Conflux ($CFX) is a public, permissionless, Layer-1 blockchain designed to enhance scalability and decentralization. It utilizes a unique Tree-Graph consensus mechanism that enables parallel processing of transactions, leading to high throughput and low fees. The $CFX token is the native cryptocurrency of the Conflux Network, used for paying transaction fees, staking for network security, and participating in network governance. Conflux is also known for its focus on the Chinese market and its collaborations with major companies.
