As China warms up to crypto trading, Conflux_Network's (CFX) price has surged nearly 500% in the past week. Learn about CFX's strong fundamentals and recent partnerships that have fueled the price rally.
Interestingly, Conflux Network, also known as Shanghai Tree-Graph Blockchain Research Institute, is the only regulatory-compliant, public and permissionless blockchain in China. Conflux is a layer-1 blockchain operating on a hybrid proof-of-work and proof-of-stake mechanism.
For instance, CFX’s price increased by more than 90% on Jan. 26, two days after Conflux Network partnered with Little Red Book, a China-based social media platform, to provide nonfungible token services.
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