Purchase Conflux EVM (CFX) with Polish Zloty (PLN) easily at Switchere and benefit from fast, secure transactions.
Conflux (CFX) is a high-performance Layer 1 blockchain designed to overcome the blockchain trilemma of achieving scalability, security, and decentralization simultaneously. It operates as a permissionless, public blockchain infrastructure engineered for building high-throughput decentralized applications (dApps), particularly in DeFi, Web3, and the metaverse. Its core innovation is the unique Tree-Graph consensus algorithm, a novel ledger structure that processes blocks in parallel rather than in a linear chain. This parallel processing capability allows for significantly higher transaction throughput and lower confirmation times compared to traditional blockchain architectures, providing a robust foundation for scalable digital assets and applications.
The network is secured by a hybrid Proof-of-Work (PoW) and Proof-of-Stake (PoS) consensus mechanism, combining the proven security of PoW with the energy efficiency and governance benefits of PoS. A key feature is its full EVM compatibility, creating a seamless environment for developers to migrate Ethereum-based smart contracts and dApps. The native utility token, CFX, is integral to the ecosystem. It is used for paying transaction gas fees, participating in network governance through on-chain voting, and for staking to earn rewards, which contributes to the cryptographic security of the entire decentralized network.
The PLN/CFX pair represents a direct fiat on-ramp, allowing you to purchase the Conflux (CFX) digital asset using Polish Złoty (PLN). Its primary function is to provide a gateway for users in Poland to enter the Conflux ecosystem, which is known for its unique Tree-Graph structure and high-throughput, EVM-compatible blockchain, without first needing to convert PLN to another major currency like USD or EUR.
By acquiring CFX, you gain entry to a highly scalable blockchain featuring a hybrid PoW/PoS consensus mechanism and a unique Tree-Graph ledger structure. This architecture allows for parallel processing of transactions, resulting in high throughput and low fees. Furthermore, Conflux is fully EVM-compatible, meaning developers can easily migrate dApps from Ethereum, and you can interact with a growing ecosystem of DeFi applications using your CFX holdings.
Once you hold CFX, it serves multiple purposes. It is the native gas token for paying transaction fees on the network. You can also engage in CFX staking to help secure the network and earn rewards. Furthermore, CFX is used to interact with various EVM-compatible dApps for DeFi, gaming, and NFTs, and can be used with protocols like ShuttleFlow for cross-chain asset transfers.
To buy CFX with PLN, you typically use a cryptocurrency exchange that supports PLN deposits. Common payment methods include direct bank transfers from Polish banks, and potentially BLIK payments where supported. All regulated exchanges require KYC/AML (Know Your Customer/Anti-Money Laundering) compliance, which involves submitting a government-issued ID and sometimes proof of address to verify your identity before you can start trading.
When converting PLN to CFX, anticipate several potential fees: a deposit fee for funding your exchange account with PLN via bank transfer, a trading fee (either a maker or taker fee) on the exchange's order book, and a network withdrawal fee when you move your purchased CFX to a secure, non-custodial digital wallet. Conflux's network fees are generally low due to its high-throughput design.
For secure trading and storage, always use reputable cryptocurrency exchanges with strong security records and enable two-factor authentication (2FA) on your account. For long-term holding, it is highly recommended to withdraw your CFX from the exchange to a personal, non-custodial digital wallet where you control the private keys. This can be a hardware wallet for maximum security or a well-vetted software wallet compatible with the Conflux network.