$CFX (Conflux Network) — Chinese "Ethereum" with government support?
Conflux Network is a scalable Layer 1 blockchain designed for decentralized applications (dApps) and Web3. The project is notable:
✅ Unique consensus: Hybrid PoW/PoS (Tree-Graph algorithm) for high speed (up to 3000 TPS) and low fees.
✅ Chinese emphasis: The only public blockchain supported by the Chinese government (partnership with Shanghai Tree-Graph Research Institute).
✅ Ecosystem: #defi (for example, Swappi), #nft , games (for example, Meta Era) and cross-chain bridges (cBTC, cETH).
✅ Tokenomics: $CFX is used for staking, gas fees, and voting. Total supply — 5.3 billion, inflation ~4% per year.
Why monitor #CFX ?
- China is gradually easing its stance on crypto, and Conflux could become a key "legal" hub.
- Integration with traditional companies is growing (Oppo, McDonald's China).
- Scaling L2 and new partnerships are expected in 2025.
Risks: Regulatory uncertainty in Asia, competition with Ethereum, BSC, and other L1s.
💡 Your opinion? Do you see potential in $CFX or consider it a niche player? Comment below! 👇