$CFX The CFX token is the native cryptocurrency of the Conflux Network, a high-performance public and decentralized blockchain. Conflux stands out for its innovative tree-graph architecture, which allows for the parallel processing of blocks and significantly increases scalability and transaction speed without compromising security.
CFX serves several essential functions within the ecosystem. It is used to pay transaction fees, for staking that secures the network, and as a reward for miners. Additionally, $CFX it is fundamental for governance, allowing its holders to participate in key decisions about the future of the protocol. This token aims to be the backbone of a future ecosystem of decentralized applications (dApps) on Conflux.