Conflux is a cutting edge open blockchain framework that can accomplish high exchanges every second (TPS) without giving up decentralization or wellbeing.
One of the significant difficulties in the current Blockchain field is a low throughput rate. The current accessible POW-based blockchain frameworks all have an exceptionally low exchange amount. ConfluxThe existing rate limit for bitcoin is roughly 7 exchanges for every second and for Ethereum is around 30 exchanges for every second, which is path more slow than the current incorporated exchange administrations like Visa (which bolsters exchange amount of more than 1,000 TPS).
Conflux is here to change the game by adhering to Nakamoto’s agreement yet modifying convention parameters. By embracing the free IP Tree Graph (TG) structure, Conflux understood a high throughput pace of 3000-6000 exchanges for each second without settling on decentralization.
What has Conflux Accomplished So Far?
Conflux concluded its 1st round of private funding in 2018, which raised $35 million at the valuation of $400 million. Key investors include Sequoia China, Baidu, Shunwei, Metastable, and IMO ventures. Conflux will not be launching an ICO, IEO or any public sale event.
In December 2019, the Shanghai government agreed to open a research institute with Conflux, while considering an incubator center that could be set up by June 2020. The Conflux incubator center aims to invite developers and entrepreneurs from different regions to build decentralised applications (DApps) on the public permissionless blockchain developed by Conflux.
Conflux hired Eden Dhaliwal as managing director to lead its expansion in North America. Dhaliwal left Outlier ventures at the end of December after working at the Web3 venture capital firm for over three years. He previously worked as an advisor at DLT Labs and a mentor at Techstars.
Why is Entering the African Market Important?
The African project is a win-win for both Conflux and the African community. We are looking to establish a concrete community of developers, miners and also partner with local exchanges. The African Market is one of Conflux’s top priorities not only for brand recognition but much more on business integration and advancing the Blockchain industry.
The African market and its potential is one we do not take for granted, that’s why we have decided to appoint an African Representative, which means we are now closer to you and you will be seeing and hearing more from us.
What is the Status of Conflux’s Current Community?
Conflux’s name and influence started to spread out since early 2019, along with its testnet launch which came live in the first half of 2019. Now the project has strong and solid communities across China, Vietnam, Korea, and the US market.
The Conflux Bounty Program, which acts as the major community interaction platform, consists of various tasks, which include helping conflux develop its open-source code, improving a small widget or even promoting the Conflux community. Unlike traditional bounty platforms, the bounties can be claimed by community members with different backgrounds. Community members can claim Fans Coin (FC) upon accomplishing any tasks on the Bounty Program.
FC is a smart contract developed on Conflux Testnet. The FC can be swapped into the Mainnet CFX 1:1 (one for one) through the smart contract once the Mainnet launches later this year and is currently the only way of obtaining Tokens from Conflux.
Learn more about FCs and the Conflux Bounty Platform here: https://bounty.conflux-chain.org
For everyone that wants to register on the Bounty Platform, we have a special registration code for you here.
Become part of the Conflux Africa Community by joining their Telegram Group: https://t.me/ConfluxAfrica
Stay updated on Conflux through Instagram: https://www.instagram.com/conflux_foundation/
Follow the Conflux Twitter account: @ConfluxChain