Conflux Token (CFX) is a coin of a public blockchain without permission, which, without sacrificing decentralization and security, reaches high TPS. It is universal, secure, scalable, smart contracts built in Ethereum can easily be transferred to Conflux, parallel chain building and governance taking place according to the principles of DAO are possible in it.

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Introduction to the Collateral for Storage Mechanism  Conflux Network employs a pricing method called Collateral for Storage (CFS) to calculate storage fees. Compared to Ethereum’s one-time storage fee, the CFS mechanism is more equitable and reasonable. This mechanism involves locking a specific amount of funds as collateral for the storage space occupied by the node.  Each storage entry in the Conflux network occupies 64 bytes (B), and the required deposit to store the entry is proportional to...

Interpretation and Practical Implications of CIP-107 (20230305)

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📣 Interpretation and Practical Implications of CIP-107

🔹 Conflux Network employs a pricing method called Collateral for Storage (CFS) to calculate storage fees.

🔹 CIP-107 proposes a deflationary mechanism that destroys a portion of stored collateral when a state is released in a transaction, improving the token economy and increasing the value of CFX. 

🔹 As the number of NFTs increases, CFX in a semi-locked state continues to grow, and the proposal can reduce the number of circulating tokens further.

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https://forum.conflux.fun/t/interpretation-and-practical-implications-of-cip-107/17899

Interpretation and Practical Implications of CIP-107.