Conflux Information

Conflux is a blockchain platform that aims to achieve high throughput and fast confirmation times by using a unique Tree-Graph consensus mechanism. It distinguishes itself by allowing parallel processing of blocks and transactions, which can potentially reduce congestion and enhance efficiency. Conflux positions itself as a scalable and secure infrastructure for decentralized applications, catering to the growing needs of the blockchain ecosystem.

Conflux

$0.16

Title : Conflux
Symbol : cfx
Current Price $ : 0.157235 $
High 24h : 0.160558 $
Low 24h : 0.148978 $
Price Change 24h : -0.0016818887817126 $
Price Change % 24h : -1.05835 %
Market Cap : 759049355
Whitepaper : https://confluxnetwork.org/files/Conflux_Economic_Paper_20201230.pdf
Website : https://confluxnetwork.org/
Total Volume : 67347710
Market Cap Change 24h : -9726839.5735928
Market Cap Change % 24h : -1.26524 %
Circulating Supply : 4826487853.9961
Total Supply : 5585952508.5053
Last Updated : 2025-01-21 23:51
All Time High (ATH) : 1.7
ATH Change % : -90.73943 %
ATH Date : 2021-03-27 03:43
All Time Low (ATL) : 0.02199898
ATL Change % : 615.97913 %
ATL Date : 2022-12-30 08:16

more information

Understanding Conflux: A Unique Blockchain Solution

Conflux (CFX) is an intriguing project within the blockchain ecosystem, recognized for its foundational efforts in providing an accessible, scalable, and efficient public blockchain infrastructure. Originating from China, Conflux distinguishes itself by aiming to solve some of the pressing issues of congestion and scalability that currently beset many popular blockchain networks.

The Technical Edge of Conflux

Conflux employs a distinct consensus mechanism known as the Tree-Graph consensus algorithm. This innovative approach facilitates the parallel processing of blocks, enabling higher throughput and ensuring that the network remains robust and scalable without sacrificing decentralization. This capability positions Conflux as an attractive option for developers and businesses seeking a reliable and efficient blockchain to deploy decentralized applications (DApps).

Performance in the Market

Since its inception, Conflux has shown notable performance trends in the volatile crypto market. Conflux reached its all-time high (ATH) of $1.7 in March 2021, driven by the burgeoning interest in blockchain solutions and the expanding crypto sector in Asia. However, like many other cryptocurrencies, it experienced significant volatility, hitting an all-time low (ATL) of $0.02199898 in December 2022. Since then, Conflux has rebounded, exhibiting a change of 597.96546% from its all-time low.

Advantages of Conflux

One of the primary benefits of Conflux is its ability to facilitate high-speed transactions without congestion, which is crucial for the mass adoption of blockchain technology. Additionally, this scalability enhances its utility, making it suitable for a range of applications from financial services to supply chain management. Another advantage is its robust ecosystem, supported by strategic partnerships and collaborations primarily within the Chinese market, which supports its growth and integration into mainstream industries.

Challenges and Limitations

Despite its many strengths, Conflux is not without challenges. The cryptocurrency's dependence on regulatory decisions within China poses potential risks, as shifts in policy can directly impact its operation and adoption. Furthermore, the competitive nature of the blockchain space means that Conflux must continuously innovate to sustain its market position.

Future Outlook

Looking forward, Conflux has promising prospects. Its focus on scalability and speed addresses key issues that hinder the broader adoption of blockchain technologies. Furthermore, as blockchain solutions gain traction, particularly in Asia, Conflux is well-placed to leverage its regional expertise and strategic partnerships. However, the future success of Conflux will depend on its ability to navigate regulatory landscapes and its capacity to adapt to an ever-evolving digital environment.

In conclusion, Conflux presents a compelling case as a next-generation blockchain platform, offering a blend of innovation, efficiency, and strategic foresight. While challenges remain, its technological underpinnings and market presence provide a solid foundation for future growth and influence in the crypto world.

General Information
from price $0
Title Conflux
Symbol cfx
Whitepaper https://confluxnetwork.org/files/Conflux_Economic_Paper_20201230.pdf
Website https://confluxnetwork.org/
Community -
Last Updated 2025-01-21 23:51

Price Data
Current Price $ 0.157235 $
High 24h 0.160558 $
Low 24h 0.148978 $
Price Change 24h -0.0016818887817126 $
Price Change % 24h -1.05835 %

Market Data
Market Cap 759049355
Total Volume 67347710
Market Cap Change 24h -9726839.5735928
Market Cap Change % 24h -1.26524 %
Return on Investment (ROI) -

Supply and Availability
Circulating Supply 4826487853.9961
Total Supply 5585952508.5053
Max Supply -

Historical Data
All Time High (ATH) 1.7
ATH Change % -90.73943 %
ATH Date 2021-03-27 03:43
All Time Low (ATL) 0.02199898
ATL Change % 615.97913 %
ATL Date 2022-12-30 08:16