Conflux (CFX) v2.4.0 Network Hardfork Upgrade Successfully Completed

The
Conflux
v2.4.0
network
hardfork
upgrade
has
been
successfully
completed,
marking
a
significant
milestone
for
the
blockchain
platform,
according
to

Conflux
Forum.
This
upgrade
includes
the
activation
of
CIP-1559,
a
critical
improvement
proposal
aimed
at
enhancing
the
network’s
efficiency
and
stability.

Key
Features
of
the
Upgrade

CIP-1559
introduces
an
optimized
fee
mechanism
designed
to
improve
transaction
processing
and
network
stability.
The
newly
activated
network
version,
v2.4.0,
is
currently
stable,
and
users
are
expected
to
experience
enhanced
performance
and
reliability.

Upcoming
Enhancements

In
addition
to
CIP-1559,
Conflux
has
announced
that
CIP-136
will
be
enabled
once
the
PoS
Block
Number
reaches
1684080,
which
is
estimated
to
occur
on
August
13.
This
proposal
is
expected
to
further
bolster
the
network’s
capabilities,
providing
users
with
more
robust
features
and
functionalities.

Furthermore,
additional
CIPs
(Conflux
Improvement
Proposals)
will
be
activated
when
the
Block
Number
hits
247480000,
also
anticipated
to
happen
on
August
13.
These
upgrades
collectively
aim
to
fortify
the
Conflux
network,
making
it
more
resilient
and
efficient
for
its
users.

Broader
Impact

The
successful
implementation
of
these
upgrades
highlights
Conflux’s
commitment
to
continual
improvement
and
innovation
within
the
blockchain
space.
By
adopting
these
new
proposals,
Conflux
aims
to
remain
competitive
and
provide
its
users
with
a
more
reliable
and
efficient
blockchain
platform.

Conflux
(CFX)
has
been
making
notable
strides
in
the
blockchain
industry,
and
these
upgrades
are
expected
to
further
its
position
as
a
leading
platform.
The
community
and
stakeholders
are
optimistic
about
the
positive
impact
these
enhancements
will
bring
to
the
ecosystem.

For
more
detailed
information,
visit
the
official

Conflux
Forum.

Image
source:
Shutterstock