BitMart, a premier global digital asset trading platform, will list Conflux Network on June 8, 2022. For all BitMart users, the CFX/USDT trading pair will be officially available for trading at 06:00 AM EDT.
What is Conflux Network?
Conflux Network is a fully EVM-compatible smart contract platform that features a Turing-complete state machine built on top of a high-throughput consensus protocol.
Conflux reaches an agreement on a transaction validator based on the total order of blocks organized in a Tree-Graph, a novel consensus mechanism that scales benefits relative to existing blockchains. After Hydra Hardfork, Conflux Network introduced a Proof-of-Stake (PoS) sidechain to complement its Proof-of-Work (PoW) chain, making the entire network more secure.
Conflux has a native token called CFX that serves as the reward for network miners and as a means for paying transaction fees. Along with the blooming of Conflux’s ecosystem, CFX appears to have more use cases in the decentralized worlds.
Conflux also seeks to overcome the problem of the unpaid smart-contract space occupation. In Ethereum, when introducing a new contract, a user merely pays at the time of the inclusion of the code in the chain whereas the community as a whole faces the burden of keeping the contract in storage. Conflux introduces ongoing costs of contract maintenance which give users an economic incentive to avoid wasting resources.
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Conflux seeks to attract users that actively use the network for value-added services. Conflux believes it is critical that there are no barriers-to-entry for those who make meaningful contributions. This is why Conflux is a permissionless network with economic-driven governance mechanisms that incentivize communityTo learn more about Conflux, please visit their Website, follow their Twitter and join their Telegram
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