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Conflux (CFX) v2.4.0 Hardfork Successfully Completes with CIP-1559 Activation

Blockchain

Business Honor
07 August, 2024

Conflux network v2.4.0 hardfork update with CIP-1559 for increased efficiency was successfully completed; by August 13, CIP-136 activation will be planned.

A major advancement for the blockchain platform, Conflux (CFX) has announced the successful completion of its v2.4.0 network hardfork upgrade. In order to optimize transaction fees and increase network reliability, CIP-1559, an essential improving proposal, has been activated as part of this upgrade, which is described on Conflux Forum.

A more advanced charge structure is introduced with the CIP-1559 upgrade with the goal of streamlining transaction processing while improving network performance in general. It is believed that the new v2.4.0 network version will benefit users by offering better efficiency and dependability.

Looking ahead, Conflux has planned further enhancements with the activation of CIP-136, scheduled for August 13. This proposal will be enabled once the PoS Block Number reaches 1684080. Additionally, other Conflux Improvement Proposals (CIPs) will be activated at Block Number 247480000, also expected on August 13. These upcoming updates are expected to improve the network's capabilities and offer new features.

The effective implementation of these updates demonstrates Conflux's dedication to innovation and preserving its advantage in the blockchain market. Conflux hopes to provide its users with a more reliable and effective platform with these developments.