"On April 1st China announced a groundbreaking initiative led by Conflux Network – the “Ultra-Large Scale Blockchain Infrastructure Platform for the Belt and Road Initiative.”"
"In March, multichain blockchain ecosystem Conflux Network, operated by the Conflux Foundation (Shanghai Tree-Graph Blockchain Research Institute), played a crucial role in successfully beta-testing the Hong Kong Dollar (HKD)-backed stablecoin, AxHKD."
(Source: Crypto News Website)
"Key Takeaways:
The only regulatory-compliant, public permissionless blockchain in China, Conflux is a proof of work/proof of stake hybrid blockchain.
Conflux has introduced an EVM-compatible Bitcoin Layer 2 (L2) solution to foster greater interoperability in its ecosystem.
Its native token, CFX, is used for transactions and can be earned as a mining or staking reward. Staking CFX also gives users governance rights.CFX can be bought on Bybit as a USDT Perpetual contract."
(Source: Bybit Learn Website)
