$CFX the past few days, $CFX has suddenly taken off, and the direct reason is the change in domestic policy direction. Look at this project, with the background of Tsinghua University and cooperation with the governments of Shanghai and Hunan. The domestic attitude towards blockchain has clearly warmed up, and such a "well-rooted" project naturally becomes popular.

Technically, it indeed has its merits; that "Tree Graph Consensus" is no exaggeration, it can actually achieve 3000 transactions per second, which is much faster than Ethereum. The key is that it can also be compatible with Ethereum's smart contracts, allowing developers to migrate seamlessly. Isn't this just picking peaches while standing on the shoulders of giants?

The best part is picking up the slack from ETH. After Ethereum switched to POS, miners had nowhere to go and all flocked to mine CFX. The hash rate surged by 30% in a month, and miners are holding onto the coins they mined without selling, leading to a decreasing circulation in the market, naturally driving the price up.

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