What is Conflux (CFX) coin? Should I buy it?

Conflux coin has a symbol of CFX. Are you thinking about buying it or not? Is it a good coin or not? Does it fulfill any utility or not? This shall answer your questions.

CFX is a minable coin just like bitcion and uses PoW (proof of work) system.

It has a current supply of 1,156,436,966 while max supply is unknown.

It is among the penny coins so far. It has 25,477 followers on coinmarketcap, ethereum has 2.4 million, just to compare.

You can buy CFX on binance.

What makes CFX different

  • According to its website, it enables creators, communities, and markets to connect across borders and protocol
  • It offers low fees
  • ShuttleFlow Cross-Chain Asset Bridge
  • Proof-of-Work (PoW) Tree-Graph consensus algorithm
  • Capable of processing 3,000–6,000 transactions per second (TPS)

Buy CFX or not?

It looks to be decent but so far doesn’t seem to be a big winner despite what it says is exciting but not too much. It would be 3/100 as portfolio strategy. Doesn’t look to be a long term holding, probably 3 months but be cautious and look actively.

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