What platform is cfx currency?

#What platform is CFX Coin?

CFX coin is a native token issued by Conflux Network. Conflux Network is a high-throughput, low-latency, scalable, and EVM-compatible blockchain platform.

Features of Conflux Network:

• High throughput: Conflux Network adopts Tree-graph architecture and can achieve a throughput of up to 6000 TPS.
• Low latency: Due to its consensus mechanism and Tree-graph architecture, the average confirmation time of Conflux Network is very short, usually within a few seconds.
• Scalability: Conflux Network is designed to scale over time, with its Tree-graph architecture allowing more parachains to be added to meet growing demand.
• EVM Compatibility: Conflux Network is compatible with the Ethereum Virtual Machine (EVM), allowing developers to easily port Ethereum applications to Conflux Network.

The function of CFX currency:

• Transaction Fees: CFX coins are used to pay transaction fees on the Conflux Network.
• Staking: CFX coins can be used to stake to validators to earn rewards.
• Governance: CFX coin holders can participate in the governance of Conflux Network and vote on the development of the network.

Advantages of CFX Coin:

• High Performance: Thanks to the high throughput and low latency nature of the Conflux Network, CFX coins can be traded quickly and efficiently.
• Low cost: Transaction fees on Conflux Network are relatively low compared to transactions on Ethereum.
• Compatibility: EVM compatibility allows developers to easily port existing Ethereum applications to Conflux Network, reducing development costs.
• Governance Participation: CFX coin holders can contribute to the development of the network by participating in the governance process.

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