What is the issuance price of CFX coins? How is CFX coin performing?

php editor Zimo will reveal the CFX coin issuance price and its characteristics for you. CFX coin is an encrypted digital currency, and its issuance price is related to market supply and demand. CFX coin is characterized by its advantages of decentralization, anonymity and security. As a digital asset, the price of CFX coins is affected by market fluctuations, and investors can buy and sell through trading platforms. However, investment requires caution and understanding market dynamics and risks to make wise decisions.

CFX Coin Today’s Price

¥ 1.4197 ≈ $ 0.1998

##CFX Coin Issuance Price and Issuance Time Introduction

The issuance price of CFX coins is US$0.12. Its issuance time is October 16, 2019. The total issuance volume is 5 billion coins, the circulation volume is 686 million coins, and the circulation rate is 13.72%.

Conflux Network is a scalable decentralized blockchain network designed for high throughput and fast confirmations.

Conflux Network’s consensus algorithm is based on a special directed acyclic graph (DAG) structure called a tree graph. Unlike Ethereum, Treegraph is able to merge and process transactions from all concurrent blocks, rather than just accepting transactions from a single chain into the ledger. CFX is the native functional token of Conflux Network and is used for network consensus, ecosystem incentives, network governance and mortgage.

What about CFX coins?

Conflux is a scalable, decentralized blockchain underlying platform with features such as high throughput and fast confirmation. Its core theory is that it can allow different blocks to be generated at the same time and use directed-based The sorting algorithm of the Acyclic Graph (DAG) concept is used to avoid the problem of bifurcation. It first determines the overall ordering of all blocks, and then determines the derived transaction ordering to improve the Satoshi consensus and break the throughput limit of the existing system. In addition, Conflux adopts the original GHAST consensus protocol. The GHAST protocol can optimistically handle concurrent blocks without discarding any forks, so it can fully utilize network bandwidth for higher throughput. The GHAST protocol can also dynamically determine the weight of each block based on the topology of the Conflux block relationship (called a tree diagram), thereby achieving high throughput while ensuring the confirmation speed and activity of the consensus system.

The infrastructure of Conflux includes the following components:

All participant nodes in Conflux are connected through the gossip network, which is responsible for broadcasting transactions to all nodes.

2. Pending transaction pool: Each node in the Conflux network maintains a pending transaction pool, which contains transactions that have been heard by the node but have not yet been packaged into any block. Whenever a node receives a new transaction from the Gossip Network, the node adds the transaction to its pool.

3. Block Generator: Conflux’s nodes use a Proof-of-Work (PoW)-based block generator to create blocks for pending transactions.

4. DAG state: Each node in Conflux maintains a local copy of the DAG, which contains all blocks known to the node. The principles of this architecture allow Conflux to combine the security and stability of Bitcoin with the scalability of modern blockchains in a single network.

5. The Conflux model ensures three highly desirable properties of a blockchain network: security, concurrent transaction processing, and correctness.

Its features are summarized as follows:

1. Scalability: TPS 3000, high-performance underlying network allows decentralized applications to run smoothly, allowing users to have an experience that is not inferior to any centralized system.

2. Diversity: Build new financial applications, digital assets, business applications and data economy and other application scenarios.

3. Security: PoW consensus mechanism ensures network security.

The above is the detailed content of What is the issuance price of CFX coins? How is CFX coin performing?. For more information, please follow other related articles on the PHP Chinese website!