Is Conflux CFX unique and promising?
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Conflux adheres to top regulations in China and collaborates with global brands and government organizations including Shanghai, China Telecom, Little Red Book, McDonald’s, and Oreo.
Conflux operates as a Layer 1 blockchain connecting decentralized economies worldwide, featuring high scalability, speed, security, and near-zero transaction fees through user sponsorship mechanisms, decentralized mining, and developer compatibility, making it a unique and promising blockchain platform.
As a Layer 1 blockchain, Conflux processes 3000 transactions per second (TPS), significantly faster than Ethereum's approximate 150 TPS. Its near-zero gas fees enable cost-effective transactions.
Conflux adheres to Satoshi's vision for Proof of Work (PoW) blockchain, allowing anyone to mine Conflux tokens and approve blocks without relying on modern verification solutions. This decentralized approach promotes inclusivity and ensures no central authority controls the network.
Conflux Network (CFX) has raised $68.5 million through 3 funding rounds and 3 private CFX token sales from renowned investors in China.
Conflux has raised over $35 trillion through various investors including Sequoia China, Huobi Group, Shunwei Capital, and Rong360 in multiple private sales:
- Private Sale 1: 9.35% - 467.5 million CFX in August 2018, raising $30 million
- Private Sale 2: 0.21% - 10.5 million CFX in January 2019, raising $840,000
- Private Sale 3: 0.99% - 49.5 million CFX in August 2020, raising $4.95 million (*Referenced on BINANCE)
Conflux has also received $33 trillion in funding through the following grants:
- Shanghai Science and Technology Commission: $5 trillion in January 2021
- DWF Lab: $10 trillion in March 2023
- DWF Lab: $18 trillion in June 2023 (*Referenced on COINDESK)
Conflux Network collaborates with the Chinese government to advance education, research, and blockchain development.
In 2021, Conflux partnered with the Shanghai government to develop a new blockchain platform for administrative services, such as issuing certificates and managing urban data.
Utilizing blockchain technology enables organizations to create immutable transaction records, prevent fraud, reduce errors, and enhance efficiency. Moreover, smart contracts automate processes, minimize manual intervention, and accelerate service delivery. Implementing Conflux blockchain technology improves service security, transparency, and efficiency, unlocking new opportunities for innovation and development.
Conflux Network integrates staking features to foster the development of next-generation DeFi applications.
China's blockchain development plan in the cryptocurrency market will emphasize the Belt and Road Initiative (BRI), which has been nurtured for a long time.
On March 30th, officials from Conflux Network emphasized the project's core goal of building a public blockchain infrastructure platform. This platform will efficiently support cross-border collaboration projects along the Belt and Road Initiative and provide a robust foundation for developing applications that demonstrate cross-border cooperation.
The BRI project will receive support from CFX - Conflux Network to accelerate rapid and robust development in the future! Let's look forward to new opportunities for growth and expansion together!
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