The post A Scalable, Decentralized, and Secure Blockchain Platform  appeared on BitcoinEthereumNews.com.

Conflux (CFX) is a public layer-1 blockchain that seeks to power decentralized applications (dApps), e-commerce, & Web 3.0 infrastructure with more scalability, decentralization, and security than existing protocols. Conflux constructs it straightforward to transfer beneficial assets by making the process fast, efficient, free of network congestion, and with lower transaction prices. The platform utilizes the Tree-Graph consensus mechanism, which combines Proof-of-Work and proof-of-stake algorithms. This protocol keeps Turing-complete smart contracts noted in Solidity, as like Ethereum, and is compatible with the EVM. Conflux’s growth is driven by CFX, the platform’s native token, which gives users financial incentives to participate and engage more. The token is used to pay transaction fees, govern the network, and is given as a reward to miners who help secure the network by staking. Conflux Network (CFX) is used for Dr. Andrew Yao, a Turing Award winner, founded the Conflux Network (CFX). Ming Wu is the co-founder and chief technology officer, while Fan Long is the founder and president of Tree-Graph Blockchain Research Institute. YuanJie Zhang and YuanJie Zhang are co-founders and chief scientists of CFX Network. The project also has advisers such as Andreas Veneris and Andreas Park, who are experts in blockchain and computer science. Features of Conflux (CFX) The Conflux project has a unique technical architecture that is designed to solve some of the industry challenges and make it easier for both dApp developers and regular users. Conflux can interoperate with other blockchains through its cross-chain protocol, ShuttleFlow. This cross-chain bridge allows CFX to transfer assets to other networks like Ethereum, Binance Smart Chain (BSC), Huobi Eco Chain, and OKEx Chain. The platform delivers developers with a decentralized, secure, and scalable network and a set of tools and conditions compliant with the relevant regulations. As a result, developers can create multi-chain, scalable, secure,…

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Filed under: News - @ December 6, 2023 2:22 am