Stay in the Green Zone, Here's CFX Coin's Crypto Performance Today, March 25 2024

Liputan6.com, Jakarta – Conflux (CFX) is blockchain public layer 1 (layer-1) created to power decentralized applications (dApps), e-commerceand Web 3.0 infrastructure by being more scalable, decentralized, and secure than existing protocols.

Reporting from CoinmarketcapConflux makes it easier to transfer valuable assets by making the process fast, effective, free from network congestion, and with low transaction fees.

The platform is based on the Tree-Graph consensus mechanism, and combines algorithms Proof-of-Work (PoW) and Proof-of-Stake (PoS) to reach consensus.

The protocol uses Turing-complete smart contracts written in Solidity, like those on Ethereum, and is compatible with EVM (Ethereum Virtual Machine).

Conflux's growth is driven by CFX Coin, the platform's native crypto token, which provides users with financial incentives to participate and engage more.

CFX Coin is used to pay transaction fees, govern the network, and is given as compensation to miners who help secure the network through staking.

CFX Coin Price

Based on data from Coinmarketcap, Monday (25/3/2024) CFX Coin strengthened 12.36 percent in the last 24 hours. The CFX Coin price is currently at IDR 8,058 with a trading volume in the last 24 hours of IDR 6.7 trillion.

CFX Coin has a market capitalization of around IDR 30.9 trillion. To date, there has been a circulating supply of 2.8 billion CDX Coins, out of which the maximum supply is not available.