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Getting to know Conflux (CFX): The Ethereum of China
The legalization of crypto asset trading in Hong Kong in June 2023 is a pivotal point for the crypto world and the development of blockchain networks, particularly in Asia. In this context, Conflux (CFX), a coin from China, is emerging as a crypto asset with a high-performance blockchain platform. In fact, the Shanghai government tested stablecoin Yuan, CNHC, on the Conflux blockchain last year.
What is Conflux Network? Conflux Network is a layer 1 blockchain that combines PoW and PoS consensus to build dApps. Conflux can achieve the same level of decentralization and security as Bitcoin and Ethereum. It also provides multiple increases in transaction throughput reaching 3,000-6,000 transactions per second (TPS).