đ§ What is Conflux (CFX)?
Conflux Network is a high-throughput, public Layerâ1 blockchain that combines Proof-ofâWork and Proof-ofâStake using its unique TreeâGraph consensus mechanism, enabling parallel block processing and fast, scalable transactions.
CFX is its native token, used for transaction fees, staking, governance, and rewarding miners.
Built under the leadership of Turing Award laureate Dr. Andrew Yao, Conflux has substantial support from Shanghai city authorities and is considered Chinaâs only regulatory-compliant public blockchain.
đ Ecosystem & Partnerships
Conflux has formed strategic collaborations with China Telecom for blockchain-enabled SIM cards, is piloting an offshore RMB stablecoin in the Shanghai Free Trade Zone, and supports NFT projects on platforms like XiaohongShu.
Other key partners include Future Data Group, World Mobile, LayerZero, and Dypiusâall strengthening its DeFi, metaverse, and cross-chain ecosystem.