DWF Labs recently purchased $18M in $CFX tokens, cementing the long-term relationship between the investment firm and Conflux. This follows DFW Labs buying $10M worth of $CFX tokens in March 2023.
Conflux is a high throughput Layer 1 consensus blockchain that utilizes a Tree-Graph consensus algorithm, enabling the parallel processing of blocks and transactions for increased throughput and scalability. $CFX is the native token of Conflux, which serves as a reward for network miners and a payment for transaction fees.
Related: DWF Labs Partners with Algorand Foundation and Will Purchase $50 Million $ALGO
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