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CFX Currency

CFX Currency is the native digital currency of the Conflux Network, which is a decentralized public blockchain platform.

Key Information About CFX Currency and Conflux Network:

Network: Conflux relies on a unique consensus algorithm known as "Tree-Graph" which allows transactions to be processed in parallel, increasing the speed and efficiency of the network compared to some traditional blockchains.

Function of CFX: CFX is used in the network for several purposes, including:

Paying Transaction Fees: Similar to gas on the Ethereum network.

Network Governance: Grants token holders the right to vote on decisions related to network development.

Staking: Token holders can stake their tokens to participate in securing the network and earn rewards.