$CFX increases throughput and reduces confirmation times, with the network capable of handling thousands of transactions per second (TPS).
* Hybrid Consensus: Conflux uses a hybrid consensus mechanism that combines elements of both Proof-of-Work (PoW) and Proof-of-Stake (PoS). The PoW component ensures network security, while the PoS component facilitates governance and staking.
* Scalability and Low Fees: By using its Tree-Graph structure, Conflux eliminates the consensus bottleneck that plagues many other blockchains. This allows it to achieve high transaction speeds and maintain low transaction fees.
* Interoperability: Conflux has a cross-chain protocol called ShuttleFlow, which acts as a bridge to other major networks like Ethereum and Binance Smart Chain. This enables seamless asset transfers and promotes a more interconnected blockchain ecosystem.
* EVM Compatibility: Conflux is fully compatible with the Ethereum Virtual Machine (EVM), making it easier for developers to migrate existing dApps from Ethereum or build new ones on the Con