$CFX is the native token of Conflux Network, a public layer 1 blockchain designed to solve the scalability and decentralization issues of existing networks. Conflux uses a unique architecture called "Tree-Graph" that allows it to process multiple transaction blocks in parallel, achieving high performance without compromising security.
As a utility token, CFX serves several essential functions. It is used to pay transaction fees, reward miners and network participants for their contributions, and facilitates governance. Additionally, Conflux stands out for its bridge between blockchain communities in Asia and the West, uniting ecosystems through its cross-chain protocol, ShuttleFlow. This positions it as a key piece for interoperability in the future of Web3
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