Conflux Network (CFX)

About Conflux Network (CFX)

Conflux Network (CFX)  is a public, layer-1 blockchain designed for decentralized applications (dApps), e-commerce, and Web 3.0 infrastructure. It aims to enhance scalability, decentralization, and security while reducing transaction costs and network congestion.

Conflux uses a unique Tree-Graph consensus mechanism, which combines Proof-of-Work (PoW) and Proof-of-Stake (PoS) to ensure scalability and security. The platform is compatible with Ethereum’s EVM and supports Turing-complete smart contracts. CFX, its native token, incentivizes participation and governance within the network.

Key Features:

• Cross-chain Interoperability: Conflux can transfer assets across different blockchains via its ShuttleFlow protocol.
• Scalability: The Tree-Graph structure allows for faster and more efficient transaction processing.
• Staking: Users can stake CFX to earn passive rewards.
• Decentralized dApp Development: Conflux provides a secure, scalable environment for building multi-chain dApps.

History: Conflux Network (CFX) was founded in 2018 by Fan Long, an MIT Ph.D. in Computer Science, and is led by a team of blockchain professionals. The Tree-Graph mechanism was developed by Professor Andrew Chi-Chih Yao, a Turing Award winner and renowned computer science expert.