$CFX is a blockchain platform focused on high performance and scalability, with its core innovation being the combination of the tree graph consensus mechanism and the GHAST algorithm. Traditional blockchains like Ethereum adopt a linear processing model, while Conflux processes multiple blocks in parallel through a tree structure, significantly enhancing efficiency, currently capable of processing over 3000 transactions per second.
Technical Features:
Hybrid Consensus Mechanism: Combining PoW (Proof of Work) and PoS (Proof of Stake), it retains the security of PoW while optimizing resource allocation through staking tokens. The GHAST algorithm dynamically selects the 'heaviest' subtree to confirm transactions, avoiding wasted forks and ensuring the network quickly reaches consensus.
Compatibility: Fully supports the Ethereum Virtual Machine (EVM), allowing developers to easily migrate Solidity smart contracts, lowering the development threshold.
Low Cost and Low Latency: Transaction fees are optimized through a sponsorship mechanism, allowing users with zero balance to participate in interactions; confirmation times are reduced to within 1 minute, suitable for high-frequency application scenarios.
Role of CFX Token:
Payment of Transaction and Storage Fees: All on-chain operations require the consumption of CFX.
Staking and Governance: Users can stake CFX to participate in network security maintenance and earn rewards, while also participating in decision voting for protocol upgrades and other matters.
Cross-Chain Interoperability: Achieved through the ShuttleFlow cross-chain bridge with assets interchanging with chains like Ethereum and BNB Chain, using the functional token FC to assist transactions.
It's better to enjoy together than alone; if you reach out, I can pull you ashore!!
SUI TURMP BONK PEPE OM SOL PNUT
