Conflux Price, News and Analysis (CFX)

Conflux Network (CFX) Frequently Asked Questions

What is Conflux Network?

In 2018, the Conflux Foundation was formed and a regulatory compliant fundraise was completed to build an open infrastructure based on this breakthrough consensus mechanism. Soon after, Conflux established itself as the only state endorsed public, permissionless blockchain in China. This progressive research provides a solution to the ‘blockchain trilemma’ problem with a novel Tree-Graph consensus mechanism that optimizes security, scalability and decentralization. (Description provided by CryptoCompare)

How do I buy Conflux Network?

It is not possible to buy all cryptocurrencies with U.S. dollars. Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S. dollars using Coinbase or BlockFi. Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including Conflux Network.

Where can I get Conflux Network wallet?

Conflux Network produces its own wallet software that is available for download on its website, which allows you to store Conflux Network on your computer. For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X. If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.

What is the value of Conflux Network?

One Conflux Network (CFX) is currently worth $0.32 on major cryptocurrency exchanges. You can also exchange one Conflux Network for 0.00000658 bitcoin(s) on major exchanges. The value (or market capitalization) of all available Conflux Network in U.S. dollars is $280.11 million.

What hashing algorithm does Conflux Network use?

Conflux Network is a proof of work (PoW) coin that uses the Octopus algorithm.

How do I mine Conflux Network?

Conflux Network can be mined using specialized mining software. XMR Stak is a commonly-used mining tool that works for CPU mining and GPU mining with both Nvidia and AMD graphics cards. CCMiner is another popular mining tool for computers with NVIDIA graphics cards. In addition to having mining software, you will need a Conflux Network and access to a mining pool that pools your effort with other miners and a wallet to store the Conflux Network that you earn from mining. Most cryptocurrencies have multiple publicly-available mining pools that can be found with a simple Google search.