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Conflux surges 134% following partnership to develop blockchain SIM cards
- Oluwapelumi Adejumo
- 2023-02-17
- 4306
- Technology
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Summary:Alongside its surge in price, Conflux's foundation has burnt close to 500 Million CFX tokens in a bid to make it less inflationary.
Conflux Network (CFX) has soared 134% in the past 24 hours to$0.14460, according toCryptoSlateData information
On February 15, Conflux Network reached a strategic partnership with China Telecom, the second largest wireless network operator in China, to develop and design a SIM card (BSIM) suitable for blockchain.
What is a blockchain SIM card?
Conflux Network indicates that BSIM will manage and store the public and private keys of users, and then conduct electronic signature, so that the public key is not easy to withdraw from the card.
"The BSIM card carries Conflux's tree chart, two-way equity certificate and work unit certificate of technicality, bringing the highest system stability to all blockchains in the world."
This method is committed to making smart phones the key to Web3 and metaverseCryptoSlate。
According to the news report, the BSIM demonstration project will be officially operated in Hong Kong later. It is estimated that other demonstration sites will be operated in Shanghai and other places.
Conflux is invincible in China
At the same time, this is not the first partner that Conflux obtained from Asian countries.
China uses Xiaohongshu to integrate the blockchain internet, allowing customers to establish irreplaceable tokens (NFT) that can be displayed on personal information pages.
CFX is one of the best performing digital currencies in recent years. The charity foundation of this project has burned nearly 500 million CFX tokens, thus reducing inflation.
According to the survey, the token has increased by 129% in the past 7 days and 381% in the past 30 daysData encryption quartz sandstoneData information
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