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Conflux (CFX) is a blockchain designed to empower decentralized applications (dApps), e-commerce, and Web 3.0 infrastructure. Its main goals are scalability, decentralization, and security. The platform aims to streamline the transfer of valuable assets by ensuring speed, efficiency, and low transaction costs without network congestion. Conflux achieves this through its Tree-Graph consensus mechanism, which combines Proof-of-Work (PoW) and Proof-of-Stake (PoS) algorithms to reach consensus. The protocol supports Turing-complete smart contracts written in Solidity, similar to Ethereum. To drive its growth, Conflux utilizes the CFX token, its native cryptocurrency. CFX provides users with financial incentives to actively participate and contribute to the network. It serves as the means to pay for transaction fees, govern the network, and rewards miners who secure the network through staking.
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