$CFX What is Conflux?

Conflux is a permissionless Layer 1 blockchain connecting decentralized economies across borders and protocols. Recently migrated to hybrid PoW/PoS consensus, Conflux provides a fast, secure, and scalable blockchain environment with zero congestion, low fees, and improved network security.

As the only regulatory-compliant public blockchain in China, Conflux provides a unique advantage for building projects and expanding into Asia. Conflux has collaborated with global brands and government entities in the region on blockchain and metaverse initiatives, including the city of Shanghai, McDonald's China, and Oreos.

What is the Conflux (CFX) Token?

CFX is the native token for the Conflux Network. It is a hard-capped scarce asset used to pay fees, and secure the network through staking. Each CFX contains 1018 Drip. Transactions on Conflux are handled similarly to those on the Ethereum network, with CFX playing a similar role as ETH. Users submit a contract with a gas limit and a gas price; the latter is denominated in CFX.

Users can interact with Conflux Network ecosystem applications through wallets. Users can use CFX to participate in governance votes, stake their tokens to earn network interest, or pay for the network's storage and transaction fees.