What is Conflux Network

1、conflux public chain Conflux Network is an open protocol for the new world of DApps, finance and Web 3.0. As a fast, secure public blockchain that combines proof of work and a tree diagram structure to power a new generation of decentralised commerce, Conflux Network is a public chain network based on a tree diagram structure. It is designed to enable high throughput and fast confirmation. It is based on the GHAST consensus protocol, which handles concurrent blocks without dropping any forks and adaptively assigns heterogeneous weights to blocks based on the topology in the distributed ledger structure. Conflux Network organises the blocks in the ledger into a tree diagram structure, which keeps track of the ex ante occurrence of relationships between blocks. Based on this ledger, Conflux allows all nodes in the network to generate a consistent block-out order. This block-out order is derived from a hub chain in the ledger, which is selected by applying the maximum subtree rule, thus avoiding double-spend attacks at fast block generation rates. The Conflux Network originated in the research lab of Dr Andrew Yao, a Turing Award winner at Tsinghua University. This progressive research provides a solution to the "blockchain trilemma" by optimising security, scalability and decentralisation with a new tree diagram consensus mechanism. Features of the conflux public chain. Fast speed and high concurrency capacity. According to the data published on the official website, Conflux has a measured TPS of over 3000 and an ETH of 20, which is 150 times that of Ether. conflux has done some algorithmic optimizations on top of the impossible triangle, which makes its performance even better. Since 2021, the price of Conflux coin (CFX) has jumped 10 times in two months, from less than RMB 1 to a peak of over RMB 10, making a lot of speculators earn money. That was the happiest time for the country. CFX has a huge loyal following, and after all, there are few things more important than that. To encourage community development, real money was shelled out. over 2.4 billion CFX tokens were awarded under the Conflux program, with funding for development tools and infrastructure that make the Conflux network easily accessible and combinable, decentralized applications that drive user adoption, liquidity, and combinability on the Conflux network. 2. In addition to relying on scientific methods, cryptocurrency arbitrage should also find ways to save money. One of the easiest ways to do this is to take advantage of the reduced transaction fees. The handling fee is small, but it must not be ignored. I once calculated that as long as the transactions are frequent and long, the accumulation of small amounts may lead to more than 10,000 U. Next, I will introduce a few common ways to reduce the fees for large trading platforms. (1) Lowering Binance's fees Binance is currently the world's largest digital currency exchange, and you must sign up for Binance if you want to speculate on coins. The transaction fee is deducted from the assets received. For example, if you buy Ethereum/USDT, the fee is paid in Ethereum. If you sell Ethereum/USDT, the commission is paid in USDT. Example. You place an order for 10Ethereum at a price of USD3,452.55 per share. Transaction fee = 10Ethereum0.1% = 0.01Ethereum Or you place an order to sell 10Ethereum at 3,452.55 USDT per share. Transaction fee = (10Ethereum3,452.55USDT)*0.1% = 34.5255USDT What many people do not know is that the Binance transaction fee can also be reduced. If you want to reduce your Binance trading fees, you must use the invitation link below or use the invitation code "Q022W7SC" to register. https://accounts.binance.com/en/register?ref=Q022W7SC

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(2) Reducing OKX fees OKX is a professional digital currency trading platform loved by many users, and its transaction fees can be reduced. Depending on the volume of transactions, OKX divides its users into two levels: normal and professional. Ordinary users are graded according to their OKB positions, while professional users are graded according to their trading volume and asset size. The different tiers determine the trading fees for the next trading day. When calculating the fee levels, if the coin trading volume, total trading volume of delivery and perpetual contracts (USDT delivery contract, coin-based delivery contract, USDT perpetual contract, coin-based perpetual contract), option contract trading volume, and asset volume meet the conditions of different fee levels, users will enjoy the fee discount of the highest level. First method: OKX has an official maximum savings rate of 20%. Use the link below to register with OKX and save 20% on fees. https://www.ouyi.business/join/BTC1ETH Second method: Open the OKX website and enter "BTC1ETH" in the "Invitation Code" on the registration page to see the cashback percentage: 20% at the bottom. Be sure to enter this invitation code, otherwise you can not get 20% cashback percentage. (3) Reduce FTX fees FTX is currently a very fast-growing, contract players more exchange, you must register FTX if you play the contract. if you want to reduce the FTX transaction fees, you must use the following invitation link to register. https://ftx.com/referrals#a=121031692 3, trading road is long, together with the forward Want to know more about how to reduce the commission? telegram: btcethcool We have set up a community dedicated to the study of trading, add telegram friends to pull you into the community.