Latest Conflux updates on March 28th

Conflux Network is currently undergoing quite a few exciting projects and announcements. On March 28th, they hosted a podcast on AI x Blockchain together with Synesis and Taskonxyz, a cutting-edge Web3 Task Collaboration Platform, integrated with Conflux. On the same day, XCMG, the third-largest construction machinery manufacturer worldwide, has teamed up with Conflux and Zen Smart Contract for Decarbonization. On March 27th, Conflux released a new version of its v2.2.3-testnet upgrade, improving the network’s capabilities. On March 24th, the staking of CFX started on KuCoin with a rewarding 10% APR and Conflux Core Space went live on Tokenterminal to explore crucial metrics, insights & data. Additionally, Conflux is creating a mobile app to wrap access to the BSIM card, allowing users to manage their digital assets without any third-party. They are also partnering with Dmailofficial for Web3 cross-chain encrypted messaging, Thirdweb for transactions on Conflux, and Galaxy Blitz Game for in-game rewards. Finally, Naboxwallet is inviting the community to manage assets, DApps and NFTs on Conflux eSpace and other palatforms.

What is Conflux ?

The Conflux project is a revolutionary new blockchain technology that is designed to improve the user experience and provide greater scalability while ensuring that security and decentralization are not compromised. The project is powered by the CFX token, which is used to pay transaction fees, earn rewards through staking, rent storage, and participate in network governance.

Conflux is built on a breakthrough Tree-Graph consensus algorithm, which uses parallel processing of blocks and transactions to lower confirmation times and increase TPS. This is accompanied by a highly tested Proof-of-Work consensus system to provide increased security and anti-reentrance attack protection at the protocol level. Conflux also features ShuttleFlow, a lightening fast cross-chain asset bridge that enables seamless asset transfers between multiple protocols. With Conflux, users can also benefit from a fee sponsorship mechanism that allows people with zero wallet balance to still engage with the blockchain.

The Conflux network offers numerous advantages over traditional blockchain systems. It has unmatched scalability, eliminating the consensus bottleneck of other blockchains without sacrificing security or decentralization. Furthermore, it has built-in staking interest that provides a foundation for innovative DeFi apps, with staked tokens currently receiving an annualized rate of 4%. Finally, Conflux also provides users with an easy-to-use Fluent wallet, making it easy to store, send and receive CFX tokens.

Overall, the Conflux project is a revolutionary new blockchain technology that is designed to revolutionize the way we use blockchain. It offers a secure, scalable, and interoperable platform that is accessible to all users and provides a foundation for the development of innovative DeFi applications. If you’re interested in learning more about the Conflux project, visit the official website for more information.

This article was published on 2023-01-29 by Marc Endevor. Information shown in this article was gathered from the project’s website and Twitter account. Coinvestigate cannot guarantee the accuracy of this information, or any news that may have impacted the project in the meantime.