Terrill Dicki
Feb 13, 2025 15:44
Conflux (CFX) Network has announced changes to key parameters following the conclusion of its 14th voting round. Key adjustments include increases in PoW block rewards and interest rates.
The Conflux (CFX) Network has revealed the results of its 14th voting round, announcing several significant changes to its key parameters. The voting, which concluded on February 11, 2025, saw active participation from the community and partners, whose feedback has been instrumental in shaping the network’s strategy, according to the Conflux Forum.
Key Adjustments to Network Parameters
Based on the voting results, Conflux Network will implement the following changes to its system:
- The Proof of Work (PoW) block rewards will increase from 1.00 CFX per block to 1.60 CFX per block.
- The interest rate will rise from 4.08% to 6.50%.
- The storage point ratio will increase from 50% to 63%.
- The base fee sharing ratio will be raised from 50% to 63%.
These modifications are scheduled to take effect on April 12, 2025, at 14:55.
Continued Community Engagement
The Conflux Network has also initiated the 15th round of voting, encouraging ongoing community involvement. This engagement is vital for the network’s continuous optimization and alignment with user needs and expectations.
Conflux Network’s dedication to incorporating community feedback into its governance process underscores its commitment to transparency and adaptability in the rapidly evolving blockchain space.
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