What is CFX Coin?
CFX (Conflux Token) is the native cryptocurrency of the Conflux Network with a total supply of 686,178,000 tokens. The network utilizes its patented Tree-Graph consensus algorithm to create a high-performance blockchain platform that supports:
- Decentralized applications (DApps)
- Web3.0 ecosystems
- Open finance solutions
Current Market Data (24-hour period):
- Price: $0.072904
- Trading Volume: $59.4708 million
- Market Cap: $371.56 million
- Circulating Supply: 5,096,580,000 CFX
👉 Discover top platforms for CFX trading
Understanding Bitcoin (BTC)
Bitcoin revolutionized digital finance when launched in 2009, introducing key innovations:
| Feature | Description |
|---|---|
| Supply Cap | 21 million coins |
| Creation Method | Mining through proof-of-work |
| Key Characteristics | Decentralized, scarce, pseudonymous |
The pioneering cryptocurrency remains the market leader despite thousands of altcoins entering the space.
Purchasing CFX: Step-by-Step
- Select a reputable exchange - Look for platforms with strong liquidity and security measures
- Create an account - Complete identity verification if required
- Deposit funds - Use fiat currency or crypto assets
- Execute your trade - Buy CFX via spot markets or instant purchase options
👉 Begin your CFX investment journey
Mining Fundamentals
For those interested in cryptocurrency mining:
- Hardware Requirements: ASIC miners for Bitcoin, GPU/ASIC for some altcoins
- Operational Costs: Electricity typically comprises 60-80% of expenses
- Profitability Factors: Hashrate difficulty, equipment efficiency, energy costs
Digital Currency Landscape
Modern cryptocurrencies generally share three core traits:
- Decentralized issuance
- Programmed scarcity
- Secure transaction verification
FAQ: CFX and Cryptocurrency Essentials
Q: How does CFX differ from Bitcoin?
A: CFX uses a novel Tree-Graph consensus versus Bitcoin's proof-of-work, offering higher throughput while maintaining security.
Q: What's the safest way to store CFX?
A: Hardware wallets provide optimal security for long-term storage of any cryptocurrency.
Q: Can I earn interest on CFX holdings?
A: Many platforms offer staking rewards or savings products for CFX and other digital assets.
Q: How do cryptocurrency futures work?
A: These derivative products allow exposure to price movements without owning the underlying asset, with both standardized and perpetual contract options available.
Q: What determines CFX's value?
A: Like all cryptocurrencies, CFX's price reflects market demand, network utility, adoption rates, and broader crypto market trends.