What Is Conflux (CFX)?
Conflux (CFX) is a public Layer 1 blockchain designed for decentralized applications (dApps), e-commerce, and Web 3.0 infrastructure. It prioritizes scalability, decentralization, and security over existing protocols by leveraging its unique Tree-Graph consensus mechanism, which combines Proof-of-Work (PoW) and Proof-of-Stake (PoS).
Key Features:
- High throughput: Facilitates rapid, low-cost asset transfers without network congestion.
- EVM compatibility: Supports Turing-complete smart contracts written in Solidity (like Ethereum).
- Native token (CFX): Powers transactions, governance, and miner/staker rewards.
👉 Discover how Conflux outperforms competitors
Who Created Conflux?
Conflux was founded by a team of academics and engineers, including Dr. Fan Long, a computer science professor at the University of Toronto. The project emphasizes research-driven innovation and has partnerships with major Chinese entities like the Shanghai Municipal Government.
CFX Tokenomics
- Circulating supply: Updated in real-time on CoinMarketCap.
- Max supply: Fixed at 5.2 billion CFX.
- Use cases: Transaction fees, staking rewards, and governance voting.
Security Mechanisms
Conflux ensures security through:
- Hybrid consensus: Tree-Graph algorithm balances PoW’s robustness with PoS’s efficiency.
- Decentralized validation: Miners and stakers jointly protect the network.
- Smart contract audits: Regular third-party reviews to prevent exploits.
Where to Buy CFX
CFX is available on major exchanges like:
- OKX
- Binance
- Huobi
Why Conflux Stands Out
- Regulatory compliance: Unique positioning in China’s blockchain ecosystem.
- Interoperability: Cross-chain bridges to Ethereum and other networks.
- Enterprise adoption: Used by brands for supply chain and digital identity solutions.
FAQs
Is Conflux better than Ethereum?
While Ethereum dominates dApp development, Conflux offers lower fees and faster transactions, making it ideal for high-volume use cases.
How do I stake CFX?
Delegate tokens to a validator via Conflux’s official wallet or supported exchanges.
What’s Conflux’s roadmap?
Focus includes scaling solutions (e.g., sharding) and expanding DeFi/NFT partnerships.
For real-time CFX price updates, visit CoinMarketCap.
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