What is the prospect of CFX coins? An article introduces the prospects and value of CFX coin

Conflux Network's CFX coin exhibits promising prospects due to its superior TPS, low transaction fees, robust team, and Web3 Foundation support, making it an attractive option for DApp development.

Oct 17, 2024 at 07:36 am

What is the Prospect of CFX Coins?

Conflux Network (CFX) is a decentralized blockchain platform that aims to combine the best features of Ethereum and Bitcoin, the revolutionary layer 1 blockchain protocol.

Specifically, CFX is designed to overcome Ethereum's scalability issues, transaction delays and high gas fees, while inheriting Bitcoin's security and decentralization characteristics. Also in design, CFX adopts a parallel execution engine and DAG algorithm to achieve native sharding, and then realize a theoretical transaction processing capacity of up to 3000 TPS, and the fee is only 1/10,000 of Ethereum.

In addition, Conflux Network was the only public blockchain from China to be awarded a grant from the Web3 Foundation. The Web3 Foundation supports the development of the Web3 ecosystem, and CFX has a high degree of recognition and support, which is conducive to CFX's expansion of the global market and ecological development.

1. Prospect of CFX coins

(1) CFX's matrix has 3,000tps, and its TPS in laboratory tests has reached 6,000tps, making it much higher than the 10-20tps of Ethereum and 52tps of Bitcoin. Faster processing can meet the growing processing needs of the blockchain in the future, improving the user experience.

(2) In terms of fees, CFX's fees are very cheap. In the actual measurement of the main network, the gas fee is about 1/10000 of ETH. Lower fees can help attract more DApps and users to migrate to the CFX network, accelerating the development of its ecosystem.

(3) The CFX team is strong, the core team has rich development experience and successful entrepreneurial experience, so there is no need to worry about the abandonment of the project by the unreliable team, and the team's ability and execution can ensure the safety of the assets.

(4) Conflux is the only public chain project in China that has been recognized by the Web3 Foundation, and the Web3 Foundation has invested and supported Conflux Network. It is conducive to the expansion of Conflux's global market and ecological development, and attracts more DApps into the ecosystem.

2. The direction of CFX development

(1) The development focus of Conflux Network will be on various industry applications in the future, including the Internet of Things, supply chain management, finance, and more.
(2) Conflux Network has established a "Spark Program" with a total capital of US$50 million to encourage developers to build on its platform. Developers can use CFX as a token for payment or pledge.
(3) Conflux Network is committed to the development of the global community, and CFX can be used to participate in the governance of Conflux Network, including participating in consensus, voting on proposals, and applying for development funds.

It can be seen that the prospects of CFX project are good, and it is an excellent public chain suitable for various scenarios, especially for Dapp developers. The future can be expected.