Conflux (CFX) is a fast and scalable Layer 1 blockchain focused on Web3 and DeFi. Its unique Tree-Graph consensus combines Proof of Work and Proof of Stake, allowing for up to 4000 transactions per second. Conflux supports compatibility with Ethereum, making it easier to migrate smart contracts. The CFX token is used for staking, paying fees, and voting in the DAO. The project is actively supported by China and collaborates with China Telecom. The ecosystem includes over 70 projects: exchanges, wallets, NFTs, and DeFi services. CFX is positioned as "the only public blockchain compliant with China's regulations".
