#CreatorPad Conflux Network's Consensus Algorithm
Conflux Network's consensus algorithm utilizes a unique directed acyclic graph (DAG) structure, known as a tree graph. This allows for:
1. *Parallel Processing*: Transactions across concurrent blocks can be merged and processed simultaneously.
2. *Improved Scalability*: Unlike single-chain structures, Conflux's tree graph enables more efficient transaction processing.
CFX Token
CFX is the native token of Conflux Network, serving multiple purposes:
1. *Network Consensus*: CFX facilitates consensus among nodes.
2. *Ecosystem Incentives*: CFX rewards participants for contributing to the ecosystem.
3. *Network Governance*: CFX holders can participate in governance decisions.
4. *Staking*: CFX can be staked to support network security and stability.
Conflux Network's innovative approach aims to enhance scalability, security, and usability in blockchain applications.