Buy Conflux (CFX)
What is Conflux?
Conflux is a public layer-1 blockchain designed to facilitate decentralized applications (dApps), e-commerce platforms, and Web 3.0 infrastructure. It aims to be more scalable, decentralized, and secure than existing blockchain protocols. Conflux is known for its high throughput, security features, and low transaction fees, making it suitable for a wide range of applications.
How does Conflux work?
Conflux operates on a unique Tree-Graph consensus mechanism that integrates Proof-of-Work (PoW) and Proof-of-Stake (PoS) algorithms. This consensus protocol, known as the GHAST, allows for parallel processing of blocks and transactions, increasing transaction throughput and lowering confirmation times. Conflux is also compatible with Turing-complete smart contracts written in Solidity, supporting integration with Ethereum-based tools and applications.
What are the potential use cases for Conflux?
Conflux has a diverse range of potential use cases, including:
- DeFi Platforms: Supporting decentralized exchanges and other financial applications.
- NFT Marketplaces: Facilitating NFT creation and trading.
- Cross-Chain Asset Transfers: Enabling seamless transfers using its ShuttleFlow cross-chain asset bridge.
- Telecommunications: Collaborating on blockchain-based SIM cards.
- Supply Chain Management: Using smart contracts to automate complex supply chain processes.
What is the history of Conflux?
Conflux was founded in 2018 by a team of experts, including Dr. Fan Long and Turing Award winner Dr. Andrew Chi-Chih Yao. It launched with significant investments and support, including a $35 million raise and a partnership with the Shanghai government. Over the years, Conflux has developed its unique technology, achieved compliance with Chinese regulations, and formed strategic partnerships that have boosted its market presence.
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Frequently Asked Questions (FAQs)
What is the current price of Conflux (CFX)?
The Conflux price is $0.27219324 AUD, representing a -0.72% from the day prior.
Where is the best place to buy Conflux (CFX) in Australia?
The best place to buy Conflux (CFX) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Conflux (CFX) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Conflux (CFX)?
The trading volume of Conflux (CFX) is $141.3M AUD in the last 24hrs, representing a -0.72% from the day prior.
How can I buy Conflux (CFX)?
Conflux (CFX) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Conflux (CFX)?
The current market cap of Conflux (CFX) is $1.3B AUD.
Can I convert Conflux (CFX) to cash?
Yes - With Coinstash you can convert your Conflux (CFX) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Conflux (CFX) are there?
The current circulating supply of Conflux (CFX) is 4.7B.
Is Coinstash a safe place to buy Conflux (CFX) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Conflux (CFX) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.