Conflux (CFX) is a public layer-1 blockchain designed to support decentralized applications (dApps), e-commerce, and Web 3.0 infrastructure, offering enhanced scalability, decentralization, and security compared to existing protocols. Conflux facilitates the transfer of valuable assets by ensuring efficient, rapid, and congestion-free transactions, coupled with low transaction costs. The platform utilizes the Tree-Graph consensus mechanism, integrating both Proof-of-Work (PoW) and Proof-of-Stake (PoS) algorithms to achieve consensus. It supports Turing-complete smart contracts written in Solidity, similar to Ethereum, and maintains compatibility with the EVM (Ethereum Virtual Machine). The growth of Conflux is driven by CFX, the platform's native token, which provides financial incentives for user participation and engagement. The token is utilized to cover transaction fees, govern the network, and reward miners who contribute to network security through staking.

Conflux was established in 2018, with its core technology having been under development since 2017. Its mission is to advance blockchain education and research through the Tree-Graph Research Institute, located in Shanghai. The organization is led by its founder, Fan Long, an accomplished programmer with expertise in blockchain technology and cybersecurity. Long graduated from Tsinghua University and holds a Ph.D. in Computer Science from MIT, where he was honored with the Best Dissertation Award. He currently serves as an assistant professor at the University of Toronto. Long's co-founders are YuanJie Zhang, Ming Wu (Chief Technology Officer), and the company's research director, Guang Yang. The core team comprises scientists, business managers, researchers, and other specialists. The protocol's Tree-Graph consensus mechanism was developed by Professor Andrew Chi-Chih Yao, a prominent figure in academic computer science, a Turing Award laureate, a fellow of the Chinese Academy of Sciences, and the principal scientist of the Conflux Foundation.

The Conflux project features a unique technical architecture designed to address various industry challenges and facilitate ease of use for both dApp developers and everyday users. Conflux achieves interoperability with other blockchains through its cross-chain protocol, ShuttleFlow. This cross-chain bridge enables Conflux to transfer assets to networks such as Ethereum, Binance Smart Chain (BSC), Huobi Eco Chain, and OKEx Chain. The platform provides programmers with access to a decentralized, secure, and scalable network, along with a suite of essential tools and conditions that are compliant with relevant regulations. Consequently, developers can create multi-chain, scalable, secure, and censorship-resistant dApps in alignment with the requirements of investors and the crypto community. Conflux's Tree-Graph consensus algorithm ensures scalability without compromising decentralization. Through the parallel processing of blocks and transactions, the network can handle 300–6000 transactions per second (TPS). Thanks to its scalability, Conflux offers lower fees compared to other networks like Ethereum. Furthermore, due to the Fee Sponsorship Mechanism, transaction fees can be covered by sponsors, allowing users with negative balances to continue engaging with the platform and interacting with the blockchain. The platform also features an integrated staking system that provides users who stake their coins with passive rewards. Staking involves less risk than trading and offers more consistent returns. Developers have the option to incorporate staking directly within dApps, and the system establishes a financial framework for dApp development.

CFX is the native token of Conflux. It serves multiple purposes: facilitating transaction fee payments, functioning as a store of value, and enabling the earning of staking rewards and other miner incentives. Additionally, CFX holders have the opportunity to participate in the governance of the network, influencing its development and evolution. As of March 2023, the circulating supply of CFX is 2,654,264,782 tokens, out of a total supply of 5,278,164,274 tokens. The distribution of CFX is allocated as follows: 40% is allocated to the ecological fund, 36% to the core team and seed investors, 16% to private investors and reserves, and 8% to the community fund.

Conflux employs the traditional and well-established Proof-of-Work (PoW) consensus mechanism, complemented by the innovative Tree-Graph algorithm. This combination ensures robust security at the protocol level, offering users secure transactions and protection against attacks. Additionally, the network compensates miners with CFX tokens as a reward for their contributions, thereby ensuring the long-term reliability of Conflux. You can find more information about Conflux on Eulerpool.

As of March 2023, Conflux (CFX) is available on cryptocurrency exchanges and investing platforms such as Binance, KuCoin, OKX, Gate.io, Bitget, BKEX, Phemex, Indodax, MEXC, LBank, CoinEx, Tokocrypto, DigiFinex, Deepcoin, XT.COM, among others. Download the Eulerpool mobile app to monitor CFX prices in real-time. Explore Eulerpool Alexandria for analysis, market news, and updates. What is decentralized finance (DeFi)? Explore in-depth with Eulerpool Alexandria.