$CFX - Conflux Network
Category: Layer-1 Blockchain
Symbol: $CFX
Consensus Mechanism: Tree-Graph (a hybrid of PoW + DAG)
Mainnet Launched: 2020
🔍 What is Conflux?
Conflux Network is a high-performance Layer-1 blockchain designed to solve the blockchain trilemma: decentralization, scalability, and security. It enables fast and low-cost transactions without sacrificing network security.
🧠 Key Features:
Tree-Graph Structure: Unique consensus model combining Proof-of-Work (PoW) and DAG to process multiple blocks in parallel.
High TPS: Supports up to 3,000–6,000 transactions per second.
Low Fees: Minimal gas costs, ideal for dApps and DeFi.
Regulatory Compliant in China: One of the few public blockchains allowed to operate within China's firewall.
🔗 Use Cases:
DeFi, NFTs, and GameFi projects
Cross-border data and asset transfers (especially between China and the rest of the world)
Real-world collaborations with Chinese companies and government-backed institutions
📈 Token Utility ($CFX):
Used for transaction fees, staking, and network governance
Incentivizes miners and validators
Supports smart contract deployment and dApp usage
