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DWF Labs, a well-known market maker in the crypto ecosystem, has announced that it will launch a PoS Node on the Conflux network.
This exciting news led to a positive price movement for the Conflux (CFX) coin.
In the announcement, DWF Labs stated:
We are excited to announce that we have launched a Proof-of-Stake (PoS) Node on @Conflux_Network to further our belief and support in the long-term value of the project’s BTC asset innovation. This launch of the PoS Node will especially support Conflux’s mission to innovate in the Bitcoin ecosystem with the upcoming launch of its BTC Layer 2 (L2) solution.
According to this announcement made on the X (Twitter) account, Conflux will be able to take innovative steps in the Bitcoin ecosystem with the BTC Layer 2 (L2) solution.
Thrilled to announce that we have launched a Proof of Stake (PoS) Node on the @Conflux_Network to further our belief and support for the project’s long-term value in BTC-asset innovation.
This launch of the PoS Node will support Conflux’s mission to innovate within the Bitcoin… pic.twitter.com/P7MiufB4bL
— DWF Labs (@DWFLabs) February 6, 2024
What is Conflux (CFX)?
It is a protocol for finance, Web 3.0, and new open-source dApps. Conflux combines Proof-of-Work and Tree-Graph structures and defines itself as a fast and secure blockchain.