past month

What is Conflux Network?

Conflux Network is a high-throughput blockchain based on a unique Proof-of-Work (PoW) consensus mechanism. The network was created by Turing Award recipient Dr Andrew Yao and is the only state-backed public blockchain operating in China.

It was built with the aim of high throughput, fast confirmation and to be utilised by global communities and economies.

The blockchain can process 3,000-6,000 transactions per second (tps), which is a transaction rate much higher than blockchains such as Bitcoin and Ethereum. The PoW mechanism, called Tree-Graph, optimises security and scalability without compromising decentralisation.

CFX is the native token of the Conflux Network and is at the core of the network’s ecosystem. The CFX token was designed to provide several economic benefits and promote participation in the network by rewarding behaviours that contribute to optimum functionality. Each token consists of smaller units known as Drips. These are comparable to Satoshis on Bitcoin. Drips are used to pay for transaction fees on the network. Any fees are collected and awarded to miners or those that maintain the Conflux Network.

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Conflux Network recent updates

Feb
'22
Conflux Network is finalising plans to release its Hydra fork, which will introduce new PoS technology and smart contracts to the network.
Mar
'21
Conflux partnered with OKX to help bring decentralized finance to China, a nation typically difficult to break into due to tough Government regulations

Conflux Network at a glance

Basic stats for Conflux Network

#143
$374 M
5 B
2 B
Fan long
David chow
Yuanjie zhang
Ming wu
Oasis foundation
Stablecorp
Bcw group
Lissx
Zip
Blockchain platform
Utility token
Conflux
Show all

Conflux Network performance over time

Conflux Network fundamental and technical analysis

Time frame
Movement
1 day
8.69%
1 week
143.70%
1 month
242.71%
2 months
171.53%
200 days
56.45%
1 year
31.87%
Show all

Social activity for Conflux Network

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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