Breaking News: Another gift received 🎁.
In 2025, the cryptocurrency market is driven by the Federal Reserve's loose policies and the increase in Bitcoin's national debt reserves, with a total market value surpassing $6 trillion, and the overall enthusiasm for airdrops rising.
In 2025, airdrops are more inclined to reward high-quality users (such as highly contributive community members), with the returns from simply 'shearing sheep' declining.
DeFi, Layer 1/2, and AI+Web3 are currently the sectors with the highest value of airdrops, especially projects backed by major institutions or with innovative mechanisms.
🌟 Today's shared cryptocurrency: China's only legal and compliant Tree Graph Chain CFX
🌐 Origin of CFX:
CFX is the native token of the Conflux network, a project initiated by Chinese blockchain researchers in 2018. The goal of this project is to build a high-throughput, low-latency, and highly scalable blockchain platform to address many issues in existing blockchain networks.
🏙️ Why is it called 'Shanghai Coin':
The Conflux network has a close connection with Shanghai, as it was created in 2018 by Turing Award winner, Professor Yao Qizhi from Tsinghua University's Department of Computer Science and Technology. Dr. Yao Qizhi has a profound research background and achievements in cryptography, computational complexity theory, quantum computing, and more. The team he led includes professors, doctors, and masters from well-known universities such as Tsinghua University, MIT, Cornell University, as well as engineers and experts from renowned tech companies like Microsoft, Google, and Facebook. Therefore, CFX is also known as 'Shanghai Coin', reflecting its deep roots in China, especially in Shanghai.
🔍 Technical Features:
The Conflux network adopts a consensus algorithm called GHAST (Greedy Heaviest Adaptive Subtree), which can achieve high throughput, low latency, and low-cost transaction processing. In addition, the Conflux network also supports EVM (Ethereum Virtual Machine) compatibility, allowing Ethereum developers and users to seamlessly migrate and use smart contracts and decentralized applications (DApps) on the Conflux network.
🌟 Market Performance and Collaborations:
As the core token of the Conflux network, CFX has multiple uses, including payment, governance, and participation in network security. The Conflux network has also established partnerships with several collaborators, including working with Xiaohongshu to create a digital trend space 'R-SPACE', and issuing NFT works.
