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Conflux network- Chinese Ethereum
Conflux enables creators, communities, and markets to connect across borders and protocols.
Tree-Graph consensus algorithm
Conflux's consensus is a hybrid mechanism that combines PoW and PoS. PoW miners produce blocks and sort them using the Tree-Graph algorithm, achieving high throughput and scalability. PoS nodes sign pivot blocks to finalize them, which reduces fork probability. The nodes are selected based on their stake in CFX tokens.
Tree-graph consensus algorithms use parallel processing of blocks and transactions to increase transactions per second and lower confirmation time.
Conflux consists of two spaces-
Core Space - It is the native space of the Conflux network evolved from EVM.
Core espace-It is the virtualized Ethereum chain running on top of the core space network.
Core Space and eSpace are two logically independent spaces with their transactions, account status, and contracts.
Key participants
Participants in the Conflux network ecosystem are
Direct Builders
System maintainers- Miners and Stakers
Ecosystem Contributors- Community users
Rewards
Users can stake tokens and receive an annualized rate of 4%, generated by the additional issuance of tokens. They can earn interest and voting rights by locking CFX tokens into the governance platform for a set period.
Features
Transaction per second 3000-6000
Block time- 0.50 seconds
CFXUSD pared some of its gains after jumping more than 25%. The pair holds well above the short-term (21 and 55 EMA) and long-term moving average. It hit a high of $0.2100 and is currently trading around $0.2070.
The bullish invalidation can happen if the pair closes below $0.10. On the lower side, the near-term support is $0.150. Any break below targets $0.10. Significant downtrend if it breaks $0.080.
The immediate resistance stands at around $0.250. Any breach above confirms bullish continuation. A jump to $0.30/$0.40 is possible. A surge past $0.380 will take it to $0.50.
It is good to buy on dips around $0.15 with SL around $0.10 for TP of $0.35.
