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MarketCap’s Conflux Exceeds $1.2 Billion, Token Grows 150% In | Crypto Calendar News

MarketCap’s Conflux Exceeds $1.2 Billion, Token Grows 150% In 7 Days

According
to data from Coinmarketcap, the market value of the public chain project Conflux has exceeded $1.2 billion, reaching a record high, reaching $1,203,186,715 to date and becoming one of the “crypto unicorns”. The CFX token has become the most profitable crypto asset of the week from CoinMarketCap’s top 100 after its price increased by more than 150% during this period.

The Conflux Network project aims to optimize blocks at the same time or meet the processing capacity of each node up to 3,500 TPS. Moreover, Conflux’s technology can confirm a block in 23 seconds, reducing transaction fees compared to PoW or PoS projects. Conflux is a public blockchain platform, possessing the highest TPS (transactions per second) while ensuring the system’s decentralization and the network’s safety. This project is the result of a combination of a unique and advanced algorithm with a novel and innovative structure, the Tree Graph (TG). The project emerged after integrating with China’s Instagram partner, Xiaohongshu, earlier this year.

Source

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