Conflux

Conflux (CFX) - Bridging Decentralized Economies

Conflux is a permissionless Layer 1 blockchain designed to connect decentralized economies across borders and protocols. Recently transitioning to a hybrid Proof of Work (PoW)/Proof of Stake (PoS) consensus mechanism, Conflux delivers a fast, secure, and scalable environment with zero congestion, low fees, and enhanced network security.

A Unique Position in Asia

As the only regulatory compliant public blockchain in China, Conflux offers a distinct advantage for projects seeking to build and expand in the Asian market. The platform has partnered with renowned global brands and government entities on various blockchain and metaverse initiatives, including collaborations with the city of Shanghai, McDonald's China, and Oreos.

What is the Conflux (CFX) Token?

The CFX token is the native cryptocurrency of the Conflux Network. It serves as a hard-capped scarce asset used for paying fees and securing the network through staking. Each CFX token is divisible down to 10¹⁸ Drip. Transactions on Conflux are processed similarly to those on the Ethereum network, with CFX functioning akin to ETH. Users can submit contracts with a gas limit and gas price, both denominated in CFX.

Token Utility

CFX holders can engage with the Conflux ecosystem through various wallets, allowing them to:

• Participate in governance votes
• Stake tokens to earn network interest
• Pay for storage and transaction fees on the network

Where to Buy and Stake CFX

CFX is available for purchase on leading exchanges such as Binance, KuCoin, OKEX, Gate, and MEXC. For staking, users can join any of the community-operated Staking Pools. The latest information regarding staking can be found on the Conflux Forum.

Key Features of Conflux

• High Throughput: Utilizes a breakthrough Tree-Graph consensus algorithm to enhance transaction speeds and increase TPS through parallel processing.
• Security: Employs a robust PoW consensus to ensure heightened security and protect against reentrance attacks.
• Interoperability: Features ShuttleFlow, a cross-chain asset bridge for seamless transfers across multiple protocols.
• Scalability: Eliminates consensus bottlenecks without compromising security or decentralization.
• Low Fees: Introduces a Fee Sponsorship Mechanism enabling users with zero wallet balance to still interact with the blockchain.
• Built-In Staking: Offers an annualized staking rate of 4%, incentivizing innovative DeFi applications.

CFX is integral to the token economy of Conflux, enabling holders to pay transaction fees, earn rewards through staking, rent storage, and participate in the governance of the network, while also rewarding miners for maintaining network security.