CFX is the native functional token of the Conflux Network. According to the latest market data, as of August 18, 2021, at 10:48, the price of CFX is $0.3083, with a historical high of $1.7018 on March 27, 2021, and a historical low of $0.060827 on November 8, 2020. The circulating market value of CFX is $211 million, with a 24-hour trading volume of $17.6666 million. It is currently listed on 16 exchanges, and based on current data, the market circulation of CFX is quite good. So, what kind of token is CFX? Let me provide an analysis of the future value and prospects of CFX.
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What kind of token is CFX? What is the future value of CFX?
What kind of token is CFX?
The full English name of CFX is Conflux Token, with a total circulation of 685,841,352 CFX. Conflux is committed to building the next generation of high-performance public chain platforms. So far, Conflux is the first and only public chain to achieve high TPS without sacrificing any degree of decentralization or security. The Conflux network will provide over 2.4 billion CFX to incentivize the construction of ecosystems, including development tools, infrastructure, DApps, and more.
As a pioneer in blockchain infrastructure in China, the Conflux network has always insisted on promoting blockchain development and education. On January 9, 2020, the Shanghai Tree Blockchain Research Institute was officially established. On August 19, 2020, the Hunan Xiangjiang Tree Blockchain Innovation Center and the Key Laboratory of Blockchain Underlying Technology and Applications in Hunan Province were inaugurated.
The Conflux network team consists of over 50 members from four continents, with diverse cultures that keep Conflux always diversified. Our offices are located in Toronto, Canada, Lagos, Nigeria, and other places.
The core team of the Conflux network comes from Tsinghua University's "Yao Class" and renowned institutions such as MIT, Carnegie Mellon University, Tsinghua University, the University of Toronto, and Shanghai Jiao Tong University. Several members have won gold medals in the International Olympiad in Informatics (IOI) and ACM-ICPC programming competitions. Team members cover fields such as distributed systems, computer science, cybersecurity, cryptography, game theory, economics, and finance.
Analysis of the future value and prospects of CFX
According to data published on the official website, Conflux has a measured TPS of over 3000, while Ethereum is only 20, which is 150 times that of Ethereum. There is a consensus in the technical circle of the cryptocurrency world called the "impossible triangle," which states that it is difficult to achieve good "decentralization," good system "security," and high "transaction processing performance" simultaneously.
Conflux has made some algorithmic optimizations above this triangle, performing better.
Bitcoin has the lowest payment efficiency, and Ethereum made upgrades on top of Bitcoin, but its payment efficiency is still not ideal. Conflux currently supports 3000 transactions per second.
Since 2021, the price of Conflux (CFX) has jumped tenfold in two months, from less than 1 yuan to over 10 yuan at its peak, allowing many traders to make profits.
Therefore, those who made money on CFX naturally became loyal supporters of CFX, as nothing is more important than this.
Secondly, to encourage community development, Conflux is putting real money on the table. Conflux plans to reward over 2.4 billion CFX tokens, targeting funding for development tools and infrastructure that make the Conflux network easily accessible and composable, as well as decentralized applications that can drive user adoption, liquidity, and composability on the Conflux network.
Whether the price of CFX can continue to rise in the future depends on whether the construction of the CFX ecosystem can be successful. If the ecosystem built around CFX is rich enough, the future of CFX is promising.
I would like to remind all investors here that if you decide to invest in CFX, you must have a comprehensive understanding of CFX. Do not invest just because someone recommended it to you. No matter how impressive the person recommending it is, buying tokens is ultimately your own decision. Learn to be a truly knowledgeable investor with your own opinions, rather than someone who blindly follows the crowd.
The above is the detailed content on what kind of token CFX is and what its future value looks like.