What is CFX Coin? What are the characteristics of CFX coins?
CFX Token (Conflux Network Token) is the native token of the Conflux public chain and is used to pay transaction fees, mortgage pledges, participate in governance voting and cross-chain bridging. The Conflux public chain has attracted much attention due to its advantages such as high throughput, low latency and cross-chain interoperability, giving CFX currency potential for development.
Introduction to CFX Coin
CFX Coin (Conflux Network Token) is the native token of the Conflux public chain and was launched in July 2019. The Conflux public chain is China's first self-developed public chain project, featuring high throughput, low latency and cross-chain interoperability.
CFX currency plays an important role in the Conflux ecosystem. Its main uses include:
- Network fees: CFX currency is used to pay transaction fees on the Conflux public chain.
- Mortgage and pledge: CFX coins can be used for mortgage and pledge to support the consensus mechanism of the Conflux network.
- Governance voting: CFX currency holders can participate in the governance voting of the Conflux public chain and make decisions on the development direction of the network.
- Cross-chain bridging: CFX currency can be used as a medium for cross-chain bridging to transfer assets between the Conflux public chain and other blockchains.
Due to the unique technical advantages and wide application of the Conflux public chain, CFX currency is considered a cryptocurrency with development prospects.
The above is the detailed content of What is CFX Coin? What are the characteristics of CFX coins?. For more information, please follow other related articles on the PHP Chinese website!
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