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COINTURK NEWS > Altcoin News > What is Conflux Network Coin?
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What is Conflux Network Coin?

In Brief

  • Conflux is a public blockchain that bridges Asian and Western communities and economies, enabling the secure flow of assets and data across borders, protocols, and applications.

  • The Conflux protocol is compatible with rapid, scalable, and robust operations, characterized by zero congestion and low fees.
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COINTURK NEWS 1 year ago
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Conflux is a public blockchain that bridges Asian and Western communities and economies, enabling the secure flow of assets and data across borders, protocols, and applications. The Conflux protocol is compatible with rapid, scalable, and robust operations, characterized by zero congestion and low fees. Based in Beijing, China, Conflux has expanded its global operations across four continents with a diverse distributed team and additional offices in Toronto, Canada, and Lagos, Nigeria.

Contents
What is Conflux Network (CFX)?How to Buy Conflux Network Coin?

What is Conflux Network (CFX)?

Conflux emerged from the research laboratory of Turing Award winner Dr. Andrew Yao at Tsinghua University. It is based on a Tree-Graph consensus mechanism optimized for security, scalability, and decentralization.

The Conflux Foundation was established in 2018, completing a regulatory-compliant fundraising to create an open infrastructure based on this consensus mechanism. Conflux, established as the only state-sanctioned public blockchain in China, is advancing education and research in blockchain development through a partnership with the Shanghai government and the Tree-Graph Research Institute in collaboration with the Blockchain Infrastructure and Applications Main Laboratory.

Identifying themselves as reputable advocates of public blockchain infrastructure in China, Conflux is advancing education and research in blockchain development. In 2019, the Conflux Hangzhou operation center was established. In 2020, Conflux founded the Tree-Graph Research Institute in cooperation with the Shanghai government and the Blockchain Infrastructure and Applications Main Laboratory with the Hunan government.

Conflux also expanded its global operations and community, including offices in Toronto, Canada, and Lagos, Nigeria, with a diverse distributed team of over 50 members across four continents.

On the other hand, Conflux Network is empowering open finance through its ecosystem of cross-chain protocols, exchanges, and applications – the building blocks of the new generation DeFi.

How to Buy Conflux Network Coin?

Conflux Coin can be quickly and securely purchased through Binance, the world’s largest cryptocurrency trading platform by trading volume.

To buy Conflux Coin, one must first register with Binance and then send fiat currency. After sending a fiat currency like the Turkish Lira or the dollar, one can purchase Conflux Coin in the Bitcoin (BTC), BUSD, and Tether (USDT) trading pairs.

Additionally, on Binance, users can place orders to buy at a lower value than the market price using the Limit tab. For this, entering the desired quantity and price will suffice.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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COINTURK NEWS 23 January, 2024 - 11:30 pm 23 January, 2024 - 11:30 pm
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