Conflux, which entered my radar in March due to its impressive growth of near 10 times in February and securing a spot among the top 100 tokens by market cap.
Technologically, Conflux positions itself as a superior Ethereum, boasting a high throughput of 6,000 TPS and claiming to solve the Blockchain Trilemma with its innovative Tree-Graph Consensus Algorithm. However, it remains to be seen how the network handles high transaction volumes while maintaining robust security, as current adoption levels are still relatively low.
Being the sole "regulatory-compliant" Layer-1 (L1) blockchain in China, backed by endorsements from multiple provincial governments, Conflux becomes an attractive choice for investors keen on following the China narrative. The platform's partnerships with prominent Web2 companies like Xiaohongshu further underscore its potential, reflecting genuine government support.
Considering China's evolving stance towards cryptocurrencies and the opening up of Hong Kong as a testing ground for Web3, Conflux stands well-positioned to gain traction among Chinese investors, potentially experiencing further growth and adoption in the future. Show Less
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