Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ADOPTION NEWS»The Conflux (CFX) network reveals a detailed voting mechanism for the main parameter adjustment.
ADOPTION NEWS

The Conflux (CFX) network reveals a detailed voting mechanism for the main parameter adjustment.

By Crypto FlexsFebruary 15, 20252 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
The Conflux (CFX) network reveals a detailed voting mechanism for the main parameter adjustment.
Share
Facebook Twitter LinkedIn Pinterest Email

Jog
February 13, 2025 12:14

The CFX (CONLUX) network briefly describes the parameter ballot mechanism, explaining how the user can affect the network parameter through steaking and voting on the blockchain.





The CFX (CONLUX) network has presented an in -depth explanation of major parameters’ voting mechanisms to clarify the process of adjusting the network parameters. According to Collux Forum, this initiative follows the user’s feedback after the 14th vote.

Understand the voting mechanism

The core of this mechanism is the CIP-94 proposal, which allows you to vote for chain DAO through a ParamsControl contract. This allows you to adjust the compensation parameters without a hard fork. Users can get the voting right by stating and locking $ CFX and allocating them according to their preferences.

The voting process consists of rounds that last 60 days. During this period, the user can allocate the right to vote at any time. Each network parameter has three voting options. Keep in an unchanged state, increase 100%or 50%. The results of each round determine the parameters in the subsequent rounds.

Mechanism

At the end of each voting round, the network parameter is adjusted according to the previous round. Adjustment is calculated using the number of votes for each option: unchanged, increasing or reducing. The adjustment range is half and twice that of the original parameter value, depending on the voting results.

For example, if the voting for the increase in parameters and the decrease in the decrease, it will remain unchanged. On the contrary, voting for unchanged options tends to stabilize parameters near the original value.

Results of the 14th voting round

The 14th round caused some important adjustments to Confrux’s main network parameters.

  • The POW block reward has increased from 1.00 CFX/block to 1.60 CFX/block.
  • The interest rate rose from 4.08%to 6.50%.
  • The storage point ratio has increased from 50%to 63%.
  • The basic fee sharing rate has increased from 50%to 63%.

CurluxHub cannot directly access the current individual voting, but users can check specific voting data through a ParamsControl contract. Future plans include introducing a dedicated voting details page for more accessible information.

Curlux Network expresses gratitude to all community members who participated in the governance voting and emphasized that the proportional calculation of support levels for each option provided information on the final parameter adjustment.

Image Source: Shutter Stock


Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Gala Games improves leader board rewards and introduces preference systems.

June 20, 2025

Ether Leeum Whale starts a $ 11 million leverage betting in the 30% increase in ETH prices.

June 12, 2025

AI starts a cost -effective batch API for LLM request.

June 12, 2025
Add A Comment

Comments are closed.

Recent Posts

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Earns $9,800 Per Day With BTC Breaks Through $107,000, GoldenMining Global Market.

June 27, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

NVIDIA RTX strengthens FITY’s AI -centered innovation in Cooler Design.

June 27, 2025

Join Earn Mining To Mine Easily And Earn $7752 A Day

June 26, 2025

Bitcoin prices return to green -building exercise for more profits

June 26, 2025

Weed® Announces Partnership With Khalifa Kush; Launches Global Commercialization

June 26, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025
Most Popular

LLM agent search and AI reasoning and test time scaling

May 24, 2025

The former FTX, Alameda employee closed a $17 million investment in cryptocurrency exchange Backpack.

February 29, 2024

SEC prosecutor resigns after ‘abuse of power’ in DEBT Box case

April 22, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.