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A few weeks ago, we touched upon the controversies surrounding DWF Labs. They share a similar profile with high-risk companies from the last bull season. This serves as a warning for investors who haven’t forgotten the likes of 3CA, Genesis, and other bad examples. However, as a market maker that has recently come to the forefront, its announcements are positively affecting altcoin prices.
DWF Labs and CFX
Conflux recently shared details about its product integrated with the Bitcoin network. Now, DWF Labs, one of the most popular market makers of recent times, has announced the launch of a Proof of Stake (PoS) Node on the Conflux Network. This node will contribute to the security of the network and also demonstrates the company’s support for the Conflux ecosystem.
Following the official announcement, the CFX Coin price rose to over $6.3. The DWF Labs announcement stated:
“The launch of the PoS Node by DWF Labs will support Conflux’s mission to innovate within the Bitcoin ecosystem, especially with the upcoming release of the BTC Layer 2 (L2) solution. Conflux’s Proof of Stake consensus approach, which includes Verifiable Secret Sharing (VSS) based key sharing, is designed to enable decentralized management of Bitcoin assets. The corporate PoS Node by DWF Labs will play an effective role in maintaining the integrity of BTC assets bridged to the Conflux Network, thereby enhancing security and trust in Bitcoin innovation.”
