Conflux

Conflux is the so-called. blockchain without permission, which is a functional copy of Ethereum and EOS. Its key differences are great flexibility and good scalability. This is achieved due to the fact that a mechanism for supporting sidechains is provided. Transactions can be implemented on them without loading the main network. The declared throughput is 4000-6000 operations per second (this speed is higher than that of Visa). This means that the blockchain is suitable for solving various problems. It can solve such an issue as the development of decentralized applications, as well as the generation of smart contracts and, of course, making payments.

Blockchain offers a flexible environment for application development. It is optimal for dApps that require scalable speed without sacrificing decentralization. Important: The system has a fixed inflation equal to 8.83% per year. Halving occurs every 4 years (the speed of creating new coins decreases). In 2020, Conflux Network became the first blockchain approved by the Chinese government. It is designed to connect the Western economy with the Asian one and ensure the secure transfer of data and assets. Infrastructure development is managed according to the principle of a decentralized autonomous organization. The weight of the participant's vote is proportional to the number of coins he has and the time during which he owns them.

Bearish sentiment in the market of leading cryptocurrencies can have a negative impact on quotes. A drop in interest in bitcoin and ethereum will invariably lead to a decrease in the value of minor tokens. Therefore, one should be wary of the optimistic forecasts of experts and understand that against the background of long-term growth, drawdowns are possible at short time intervals.